Analysts Set UiPath, Inc. (NYSE:PATH) PT at $16.00

UiPath, Inc. (NYSE:PATH) has earned a consensus recommendation of “Hold” from the seventeen research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $16.00.

PATH has been the subject of a number of recent research reports. Wall Street Zen lowered shares of UiPath from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Weiss Ratings restated a “hold (c)” rating on shares of UiPath in a report on Monday, December 22nd. Morgan Stanley raised their price target on shares of UiPath from $15.00 to $19.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 9th. DA Davidson boosted their price objective on UiPath from $12.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Finally, Mizuho increased their price objective on UiPath from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, December 4th.

UiPath Price Performance

Shares of UiPath stock opened at $16.83 on Thursday. The business has a 50-day simple moving average of $15.54 and a 200 day simple moving average of $13.55. UiPath has a one year low of $9.38 and a one year high of $19.84. The firm has a market capitalization of $9.00 billion, a price-to-earnings ratio of 40.06, a PEG ratio of 5.09 and a beta of 1.10.

UiPath (NYSE:PATH) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. UiPath had a return on equity of 3.73% and a net margin of 14.79%.The firm had revenue of $411.11 million during the quarter, compared to analysts’ expectations of $392.46 million. During the same quarter last year, the firm posted $0.11 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, sell-side analysts expect that UiPath will post -0.17 EPS for the current year.

Insider Buying and Selling

In other UiPath news, CEO Daniel Dines sold 45,000 shares of the firm’s stock in a transaction on Monday, December 29th. The stock was sold at an average price of $16.44, for a total transaction of $739,800.00. Following the transaction, the chief executive officer directly owned 28,568,585 shares in the company, valued at approximately $469,667,537.40. This trade represents a 0.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders sold 1,999,101 shares of company stock valued at $32,642,304. Corporate insiders own 23.19% of the company’s stock.

Institutional Trading of UiPath

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in UiPath by 4.9% in the 3rd quarter. Vanguard Group Inc. now owns 47,895,884 shares of the company’s stock worth $640,847,000 after purchasing an additional 2,251,434 shares in the last quarter. TFG Asset Management GP Ltd boosted its stake in shares of UiPath by 53.3% in the 2nd quarter. TFG Asset Management GP Ltd now owns 13,722,244 shares of the company’s stock worth $175,645,000 after buying an additional 4,772,244 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of UiPath by 76.0% in the second quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock valued at $145,732,000 after acquiring an additional 4,926,341 shares in the last quarter. Federated Hermes Inc. increased its position in shares of UiPath by 40.7% during the second quarter. Federated Hermes Inc. now owns 8,048,321 shares of the company’s stock valued at $103,019,000 after acquiring an additional 2,328,225 shares during the last quarter. Finally, State Street Corp lifted its holdings in UiPath by 5.0% during the second quarter. State Street Corp now owns 8,032,345 shares of the company’s stock worth $102,814,000 after acquiring an additional 378,851 shares during the period. Hedge funds and other 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. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric.