UiPath (NYSE:PATH) Upgraded at Zacks Research

Zacks Research upgraded shares of UiPath (NYSE:PATH) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

A number of other equities analysts have also recently weighed in on the stock. Cowen restated a “hold” rating on shares of UiPath in a research report on Thursday, December 4th. Wells Fargo & Company lifted their price objective on UiPath from $12.00 to $14.00 and gave the stock an “equal weight” rating in a report on Thursday, December 4th. UBS Group reissued a “neutral” rating on shares of UiPath in a report on Thursday, December 4th. Royal Bank Of Canada raised their target price on UiPath from $16.00 to $19.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 10th. Finally, Mizuho lifted their price target on UiPath from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $16.00.

UiPath Trading Down 1.7%

Shares of PATH stock opened at $16.38 on Tuesday. The company has a market capitalization of $8.76 billion, a P/E ratio of 39.00, a P/E/G ratio of 4.95 and a beta of 1.08. The business’s 50 day moving average is $15.60 and its two-hundred day moving average is $13.62. UiPath has a 12-month low of $9.38 and a 12-month high of $19.84.

UiPath (NYSE:PATH) last posted its quarterly earnings data on Wednesday, December 3rd. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $411.11 million during the quarter, compared to analysts’ expectations of $392.46 million. UiPath had a return on equity of 3.73% and a net margin of 14.79%.The business’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 earnings per share. On average, research analysts predict that UiPath will post -0.17 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Ashim Gupta sold 240,874 shares of the business’s stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $17.28, for a total transaction of $4,162,302.72. Following the completion of the sale, the chief financial officer owned 696,117 shares in the company, valued at $12,028,901.76. The trade was a 25.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Daniel Dines sold 122,734 shares of the company’s stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $17.06, for a total value of $2,093,842.04. Following the completion of the transaction, the chief executive officer directly owned 368,202 shares of the company’s stock, valued at $6,281,526.12. This trade represents a 25.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,921,368 shares of company stock worth $31,751,023. 23.19% of the stock is currently owned by insiders.

Institutional Trading of UiPath

Several institutional investors and hedge funds have recently bought and sold shares of PATH. Vanguard Group Inc. grew its position in UiPath by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 47,895,884 shares of the company’s stock worth $640,847,000 after purchasing an additional 2,251,434 shares during the last quarter. TFG Asset Management GP Ltd increased its position in UiPath by 53.3% in the 2nd quarter. TFG Asset Management GP Ltd now owns 13,722,244 shares of the company’s stock valued at $175,645,000 after acquiring an additional 4,772,244 shares during the period. AQR Capital Management LLC increased its position in UiPath by 76.0% in the 2nd quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock valued at $145,732,000 after acquiring an additional 4,926,341 shares during the period. Federated Hermes Inc. raised its stake in UiPath by 40.7% during the 2nd quarter. Federated Hermes Inc. now owns 8,048,321 shares of the company’s stock valued at $103,019,000 after acquiring an additional 2,328,225 shares during the last quarter. Finally, State Street Corp lifted its position in UiPath by 5.0% during the 2nd quarter. State Street Corp now owns 8,032,345 shares of the company’s stock worth $102,814,000 after acquiring an additional 378,851 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

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. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric.