UiPath, Inc. (NYSE:PATH) Receives Consensus Recommendation of “Hold” from Brokerages

UiPath, Inc. (NYSE:PATH) has received a consensus rating of “Hold” from the seventeen research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $15.7692.

PATH has been the topic of a number of research reports. BMO Capital Markets raised their price objective on UiPath from $13.00 to $17.00 and gave the company a “market perform” rating in a report on Thursday, December 4th. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a research report on Thursday, December 4th. Zacks Research lowered shares of UiPath from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Wells Fargo & Company increased their target price on shares of UiPath from $12.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday, December 4th. Finally, Canaccord Genuity Group lifted their target price on shares of UiPath from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th.

Insider Transactions 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 transaction of $675,450.00. Following the completion of the sale, the chief executive officer directly owned 27,893,585 shares in the company, valued at $418,682,710.85. This represents a 0.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 stock was sold at an average price of $16.10, for a total value of $1,086,234.80. Following the transaction, the chief financial officer owned 557,028 shares in the company, valued at approximately $8,968,150.80. The trade was a 10.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 950,048 shares of company stock valued at $15,881,744. 23.19% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On UiPath

Institutional investors and hedge funds have recently bought and sold shares of the business. Noble Wealth Management PBC purchased a new position in shares of UiPath during the fourth quarter valued at approximately $25,000. HighMark Wealth Management LLC bought a new stake in UiPath in the fourth quarter valued at $25,000. Raleigh Capital Management Inc. purchased a new position in UiPath during the 4th quarter valued at $26,000. Twin Peaks Wealth Advisors LLC bought a new position in UiPath in the 2nd quarter worth $28,000. Finally, TD Waterhouse Canada Inc. lifted its position in shares of UiPath by 1,270.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock worth $29,000 after purchasing an additional 1,652 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

UiPath Stock Performance

UiPath stock opened at $11.23 on Friday. UiPath has a fifty-two week low of $9.38 and a fifty-two week high of $19.84. The stock has a market cap of $6.00 billion, a P/E ratio of 26.73, a price-to-earnings-growth ratio of 1.52 and a beta of 1.07. The firm’s fifty day moving average price is $14.69 and its 200-day moving average price is $13.96.

UiPath (NYSE:PATH) last released its earnings results 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 business had revenue of $411.11 million for the quarter, compared to analysts’ expectations of $392.46 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The firm’s revenue was up 15.9% on a year-over-year basis. On average, analysts predict that UiPath will post -0.17 earnings per share for the current year.

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. 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.