UiPath (NYSE:PATH) Lowered to “Buy” Rating by Wall Street Zen

UiPath (NYSE:PATH) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

Other analysts also recently issued reports about the company. Truist Financial set a $17.00 target price on UiPath in a report on Thursday. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a research note on Thursday. Cowen reissued a “hold” rating on shares of UiPath in a report on Thursday. Wells Fargo & Company lifted their target price on shares of UiPath from $12.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Evercore ISI upped their price target on shares of UiPath from $15.00 to $17.00 and gave the company an “in-line” rating in a research report on Thursday. One analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, UiPath has a consensus rating of “Reduce” and a consensus target price of $15.46.

UiPath Trading Up 1.0%

Shares of NYSE:PATH opened at $18.67 on Friday. The firm has a 50 day simple moving average of $14.93 and a 200-day simple moving average of $13.07. UiPath has a twelve month low of $9.38 and a twelve month high of $18.98. The company has a market capitalization of $9.91 billion, a PE ratio of 44.45, a P/E/G ratio of 6.84 and a beta of 1.10.

UiPath (NYSE:PATH) last posted its earnings results on Wednesday, December 3rd. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. UiPath had a net margin of 14.79% and a return on equity of 3.83%. The firm had revenue of $411.11 million for the quarter, compared to the consensus estimate of $392.46 million. During the same period last year, the firm posted $0.11 EPS. The company’s revenue was up 15.9% on a year-over-year basis. As a group, equities research analysts predict that UiPath will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling at UiPath

In related news, CAO Hitesh Ramani sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $15.47, for a total value of $77,350.00. Following the completion of the sale, the chief accounting officer owned 182,776 shares in the company, valued at $2,827,544.72. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Daniel Dines sold 45,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $15.07, for a total value of $678,150.00. Following the transaction, the chief executive officer owned 29,288,585 shares in the company, valued at $441,378,975.95. The trade was a 0.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,319,002 shares of company stock valued at $34,094,875 in the last 90 days. Company insiders own 23.19% of the company’s stock.

Institutional Trading of UiPath

A number of institutional investors have recently modified their holdings of the business. Twin Peaks Wealth Advisors LLC acquired a new position in UiPath during the second quarter worth $28,000. AdvisorNet Financial Inc grew its stake in shares of UiPath by 320.4% during the 2nd quarter. AdvisorNet Financial Inc now owns 2,476 shares of the company’s stock worth $32,000 after purchasing an additional 1,887 shares during the period. GAMMA Investing LLC increased 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 valued at $38,000 after purchasing an additional 969 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of UiPath by 508.0% in the second quarter. IFP Advisors Inc now owns 3,283 shares of the company’s stock valued at $42,000 after purchasing an additional 2,743 shares during the period. Finally, Brooklyn Investment Group lifted its stake in shares of UiPath by 314.3% in the first quarter. Brooklyn Investment Group now owns 4,508 shares of the company’s stock valued at $46,000 after purchasing an additional 3,420 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

UiPath Company Profile

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.