UiPath, Inc. (NYSE:PATH) Stock Has Average Price Target of $15.69 According to Brokerages

Key Points

• Analysts maintain a “Hold” consensus on UiPath, with 15 hold, four buy and two sell ratings. The average 12-month price target is $15.69, compared with the stock’s recent opening price of $13.39.
• UiPath’s latest quarterly results met expectations with earnings of $0.15 per share and revenue of $410.26 million, exceeding forecasts of $397.77 million. Revenue increased 13.3% year over year.
• Insiders sold approximately 2.93 million shares worth $43.2 million over the past 90 days, while institutional ownership stands at 62.5%; several major funds, including BlackRock, increased their positions.

Shares of UiPath, Inc. (NYSE:PATH - Get Free Report) have earned a consensus rating of "Hold" from the twenty-one research firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $15.69.

A number of equities analysts recently issued reports on PATH shares. UBS Group lowered their price objective on shares of UiPath from $19.00 to $14.00 and set a "neutral" rating for the company in a research report on Friday, September 25th. Canaccord Genuity Group cut their target price on shares of UiPath from $17.00 to $14.00 and set a "hold" rating on the stock in a research report on Thursday, September 24th. HC Wainwright reaffirmed a "buy" rating on shares of UiPath in a research note on Friday, September 4th. TD Cowen reaffirmed a "hold" rating and set a $16.00 target price on shares of UiPath in a research note on Wednesday, September 23rd. Finally, Citigroup assumed coverage on shares of UiPath in a report on Tuesday, September 8th. They set a "buy" rating and a $23.00 price target for the company.

UiPath Trading Up 2.1%

Shares of NYSE PATH opened at $13.39 on Wednesday. The company has a market cap of $6.98 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 1.23 and a beta of 1.01. UiPath has a 12 month low of $9.20 and a 12 month high of $19.84. The stock has a 50-day moving average price of $14.60 and a two-hundred day moving average price of $12.42.

UiPath (NYSE:PATH - Get Free Report) last posted its earnings results on Thursday, September 3rd. The company reported $0.15 EPS for the quarter, hitting analysts' consensus estimates of $0.15. The firm had revenue of $410.26 million during the quarter, compared to analysts' expectations of $397.77 million. UiPath had a net margin of 21.03% and a return on equity of 9.70%. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 earnings per share. On average, sell-side analysts predict that UiPath will post 0.49 earnings per share for the current year.

Insider Transactions at UiPath

In related news, insider Brad Brubaker sold 27,404 shares of the firm's stock in a transaction on Monday, October 12th. The stock was sold at an average price of $13.63, for a total transaction of $373,516.52. Following the sale, the insider owned 1,066,107 shares of the company's stock, valued at $14,531,038.41. This trade represents a 2.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Ashim Gupta sold 66,052 shares of the business's stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $13.17, for a total value of $869,904.84. Following the sale, the chief operating officer owned 1,902,434 shares in the company, valued at $25,055,055.78. This represents a 3.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 2,933,170 shares of company stock worth $43,170,188. Insiders own 22.44% of the company's stock.

Institutional Trading of UiPath

A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its position in UiPath by 7.2% in the 2nd 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 during the period. Squarepoint Ops LLC lifted its holdings in shares of UiPath by 8,065.7% during the second quarter. Squarepoint Ops LLC now owns 1,497,555 shares of the company's stock worth $16,278,000 after purchasing an additional 1,516,355 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of UiPath by 26.7% during the first quarter. Dimensional Fund Advisors LP now owns 6,831,288 shares of the company's stock worth $75,818,000 after purchasing an additional 1,437,843 shares during the period. Bank of America Corp DE lifted its holdings in shares of UiPath by 13.2% during the first quarter. Bank of America Corp DE now owns 10,046,699 shares of the company's stock worth $111,518,000 after purchasing an additional 1,170,285 shares during the period. Finally, Corient Private Wealth LP grew its stake in shares of UiPath by 398.4% in the second quarter. Corient Private Wealth LP now owns 708,146 shares of the company's stock worth $7,698,000 after purchasing an additional 566,074 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

About UiPath

UiPath, Inc develops enterprise automation software that helps organizations automate repetitive, rules-based and increasingly complex business processes. Its platform combines robotic process automation with artificial intelligence, workflow orchestration, process mining, document processing and application integration capabilities.

The company's products are designed to support the discovery, development, deployment and management of software robots and AI-powered automations across functions such as finance, customer service, human resources, information technology and operations.

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