UiPath (NYSE:PATH) Given New $15.00 Price Target at Royal Bank Of Canada

UiPath (NYSE:PATH) had its target price reduced by stock analysts at Royal Bank Of Canada from $17.00 to $15.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 13.11% from the company’s current price.

Other analysts have also recently issued research reports about the stock. UBS Group set a $16.00 price target on shares of UiPath in a research note on Friday, September 4th. HC Wainwright restated a “buy” rating on shares of UiPath in a research note on Friday, September 4th. New Street Research set a $13.00 price objective on shares of UiPath in a report on Monday, June 1st. Oppenheimer restated a “market perform” rating on shares of UiPath in a research note on Friday, September 4th. Finally, TD Cowen upped their price objective on shares of UiPath from $13.00 to $16.00 and gave the company a “hold” rating in a research note on Friday, September 4th. Three research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $16.56.

UiPath Trading Down 2.4%

Shares of NYSE:PATH opened at $13.26 on Wednesday. The company’s 50 day moving average is $14.49 and its 200 day moving average is $12.22. The company has a market cap of $6.91 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 1.33 and a beta of 1.02. UiPath has a twelve month low of $9.20 and a twelve month high of $19.84.

UiPath (NYSE:PATH) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. UiPath had a return on equity of 9.70% and a net margin of 21.03%.The company had revenue of $410.26 million during the quarter, compared to analysts’ expectations of $397.77 million. During the same period last year, the business earned $0.15 earnings per share. UiPath’s quarterly revenue was up 13.3% on a year-over-year basis. Equities research analysts predict that UiPath will post 0.47 earnings per share for the current fiscal year.

Insider Activity at UiPath

In other UiPath news, COO Ashim Gupta sold 117,339 shares of UiPath stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $13.85, for a total value of $1,625,145.15. Following the sale, the chief operating officer owned 2,037,377 shares of the company’s stock, valued at approximately $28,217,671.45. The trade was a 5.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Raghavendra Malpani sold 40,464 shares of the firm’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $14.00, for a total value of $566,496.00. Following the completion of the sale, the insider directly owned 1,582,213 shares of the company’s stock, valued at $22,150,982. This represents a 2.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,560,150 shares of company stock worth $24,727,357 over the last 90 days. Company insiders own 22.44% of the company’s stock.

Hedge Funds Weigh In On UiPath

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of UiPath by 7.2% in the second quarter. BlackRock Inc. now owns 46,153,124 shares of the company’s stock valued at $501,684,000 after purchasing an additional 3,097,822 shares during the period. State Street Corp boosted its holdings in UiPath by 3.6% during the second quarter. State Street Corp now owns 13,832,188 shares of the company’s stock worth $150,356,000 after buying an additional 486,007 shares in the last quarter. Bank of America Corp DE grew its position in UiPath by 13.2% during the first quarter. Bank of America Corp DE now owns 10,046,699 shares of the company’s stock worth $111,518,000 after buying an additional 1,170,285 shares during the period. Geode Capital Management LLC increased its holdings in UiPath by 25.6% in the fourth quarter. Geode Capital Management LLC now owns 7,499,989 shares of the company’s stock valued at $122,951,000 after buying an additional 1,528,454 shares in the last quarter. Finally, Norges Bank purchased a new position in UiPath in the fourth quarter valued at about $120,176,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

UiPath News Summary

Here are the key news stories impacting UiPath this week:

• Positive Sentiment: Needham reaffirmed its “Buy” rating and $22 price target, implying substantial upside from recent trading levels. The bullish view provides support for PATH and reflects confidence in UiPath’s long-term growth prospects. Benzinga analyst rating article
• Positive Sentiment: Some valuation analysis suggests UiPath may be undervalued based on its cash-flow potential. The company also trades at a lower earnings multiple than the S&P 500 median despite its software growth profile. UiPath stock valuation article
• Positive Sentiment: Technical commentary points to a potential breakout after recent consolidation below $14, while UiPath’s agentic automation and enterprise RPA positioning continue to attract investor attention. UiPath breakout signal article
• Neutral Sentiment: UiPath’s Analyst/Investor Day slideshow offers investors additional information on its strategy and outlook, but the available report does not identify a specific new financial catalyst. UiPath Analyst Investor Day slideshow
• Negative Sentiment: Investors remain concerned that artificial intelligence could eventually pressure UiPath’s traditional automation business, even though current operating results have not yet shown a material impact. The stock has pulled back sharply from its recent high, increasing focus on this risk. UiPath AI risk and valuation article
• Negative Sentiment: CTO Raghavendra Malpani sold 40,464 shares for approximately $566,000, reducing his direct ownership by 2.49%. While the sale is modest relative to his remaining stake, insider selling can weigh on sentiment. UiPath insider sale report

About UiPath

UiPath Inc (NYSE: PATH) develops enterprise automation software designed to help organizations automate repetitive, rules-based and increasingly complex business processes. Its platform combines robotic process automation (RPA), artificial intelligence, workflow orchestration and process intelligence to support automation across areas such as finance, customer service, human resources, information technology and operations.

The UiPath Platform includes tools for discovering and analyzing business processes, building and managing software robots, processing documents, testing applications and coordinating automated workflows.