UiPath (NYSE:PATH) Stock Price Down 0.2% – Should You Sell?

UiPath Inc. (NYSE:PATH)’s share price dropped 0.2% during mid-day trading on Tuesday . The company traded as low as $12.62 and last traded at $12.71. Approximately 1,114,704 shares changed hands during trading, a decline of 88% from the average daily volume of 9,570,938 shares. The stock had previously closed at $12.74.

Wall Street Analysts Forecast Growth

PATH has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Wells Fargo & Company lowered their price objective on UiPath from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. TD Cowen lowered their price target on shares of UiPath from $17.00 to $16.00 and set a “hold” rating on the stock in a research report on Friday, September 6th. Bank of America increased their target price on shares of UiPath from $16.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Finally, Morgan Stanley increased their price target on UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, UiPath presently has an average rating of “Hold” and a consensus price target of $17.50.

UiPath Trading Down 0.2 %

The business has a 50-day moving average of $13.45 and a two-hundred day moving average of $12.69. The firm has a market cap of $6.99 billion, a P/E ratio of -79.44 and a beta of 0.94.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in shares of UiPath by 10.5% in the third quarter. Principal Financial Group Inc. now owns 36,685 shares of the company’s stock worth $470,000 after purchasing an additional 3,477 shares during the last quarter. Sanctuary Advisors LLC grew its position in shares of UiPath by 236.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 41,098 shares of the company’s stock valued at $526,000 after buying an additional 28,865 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of 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 buying an additional 493,502 shares during the period. M&T Bank Corp raised its position in shares of UiPath by 60.1% during the third quarter. M&T Bank Corp now owns 31,791 shares of the company’s stock worth $407,000 after acquiring an additional 11,940 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of UiPath by 61.9% in the third quarter. Public Employees Retirement System of Ohio now owns 240,123 shares of the company’s stock worth $3,074,000 after acquiring an additional 91,788 shares during the period. Institutional investors and hedge funds 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.