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

UiPath, Inc. (NYSE:PATH - Get Free Report) has received a consensus rating of "Hold" from the sixteen research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $13.83.

A number of research firms have issued reports on PATH. Wells Fargo & Company restated an "equal weight" rating on shares of UiPath in a research report on Friday, May 30th. Evercore ISI boosted their price target on UiPath from $11.00 to $15.00 and gave the company an "in-line" rating in a report on Friday, May 30th. Mizuho lowered their price target on UiPath from $12.00 to $11.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Needham & Company LLC reiterated a "hold" rating on shares of UiPath in a research report on Friday, May 30th. Finally, Truist Financial boosted 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.

UiPath Price Performance

Shares of PATH stock opened at $12.85 on Thursday. The business has a 50-day moving average of $12.53 and a 200 day moving average of $12.48. UiPath has a 1-year low of $9.38 and a 1-year high of $15.93. The stock has a market capitalization of $6.88 billion, a PE ratio of -107.07, a P/E/G ratio of 16.62 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 for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. UiPath had a negative return on equity of 3.05% and a negative net margin of 4.65%. The firm had revenue of $356.62 million during the quarter, compared to analyst estimates of $332.17 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share. The business's quarterly revenue was up 6.4% compared to the same quarter last year. Analysts anticipate that UiPath will post -0.17 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Daniel Dines sold 45,000 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $12.54, for a total value of $564,300.00. Following the sale, the chief executive officer directly owned 5,463,376 shares of the company's stock, valued at $68,510,735.04. This represents a 0.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ashim Gupta sold 98,795 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $12.01, for a total transaction of $1,186,527.95. Following the completion of the transaction, the chief financial officer owned 987,322 shares of the company's stock, valued at approximately $11,857,737.22. The trade was a 9.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 380,117 shares of company stock valued at $4,726,694. 23.19% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On UiPath

A number of institutional investors and hedge funds have recently made changes to their positions in PATH. Smartleaf Asset Management LLC raised its position in shares of UiPath by 88.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock worth $31,000 after purchasing an additional 1,152 shares during the last quarter. Versant Capital Management Inc grew its position in UiPath by 198.6% during the 1st quarter. Versant Capital Management Inc now owns 2,962 shares of the company's stock valued at $31,000 after purchasing an additional 1,970 shares during the last quarter. CX Institutional bought a new stake in UiPath during the 1st quarter valued at about $36,000. EverSource Wealth Advisors LLC raised its holdings in UiPath by 141.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company's stock worth $38,000 after buying an additional 1,742 shares during the last quarter. Finally, Brooklyn Investment Group raised its holdings in UiPath by 314.3% in the first quarter. Brooklyn Investment Group now owns 4,508 shares of the company's stock worth $46,000 after buying an additional 3,420 shares during the last quarter. Institutional investors own 62.50% of the company's stock.

About UiPath

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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