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

Key Points

• Analysts have a “Hold” consensus on UiPath, with 15 of 21 covering analysts rating it Hold; the average 12-month price target is $15.69.
• Recent price-target changes were mixed: Wells Fargo and Barclays raised their targets, while Canaccord Genuity and Truist cut theirs. PATH traded at $13.29 in Friday’s session.
• UiPath matched quarterly EPS estimates at $0.15 and exceeded revenue expectations, reporting $410.26 million in revenue, up 13.3% year over year. Insiders sold nearly 3 million shares worth about $43.6 million in the last quarter.

Shares of UiPath, Inc. (NYSE:PATH - Get Free Report) have been given a consensus recommendation of "Hold" by the twenty-one analysts that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $15.69.

A number of research firms have recently weighed in on PATH. Wells Fargo & Company increased their target price on shares of UiPath from $13.00 to $15.00 and gave the company an "equal weight" rating in a research report on Friday, September 4th. Barclays upped their price objective on UiPath from $14.00 to $17.00 and gave the company an "equal weight" rating in a research note on Friday, September 4th. Royal Bank Of Canada reissued an "outperform" rating on shares of UiPath in a report on Wednesday, September 23rd. Canaccord Genuity Group decreased their target price on UiPath from $17.00 to $14.00 and set a "hold" rating for the company in a research report on Thursday, September 24th. Finally, Truist Financial lowered their target price on UiPath from $17.00 to $14.00 and set a "hold" rating on the stock in a research note on Wednesday, September 23rd.

Insider Transactions at UiPath

In related news, insider Brad Brubaker sold 27,404 shares of the business's stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $13.63, for a total value of $373,516.52. Following the sale, the insider directly owned 1,066,107 shares in the company, valued at approximately $14,531,038.41. The trade was a 2.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Ashim Gupta sold 66,052 shares of the business's stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $13.17, for a total value of $869,904.84. Following the completion of 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 2,962,735 shares of company stock worth $43,584,098. Insiders own 22.44% of the company's stock.

Institutional Trading of UiPath

Institutional investors have recently modified their holdings of the business. Bessemer Group Inc. raised its holdings in shares of UiPath by 32.4% in the 3rd quarter. Bessemer Group Inc. now owns 3,893 shares of the company's stock worth $51,000 after purchasing an additional 953 shares during the period. Parallel Advisors LLC grew its holdings in shares of UiPath by 1.5% during the 3rd quarter. Parallel Advisors LLC now owns 71,666 shares of the company's stock worth $920,000 after purchasing an additional 1,052 shares during the period. CoreCap Advisors LLC grew its holdings in shares of UiPath by 68.7% during the 3rd quarter. CoreCap Advisors LLC now owns 2,679 shares of the company's stock worth $34,000 after purchasing an additional 1,091 shares during the period. Fifth Third Wealth Advisors LLC increased its position in UiPath by 8.4% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 14,174 shares of the company's stock worth $182,000 after purchasing an additional 1,094 shares in the last quarter. Finally, Allworth Financial LP increased its position in UiPath by 5.2% during the 2nd quarter. Allworth Financial LP now owns 23,537 shares of the company's stock worth $256,000 after purchasing an additional 1,160 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

UiPath Trading Up 1.4%

Shares of PATH traded up $0.18 during trading hours on Friday, reaching $13.29. 17,921,650 shares of the stock traded hands, compared to its average volume of 23,145,954. The stock has a fifty day simple moving average of $13.42 and a 200 day simple moving average of $12.35. UiPath has a 52 week low of $9.20 and a 52 week high of $19.84. The company has a market cap of $6.92 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.23 and a beta of 1.04.

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

About UiPath

UiPath Inc. develops enterprise automation software that helps organizations automate repetitive, rules-based work and more complex business processes. Its platform combines robotic process automation with artificial intelligence and tools for managing automated workflows. Its products and services include software robots, workflow orchestration, process and task discovery, and tools for processing documents. UiPath serves businesses and public-sector organizations across a range of industries and geographies.

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