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

Shares of UiPath, Inc. (NYSE:PATH) have earned a consensus rating of “Hold” from the seventeen analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $14.3333.

A number of equities analysts have commented on the company. Morgan Stanley lowered their price objective on UiPath from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, May 29th. UBS Group upped their target price on UiPath from $12.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday. Weiss Ratings reissued a “hold (c-)” rating on shares of UiPath in a report on Friday, July 10th. Wall Street Zen cut UiPath from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, BMO Capital Markets dropped their price target on UiPath from $14.00 to $13.00 and set a “market perform” rating for the company in a research note on Monday, June 1st.

Insider Buying and Selling

In other UiPath news, CEO Daniel Dines sold 1,402,347 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $16.07, for a total value of $22,535,716.29. Following the transaction, the chief executive officer directly owned 26,491,238 shares of the company’s stock, valued at $425,714,194.66. This trade represents a 5.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.44% of the stock is currently owned by corporate insiders.

Institutional Trading of UiPath

A number of institutional investors and hedge funds have recently made changes to their positions in the company. DNB Asset Management AS increased its stake in UiPath by 266.4% in the fourth quarter. DNB Asset Management AS now owns 565,799 shares of the company’s stock valued at $9,273,000 after acquiring an additional 411,395 shares during the last quarter. BlackRock Inc. lifted its stake in UiPath by 7.2% during the second quarter. BlackRock Inc. now owns 46,153,124 shares of the company’s stock worth $501,684,000 after purchasing an additional 3,097,822 shares during the last quarter. Redwood Investment Management LLC acquired a new stake in shares of UiPath in the 2nd quarter valued at $1,183,000. First Trust Advisors LP boosted its holdings in shares of UiPath by 48.7% in the 1st quarter. First Trust Advisors LP now owns 1,624,148 shares of the company’s stock valued at $18,028,000 after purchasing an additional 532,157 shares in the last quarter. Finally, State of Michigan Retirement System bought a new position in shares of UiPath in the 1st quarter valued at $1,143,000. Institutional investors own 62.50% of the company’s stock.

UiPath Trading Up 2.8%

NYSE PATH opened at $18.65 on Tuesday. The company has a market cap of $9.66 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 2.18 and a beta of 0.96. The company has a 50 day moving average of $13.35 and a 200-day moving average of $11.78. UiPath has a 1-year low of $9.20 and a 1-year high of $19.84.

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.