UiPath Inc. (NYSE:PATH) Receives $12.72 Consensus Price Target from Analysts

Shares of UiPath Inc. (NYSE:PATH - Get Free Report) have received a consensus rating of "Hold" from the nineteen ratings firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $12.72.

Several brokerages have commented on PATH. Needham & Company LLC reissued a "hold" rating on shares of UiPath in a research note on Wednesday, March 26th. Barclays cut their target price on shares of UiPath from $15.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. BMO Capital Markets dropped their price objective on UiPath from $16.00 to $11.50 and set a "market perform" rating on the stock in a research note on Friday, March 14th. Canaccord Genuity Group dropped their price objective on UiPath from $19.00 to $14.00 and set a "buy" rating on the stock in a research note on Thursday, March 13th. Finally, Wells Fargo & Company reduced their price objective on shares of UiPath from $13.00 to $11.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th.

Insiders Place Their Bets

In other UiPath news, CAO Hitesh Ramani sold 12,500 shares of the stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $10.19, for a total transaction of $127,375.00. Following the transaction, the chief accounting officer now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 22.37% of the stock is currently owned by insiders.

Hedge Funds Weigh In On UiPath

A number of institutional investors have recently added to or reduced their stakes in the stock. CIBC Asset Management Inc increased its holdings in UiPath by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 14,741 shares of the company's stock valued at $187,000 after purchasing an additional 736 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in UiPath by 33.4% during the fourth quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company's stock worth $39,000 after purchasing an additional 759 shares during the last quarter. Tidal Investments LLC grew its position in shares of UiPath by 3.7% in the 4th quarter. Tidal Investments LLC now owns 22,487 shares of the company's stock valued at $286,000 after buying an additional 797 shares during the last quarter. True Wealth Design LLC grew its stake in UiPath by 18.4% during the 4th quarter. True Wealth Design LLC now owns 5,163 shares of the company's stock worth $66,000 after buying an additional 801 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in UiPath by 47.8% in the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company's stock valued at $32,000 after purchasing an additional 804 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

UiPath Trading Up 4.8 %

PATH stock traded up $0.53 during trading hours on Friday, hitting $11.40. 3,303,114 shares of the stock were exchanged, compared to its average volume of 10,538,222. The company has a 50-day simple moving average of $11.40 and a two-hundred day simple moving average of $12.76. UiPath has a 12 month low of $9.38 and a 12 month high of $20.95. The firm has a market capitalization of $6.28 billion, a P/E ratio of -71.22 and a beta of 1.04.

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.