UiPath Inc. (NYSE:PATH) Receives Consensus Rating of "Hold" from Brokerages

UiPath Inc. (NYSE:PATH - Get Free Report) has been given a consensus rating of "Hold" by the sixteen brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $13.83.

PATH has been the topic of several recent analyst reports. Truist Financial lifted their target price on UiPath from $12.00 to $13.00 and gave the company a "hold" rating in a research note on Friday, May 30th. DA Davidson lifted their price target on UiPath from $11.00 to $14.00 and gave the company a "neutral" rating in a research report on Friday, May 30th. Needham & Company LLC reiterated a "hold" rating on shares of UiPath in a research report on Friday, May 30th. Morgan Stanley lifted their price target on UiPath from $12.00 to $15.00 and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Finally, Scotiabank lifted their price target on UiPath from $12.00 to $13.00 and gave the company a "sector perform" rating in a research report on Friday, May 30th.

UiPath Price Performance

Shares of NYSE:PATH opened at $13.22 on Friday. The firm has a market capitalization of $7.29 billion, a PE ratio of -82.59 and a beta of 1.06. The business has a 50-day moving average of $11.76 and a two-hundred day moving average of $12.70. UiPath has a 12 month low of $9.38 and a 12 month high of $15.93.

UiPath (NYSE:PATH - Get Free Report) last posted its earnings results 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. The business had revenue of $356.62 million during the quarter, compared to analyst estimates of $332.17 million. UiPath had a negative return on equity of 4.14% and a negative net margin of 6.49%. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 earnings per share. As a group, research analysts anticipate that UiPath will post -0.17 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Ashim Gupta sold 98,795 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $12.01, for a total value of $1,186,527.95. Following the completion of the sale, the chief financial officer now directly owns 987,322 shares in the company, valued at approximately $11,857,737.22. This trade represents a 9.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Hitesh Ramani sold 12,500 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at $3,208,739.29. This trade represents a 3.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 23.19% of the company's stock.

Institutional Investors Weigh In On UiPath

Hedge funds and other institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC increased its stake in UiPath by 88.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock valued at $31,000 after acquiring an additional 1,152 shares during the last quarter. Versant Capital Management Inc increased its stake in UiPath by 198.6% in the first quarter. Versant Capital Management Inc now owns 2,962 shares of the company's stock valued at $31,000 after acquiring an additional 1,970 shares during the last quarter. First Horizon Advisors Inc. increased its stake in UiPath by 47.8% in the fourth quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company's stock valued at $32,000 after acquiring an additional 804 shares during the last quarter. CX Institutional bought a new position in UiPath in the first quarter valued at approximately $36,000. Finally, EverSource Wealth Advisors LLC increased its stake in UiPath by 141.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company's stock valued at $38,000 after acquiring an additional 1,742 shares during 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.

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