Wall Street Zen Upgrades UiPath (NYSE:PATH) to “Strong-Buy”

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

Several other analysts have also issued reports on PATH. TD Cowen restated a “hold” rating on shares of UiPath in a research report on Thursday, December 4th. Royal Bank Of Canada dropped their target price on UiPath from $19.00 to $17.00 and set a “sector perform” rating for the company in a report on Monday, January 5th. Mizuho raised their price target on UiPath from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Evercore ISI boosted their price objective on UiPath from $15.00 to $17.00 and gave the company an “in-line” rating in a research report on Thursday, December 4th. Finally, Canaccord Genuity Group raised their target price on shares of UiPath from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. One investment 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 issued a Sell rating to the stock. According to MarketBeat.com, UiPath currently has a consensus rating of “Hold” and a consensus target price of $16.00.

UiPath Trading Down 5.2%

Shares of NYSE PATH opened at $12.57 on Friday. The stock’s 50-day moving average is $15.82 and its 200 day moving average is $13.99. The stock has a market cap of $6.72 billion, a price-to-earnings ratio of 29.92, a P/E/G ratio of 3.89 and a beta of 1.08. UiPath has a 1-year low of $9.38 and a 1-year high of $19.84.

UiPath (NYSE:PATH) last issued its quarterly 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. The business had revenue of $411.11 million for the quarter, compared to analysts’ expectations of $392.46 million. UiPath had a net margin of 14.79% and a return on equity of 3.73%. The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the business earned $0.11 earnings per share. On average, analysts forecast that UiPath will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling at UiPath

In other news, CEO Daniel Dines sold 45,000 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were 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 of the company’s stock, valued at approximately $560,040,367.85. This trade represents a 0.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Ashim Gupta sold 67,468 shares of UiPath stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $16.10, for a total transaction of $1,086,234.80. Following the sale, the chief financial officer directly owned 557,028 shares in the company, valued at $8,968,150.80. The trade was a 10.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,040,048 shares of company stock valued at $17,290,244 over the last 90 days. Company insiders own 23.19% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PATH. Noble Wealth Management PBC purchased a new position in shares of UiPath in the 4th quarter valued at approximately $25,000. Raleigh Capital Management Inc. purchased a new position in UiPath during the fourth quarter valued at $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of UiPath during the 2nd quarter valued at $28,000. TD Waterhouse Canada Inc. grew its position in shares of UiPath by 1,270.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock worth $29,000 after buying an additional 1,652 shares during the period. Finally, GAMMA Investing LLC increased its stake 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 in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

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. 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.