UiPath (NYSE:PATH) Stock Price Expected to Rise, Barclays Analyst Says

UiPath (NYSE:PATH - Get Free Report) had its target price upped by analysts at Barclays from $12.00 to $14.00 in a report released on Friday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's target price would suggest a potential upside of 7.36% from the stock's previous close.

Several other equities research analysts have also weighed in on the company. Needham & Company LLC reissued a "hold" rating on shares of UiPath in a research report on Friday. DA Davidson upped their target price on shares of UiPath from $11.00 to $14.00 and gave the company a "neutral" rating in a report on Friday. BMO Capital Markets dropped their target price on shares of UiPath from $16.00 to $11.50 and set a "market perform" rating on the stock in a research report on Friday, March 14th. Royal Bank of Canada boosted their price target on shares of UiPath from $13.00 to $15.00 and gave the company a "sector perform" rating in a research report on Friday. Finally, Mizuho decreased their price objective on shares of UiPath from $12.00 to $11.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, UiPath has a consensus rating of "Hold" and a consensus price target of $13.72.

UiPath Stock Up 4.4%

UiPath stock traded up $0.55 during trading on Friday, reaching $13.04. The stock had a trading volume of 18,163,813 shares, compared to its average volume of 10,756,430. UiPath has a 52-week low of $9.38 and a 52-week high of $15.93. The stock has a market cap of $7.19 billion, a PE ratio of -81.50 and a beta of 1.01. The business has a 50 day moving average price of $11.55 and a 200 day moving average price of $12.69.

UiPath (NYSE:PATH - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. The business had revenue of $356.62 million for the quarter, compared to analyst estimates of $332.17 million. UiPath had a negative net margin of 6.49% and a negative return on equity of 4.14%. The company's revenue was up 6.4% on a year-over-year basis. During the same period last year, the business earned $0.13 EPS. On average, equities analysts predict that UiPath will post -0.17 EPS for the current fiscal year.

Insider Activity at UiPath

In other UiPath news, CFO Ashim Gupta sold 98,795 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $12.01, for a total value of $1,186,527.95. Following the completion of the transaction, the chief financial officer now owns 987,322 shares in the company, valued at approximately $11,857,737.22. This represents a 9.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Hitesh Ramani sold 12,500 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $10.19, for a total transaction of $127,375.00. Following the sale, the chief accounting officer now owns 314,891 shares in the company, valued at $3,208,739.29. The trade was a 3.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.19% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of UiPath in the 4th quarter worth about $71,191,000. Federated Hermes Inc. increased its stake in UiPath by 479.3% during the first quarter. Federated Hermes Inc. now owns 5,720,096 shares of the company's stock worth $58,917,000 after acquiring an additional 4,732,712 shares during the last quarter. Senvest Management LLC raised its holdings in UiPath by 29.2% in the fourth quarter. Senvest Management LLC now owns 14,074,783 shares of the company's stock valued at $178,890,000 after buying an additional 3,180,300 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of UiPath by 222.6% during the 1st quarter. Acadian Asset Management LLC now owns 4,241,047 shares of the company's stock valued at $43,667,000 after acquiring an additional 2,926,263 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of UiPath by 45.3% during the fourth quarter. AQR Capital Management LLC now owns 6,646,320 shares of the company's stock worth $84,209,000 after purchasing an additional 2,072,089 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

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.