UiPath (NYSE:PATH) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of UiPath (NYSE:PATH) from a buy rating to a strong-buy rating in a report issued on Saturday morning.

PATH has been the subject of a number of other reports. Evercore ISI lifted their target price on UiPath from $15.00 to $17.00 and gave the company an “in-line” rating in a research note on Thursday, December 4th. Truist Financial set a $17.00 price objective on UiPath in a research note on Thursday, December 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UiPath in a research report on Monday, December 29th. Needham & Company LLC reissued a “hold” rating on shares of UiPath in a report on Thursday, December 4th. Finally, Morgan Stanley upped their price target on shares of UiPath from $15.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, UiPath currently has a consensus rating of “Hold” and a consensus price target of $16.00.

UiPath Price Performance

Shares of PATH opened at $12.57 on Friday. The stock has a market capitalization of $6.72 billion, a PE ratio of 29.92, a price-to-earnings-growth ratio of 3.89 and a beta of 1.08. The business’s fifty day moving average price is $15.82 and its 200 day moving average price is $14.00. UiPath has a 12-month low of $9.38 and a 12-month high of $19.84.

UiPath (NYSE:PATH) last released its earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. UiPath had a net margin of 14.79% and a return on equity of 3.73%. The firm had revenue of $411.11 million during the quarter, compared to analyst estimates of $392.46 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, research analysts anticipate that UiPath will post -0.17 earnings per share for the current fiscal year.

Insider Transactions at UiPath

In other news, CEO Daniel Dines sold 45,000 shares of the stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $15.01, for a total value of $675,450.00. Following the completion of the transaction, the chief executive officer directly owned 27,893,585 shares in the company, valued at $418,682,710.85. This trade represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ashim Gupta sold 67,468 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $16.10, for a total transaction of $1,086,234.80. Following the transaction, the chief financial officer owned 557,028 shares in the company, valued at $8,968,150.80. This represents a 10.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,040,048 shares of company stock worth $17,290,244 over the last 90 days. 23.19% of the stock is owned by insiders.

Institutional Trading of UiPath

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Hudson Bay Capital Management LP bought a new position in UiPath during the second quarter valued at about $102,559,000. Norges Bank bought a new stake in UiPath in the second quarter worth about $68,451,000. AQR Capital Management LLC lifted its holdings in UiPath by 76.0% in the 2nd 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 during the last quarter. TFG Asset Management GP Ltd boosted its position in shares of UiPath by 53.3% during the 2nd quarter. TFG Asset Management GP Ltd now owns 13,722,244 shares of the company’s stock valued at $175,645,000 after purchasing an additional 4,772,244 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new position in shares of UiPath during the 2nd quarter valued at about $59,561,000. 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.