Truist Financial Cuts UiPath (NYSE:PATH) Price Target to $12.00

UiPath (NYSE:PATH) had its price objective reduced by Truist Financial from $13.00 to $12.00 in a research report sent to investors on Friday morning,Benzinga reports. Truist Financial currently has a hold rating on the stock.

Several other brokerages have also issued reports on PATH. Canaccord Genuity Group set a $16.00 target price on shares of UiPath and gave the company a “buy” rating in a research report on Monday, June 2nd. DA Davidson began coverage on shares of UiPath in a research report on Friday. They set a “neutral” rating and a $12.00 price target on the stock. Royal Bank Of Canada boosted their price target on shares of UiPath from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Friday, May 30th. Zacks Research upgraded shares of UiPath to a “hold” rating in a research report on Friday, August 8th. Finally, Needham & Company LLC restated a “hold” rating on shares of UiPath in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $13.25.

UiPath Stock Up 6.0%

Shares of NYSE PATH opened at $11.50 on Friday. The company’s 50-day simple moving average is $11.76 and its 200-day simple moving average is $11.80. UiPath has a 52-week low of $9.38 and a 52-week high of $15.93. The firm has a market cap of $6.15 billion, a price-to-earnings ratio of 383.30, a price-to-earnings-growth ratio of 12.07 and a beta of 1.02.

UiPath (NYSE:PATH) last announced its earnings results on Thursday, September 4th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.07. UiPath had a net margin of 1.35% and a return on equity of 1.27%. The business had revenue of $361.73 million for the quarter, compared to analyst estimates of $347.36 million. During the same quarter last year, the business earned $0.04 earnings per share. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. UiPath has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Equities research analysts anticipate that UiPath will post -0.17 EPS for the current fiscal year.

Insider Transactions at UiPath

In other UiPath news, CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $12.43, for a total transaction of $559,350.00. Following the transaction, the chief executive officer directly owned 5,058,376 shares of the company’s stock, valued at $62,875,613.68. The trade was a 0.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ashim Gupta sold 56,322 shares of UiPath stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $12.72, for a total transaction of $716,415.84. Following the transaction, the chief financial officer directly owned 859,991 shares in the company, valued at $10,939,085.52. This trade represents a 6.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 831,310 shares of company stock worth $10,428,922 over the last ninety days. 23.19% of the stock is owned by insiders.

Hedge Funds Weigh In On UiPath

Institutional investors have recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC purchased a new position in UiPath during the second quarter worth about $28,000. AdvisorNet Financial Inc raised its stake in shares of UiPath by 320.4% in the 2nd quarter. AdvisorNet Financial Inc now owns 2,476 shares of the company’s stock valued at $32,000 after acquiring an additional 1,887 shares during the period. Versant Capital Management Inc lifted its holdings in shares of UiPath by 198.6% in the 1st quarter. Versant Capital Management Inc now owns 2,962 shares of the company’s stock worth $31,000 after acquiring an additional 1,970 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of UiPath by 48.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,989 shares of the company’s stock worth $38,000 after acquiring an additional 969 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of UiPath by 508.0% in the 2nd quarter. IFP Advisors Inc now owns 3,283 shares of the company’s stock worth $42,000 after acquiring an additional 2,743 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

About UiPath

UiPath Inc provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, the United Kingdom, the Netherlands, and internationally. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization.