Analysts Set UiPath, Inc. (NYSE:PATH) Price Target at $13.83

Key Points

• UiPath, Inc. (NYSE: PATH) has received an average consensus rating of "Hold" from analysts, with two sell recommendations, twelve holds, and two buy ratings.
• The average 12-month price target for UiPath among rated analysts is $13.83, with notable upgrades from Royal Bank of Canada and Morgan Stanley raising targets to $15.00.
• In the latest quarter, UiPath reported $356.62 million in revenue, exceeding estimates, although it had a negative return on equity and net margin.

UiPath, Inc. (NYSE:PATH - Get Free Report) has received a consensus rating of "Hold" from the sixteen research firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $13.83.

Several equities analysts recently issued reports on the stock. Scotiabank boosted their price target on shares of UiPath from $12.00 to $13.00 and gave the company a "sector perform" rating in a research report on Friday, May 30th. BMO Capital Markets boosted their price target on shares of UiPath from $11.50 to $15.50 and gave the company a "market perform" rating in a research report on Friday, May 30th. Truist Financial boosted their price target on shares of UiPath from $12.00 to $13.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Wall Street Zen upgraded shares of UiPath from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Finally, Morgan Stanley boosted their price target on shares of UiPath from $12.00 to $15.00 and gave the company an "equal weight" rating in a research report on Monday, June 2nd.

UiPath Trading Down 0.8%

Shares of PATH stock traded down $0.10 during mid-day trading on Monday, reaching $11.92. The stock had a trading volume of 5,478,425 shares, compared to its average volume of 11,746,140. The stock's 50-day moving average price is $12.66 and its two-hundred day moving average price is $12.40. UiPath has a 52-week low of $9.38 and a 52-week high of $15.93. The firm has a market capitalization of $6.38 billion, a PE ratio of -99.37, a price-to-earnings-growth ratio of 15.83 and a beta of 1.04.

UiPath (NYSE:PATH - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. UiPath had a negative net margin of 4.65% and a negative return on equity of 3.05%. The firm had revenue of $356.62 million for the quarter, compared to analysts' expectations of $332.17 million. During the same quarter in the previous year, the company earned $0.13 earnings per share. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities research analysts forecast that UiPath will post -0.17 earnings per share for the current year.

Insider Activity at UiPath

In related news, CFO Ashim Gupta sold 56,322 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $12.72, for a total transaction of $716,415.84. Following the transaction, the chief financial officer owned 859,991 shares in the company, valued at $10,939,085.52. This represents a 6.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Daniel Dines sold 45,000 shares of the stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $12.43, for a total transaction of $559,350.00. Following the transaction, the chief executive officer owned 5,058,376 shares in the company, valued at approximately $62,875,613.68. This trade represents a 0.88% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 821,322 shares of company stock worth $10,309,066. Insiders own 23.19% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC increased its stake in shares of UiPath by 3.7% in the fourth quarter. Tidal Investments LLC now owns 22,487 shares of the company's stock worth $286,000 after purchasing an additional 797 shares in the last quarter. True Wealth Design LLC increased its stake in shares of UiPath by 18.4% in the fourth quarter. True Wealth Design LLC now owns 5,163 shares of the company's stock worth $66,000 after purchasing an additional 801 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of UiPath by 48.0% in the second quarter. GAMMA Investing LLC now owns 2,989 shares of the company's stock worth $38,000 after purchasing an additional 969 shares in the last quarter. United Capital Financial Advisors LLC increased its stake in shares of UiPath by 8.6% in the fourth quarter. United Capital Financial Advisors LLC now owns 12,238 shares of the company's stock worth $156,000 after purchasing an additional 971 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in UiPath by 6.8% during the fourth quarter. NewEdge Advisors LLC now owns 15,809 shares of the company's stock valued at $201,000 after acquiring an additional 1,003 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

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.