UiPath (NYSE:PATH) Stock Price Down 2.6% – What’s Next?

UiPath Inc. (NYSE:PATH) dropped 2.6% on Monday . The company traded as low as $12.48 and last traded at $12.54. Approximately 2,106,023 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 9,588,192 shares. The stock had previously closed at $12.88.

Analyst Ratings Changes

Several research firms have weighed in on PATH. Barclays raised their price target on UiPath from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. BMO Capital Markets boosted their price target on shares of UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Morgan Stanley raised their price objective on shares of UiPath from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a research report on Thursday, December 19th. Finally, DA Davidson raised their price target on UiPath from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $17.50.

UiPath Trading Down 0.9 %

The business’s fifty day simple moving average is $13.44 and its 200-day simple moving average is $12.67. The firm has a market cap of $7.01 billion, a P/E ratio of -79.75 and a beta of 0.94.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Senvest Management LLC grew its position in shares of UiPath by 16.7% in the 3rd quarter. Senvest Management LLC now owns 10,894,483 shares of the company’s stock worth $139,449,000 after buying an additional 1,559,500 shares during the last quarter. Geode Capital Management LLC boosted its holdings in UiPath by 7.2% in the third quarter. Geode Capital Management LLC now owns 7,312,068 shares of the company’s stock valued at $93,619,000 after acquiring an additional 493,502 shares in the last quarter. Pacer Advisors Inc. bought a new stake in UiPath in the second quarter valued at $69,180,000. Jacobs Levy Equity Management Inc. increased its position in UiPath by 554.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,026,502 shares of the company’s stock valued at $51,539,000 after purchasing an additional 3,411,562 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in UiPath by 11.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,890,360 shares of the company’s stock worth $36,997,000 after purchasing an additional 291,171 shares in the last quarter. Hedge funds and other 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.