Shares of UiPath, Inc. (NYSE:PATH - Get Free Report) have been assigned a consensus rating of "Hold" from the seventeen analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $14.3333.
A number of research firms recently weighed in on PATH. Bank of America increased their price target on UiPath from $12.00 to $13.00 and gave the company an "underperform" rating in a research note on Friday, May 29th. Needham & Company LLC reiterated a "buy" rating and issued a $15.00 price objective on shares of UiPath in a report on Friday, May 29th. Royal Bank Of Canada increased their price objective on shares of UiPath from $12.00 to $15.00 and gave the company a "sector perform" rating in a research report on Friday, August 14th. BMO Capital Markets cut their target price on shares of UiPath from $14.00 to $13.00 and set a "market perform" rating for the company in a research note on Monday, June 1st. Finally, Wall Street Zen downgraded shares of UiPath from a "buy" rating to a "hold" rating in a report on Saturday, May 30th.
Get Our Latest Analysis on UiPath
Insider Transactions at UiPath
In other UiPath news, CEO Daniel Dines sold 1,402,347 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $16.07, for a total transaction of $22,535,716.29. Following the completion of the sale, the chief executive officer directly owned 26,491,238 shares in the company, valued at $425,714,194.66. This trade represents a 5.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 22.44% of the stock is owned by company insiders.
Hedge Funds Weigh In On UiPath
Institutional investors and hedge funds have recently made changes to their positions in the company. DNB Asset Management AS lifted its holdings in shares of UiPath by 266.4% during the fourth quarter. DNB Asset Management AS now owns 565,799 shares of the company's stock worth $9,273,000 after buying an additional 411,395 shares in the last quarter. BlackRock Inc. grew its stake in shares of UiPath by 7.2% in the second quarter. BlackRock Inc. now owns 46,153,124 shares of the company's stock valued at $501,684,000 after acquiring an additional 3,097,822 shares in the last quarter. Redwood Investment Management LLC acquired a new position in shares of UiPath in the second quarter valued at about $1,183,000. First Trust Advisors LP increased its position in UiPath by 48.7% during the first quarter. First Trust Advisors LP now owns 1,624,148 shares of the company's stock worth $18,028,000 after acquiring an additional 532,157 shares during the period. Finally, State of Michigan Retirement System bought a new position in UiPath during the first quarter worth about $1,143,000. Institutional investors and hedge funds own 62.50% of the company's stock.
UiPath Stock Up 2.8%
PATH opened at $18.65 on Tuesday. UiPath has a 12-month low of $9.20 and a 12-month high of $19.84. The business has a 50 day moving average of $13.35 and a 200-day moving average of $11.78. The stock has a market cap of $9.66 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 2.18 and a beta of 0.96.
UiPath Company Profile
(
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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.
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