UiPath, Inc. (NYSE:PATH) Receives Consensus Rating of “Hold” from Brokerages

UiPath, Inc. (NYSE:PATH) has earned an average recommendation of “Hold” from the seventeen research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, fifteen have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $15.7692.

Several equities analysts have recently weighed in on the company. Evercore increased their price target on UiPath from $15.00 to $17.00 and gave the company an “in-line” rating in a report on Thursday, December 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of UiPath in a report on Thursday, December 4th. Royal Bank Of Canada set a $14.00 price target on shares of UiPath in a research note on Wednesday. Canaccord Genuity Group upped their price objective on UiPath from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Finally, Wells Fargo & Company raised their target price on UiPath from $12.00 to $14.00 and gave the stock an “equal weight” rating in a report on Thursday, December 4th.

UiPath Stock Down 4.3%

Shares of NYSE PATH opened at $11.19 on Friday. The firm’s 50-day moving average price is $15.44 and its 200-day moving average price is $13.98. UiPath has a 52-week low of $9.38 and a 52-week high of $19.84. The company has a market cap of $5.98 billion, a PE ratio of 26.63, a PEG ratio of 1.65 and a beta of 1.07.

UiPath (NYSE:PATH) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported $0.16 earnings per share 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 3.73%. The company had revenue of $411.11 million for the quarter, compared to the consensus estimate of $392.46 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, equities research analysts anticipate that UiPath will post -0.17 EPS for the current fiscal year.

Insider Transactions at UiPath

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 directly owned 557,028 shares in the company, valued at approximately $8,968,150.80. The trade was a 10.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Daniel Dines sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $19.21, for a total transaction of $864,450.00. Following the sale, the chief executive officer owned 29,153,585 shares in the company, valued at approximately $560,040,367.85. The trade was a 0.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 950,048 shares of company stock worth $15,881,744. Insiders own 23.19% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Noble Wealth Management PBC purchased a new stake in UiPath in the 4th quarter worth $25,000. HighMark Wealth Management LLC bought a new stake in UiPath during the 4th quarter valued at approximately $25,000. Raleigh Capital Management Inc. bought a new position in UiPath in the 4th quarter worth approximately $26,000. TD Waterhouse Canada Inc. grew its holdings in UiPath by 1,270.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock valued at $29,000 after buying an additional 1,652 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of UiPath during the second quarter worth $28,000. 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.