UiPath, Inc. (NYSE:PATH) Given Average Rating of “Hold” by Analysts

UiPath, Inc. (NYSE:PATH) has been given an average recommendation of “Hold” by the seventeen analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $16.00.

Several research analysts have recently commented on the company. Morgan Stanley lifted their target price on UiPath from $15.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 9th. Evercore ISI lifted their price objective on shares of UiPath from $15.00 to $17.00 and gave the stock an “in-line” rating in a report on Thursday, December 4th. Zacks Research upgraded shares of UiPath from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Canaccord Genuity Group raised their price target on shares of UiPath from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Finally, DA Davidson lifted their price target on shares of UiPath from $12.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, December 4th.

UiPath Stock Performance

PATH opened at $14.32 on Monday. The company has a market capitalization of $7.66 billion, a P/E ratio of 34.10, a PEG ratio of 4.20 and a beta of 1.08. The company has a 50-day moving average of $15.73 and a 200-day moving average of $13.92. UiPath has a 1-year low of $9.38 and a 1-year high of $19.84.

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

Insider Buying and Selling

In related news, CFO Ashim Gupta sold 67,468 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $16.10, for a total transaction of $1,086,234.80. Following the completion of the transaction, the chief financial officer owned 557,028 shares in the company, valued at $8,968,150.80. The trade was a 10.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Daniel Dines sold 45,000 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $19.21, for a total value of $864,450.00. Following the completion of the sale, the chief executive officer directly owned 29,153,585 shares in the company, valued at $560,040,367.85. This represents a 0.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 1,180,048 shares of company stock valued at $19,604,094. 23.19% of the stock is currently owned by insiders.

Institutional Trading of UiPath

Hedge funds have recently bought and sold shares of the company. Noble Wealth Management PBC acquired a new stake in shares of UiPath in the fourth quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in UiPath in the 2nd quarter valued at approximately $28,000. AdvisorNet Financial Inc increased its position in 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. GAMMA Investing LLC raised its stake in UiPath by 48.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,989 shares of the company’s stock valued at $38,000 after acquiring an additional 969 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in UiPath by 508.0% during 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 period. 62.50% of the stock is currently owned by 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. 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.