Wells Fargo & Company Lowers UiPath (NYSE:PATH) Price Target to $13.00

UiPath (NYSE:PATHGet Free Report) had its price target cut by equities research analysts at Wells Fargo & Company from $14.00 to $13.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 12.24% from the stock’s current price.

A number of other equities research analysts also recently commented on the company. Morgan Stanley cut their price objective on UiPath from $19.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of UiPath in a report on Monday, December 29th. Canaccord Genuity Group boosted their target price on UiPath from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Royal Bank Of Canada set a $14.00 target price on UiPath in a report on Wednesday, February 11th. Finally, Zacks Research lowered UiPath from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. Three research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, UiPath presently has a consensus rating of “Hold” and an average target price of $14.27.

Read Our Latest Research Report on PATH

UiPath Price Performance

NYSE PATH opened at $11.58 on Thursday. The company’s 50 day simple moving average is $12.97 and its 200 day simple moving average is $13.98. UiPath has a 12 month low of $9.38 and a 12 month high of $19.84. The company has a market capitalization of $6.19 billion, a P/E ratio of 22.27, a PEG ratio of 1.55 and a beta of 1.09.

UiPath (NYSE:PATHGet Free Report) last issued its earnings results on Wednesday, March 11th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. The firm had revenue of $481.11 million during the quarter, compared to analysts’ expectations of $464.81 million. UiPath had a net margin of 17.53% and a return on equity of 5.95%. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share. On average, analysts anticipate that UiPath will post -0.17 earnings per share for the current year.

Insider Buying and Selling at UiPath

In related news, CEO Daniel Dines sold 45,000 shares of the stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $15.01, for a total value of $675,450.00. Following the completion of the sale, the chief executive officer directly owned 27,893,585 shares of the company’s stock, valued at approximately $418,682,710.85. This 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 this hyperlink. Also, CFO Ashim Gupta sold 67,468 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $16.10, for a total value of $1,086,234.80. Following the sale, the chief financial officer owned 557,028 shares of the company’s stock, valued at $8,968,150.80. The trade was a 10.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 787,468 shares of company stock valued at $12,862,285. 23.19% of the stock is currently owned by insiders.

Institutional Trading of UiPath

A number of hedge funds have recently made changes to their positions in the stock. Corient Private Wealth LLC boosted its holdings in shares of UiPath by 5.6% during the fourth quarter. Corient Private Wealth LLC now owns 27,283 shares of the company’s stock worth $447,000 after purchasing an additional 1,455 shares during the period. Avory & Company LLC purchased a new position in UiPath during the fourth quarter valued at approximately $275,000. Invesco Ltd. increased its stake in UiPath by 32.1% in the 4th quarter. Invesco Ltd. now owns 1,202,277 shares of the company’s stock valued at $19,705,000 after buying an additional 292,134 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in UiPath by 31.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 38,330 shares of the company’s stock worth $619,000 after buying an additional 9,151 shares in the last quarter. Finally, Skyview Financial Group LLC purchased a new stake in UiPath in the 4th quarter worth approximately $2,794,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Key UiPath News

Here are the key news stories impacting UiPath this week:

About UiPath

(Get Free Report)

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.

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Analyst Recommendations for UiPath (NYSE:PATH)

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