UiPath (NYSE:PATH) Upgraded to "Strong-Buy" at Zacks Research

Key Points

• UiPath has been upgraded to a "Strong-Buy" rating by Zacks Research, reflecting a positive shift in analyst sentiment towards the company.
• Despite the upgrade, Canaccord Genuity Group reduced their price target for UiPath from $16.00 to $15.00, indicating mixed projections in the market.
• UiPath reported a 14.6% year-over-year increase in revenue for its most recent quarter, exceeding analysts' expectations with a revenue of $361.73 million.

UiPath (NYSE:PATH - Get Free Report) was upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued on Monday,Zacks.com reports.

Several other analysts have also recently commented on PATH. Canaccord Genuity Group dropped their price target on UiPath from $16.00 to $15.00 and set a "buy" rating for the company in a research report on Monday. Wall Street Zen upgraded UiPath from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Wells Fargo & Company reiterated an "equal weight" rating on shares of UiPath 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, September 5th. Finally, Cowen reiterated a "hold" rating on shares of UiPath in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, UiPath currently has an average rating of "Hold" and an average price target of $13.18.

UiPath Price Performance

UiPath stock opened at $11.91 on Monday. The stock has a market capitalization of $6.37 billion, a PE ratio of 397.00, a price-to-earnings-growth ratio of 7.61 and a beta of 1.02. UiPath has a 12 month low of $9.38 and a 12 month high of $15.93. The business has a 50 day simple moving average of $11.72 and a 200-day simple moving average of $11.79.

UiPath (NYSE:PATH - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.07. The business had revenue of $361.73 million during the quarter, compared to analysts' expectations of $347.36 million. UiPath had a return on equity of 1.27% and a net margin of 1.35%.The business's revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 earnings per share. UiPath has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, equities research analysts anticipate that UiPath will post -0.17 EPS for the current fiscal year.

Insiders Place Their Bets

In other UiPath news, CEO Daniel Dines sold 45,000 shares of the business's stock in a transaction on Wednesday, July 16th. The stock was 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 of the company's stock, valued at approximately $62,875,613.68. The trade was a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Ashim Gupta sold 56,322 shares of the business's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $12.72, for a total value of $716,415.84. Following the transaction, the chief financial officer directly owned 859,991 shares in the company, valued at $10,939,085.52. This trade represents a 6.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 831,310 shares of company stock worth $10,428,922 in the last three months. 23.19% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On UiPath

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American Trust acquired a new position in shares of UiPath in the 2nd quarter valued at $148,000. Total Investment Management Inc. acquired a new position in shares of UiPath in the 2nd quarter valued at $108,000. Orion Porfolio Solutions LLC lifted its stake in shares of UiPath by 12.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 28,862 shares of the company's stock valued at $369,000 after purchasing an additional 3,203 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in UiPath by 0.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,495,934 shares of the company's stock worth $31,941,000 after acquiring an additional 13,980 shares in the last quarter. Finally, Marex Group plc acquired a new position in UiPath during the 2nd quarter worth about $167,000. Institutional investors and hedge funds own 62.50% of the company's stock.

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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