UiPath (NYSE:PATH) Price Target Lowered to $15.00 at Barclays

UiPath (NYSE:PATH) had its price objective dropped by equities researchers at Barclays from $16.00 to $15.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 15.65% from the company’s previous close.

Several other research firms have also commented on PATH. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a research report on Thursday, December 19th. Royal Bank of Canada restated a “sector perform” rating and issued a $16.00 target price on shares of UiPath in a report on Friday, December 6th. BMO Capital Markets raised their target price on shares of UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Wells Fargo & Company lowered their target price on shares of UiPath from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. raised 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. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $17.44.

UiPath Stock Down 3.4 %

PATH stock opened at $12.97 on Friday. UiPath has a 52 week low of $10.37 and a 52 week high of $27.87. The company has a fifty day simple moving average of $13.56 and a two-hundred day simple moving average of $12.77. The firm has a market capitalization of $7.13 billion, a P/E ratio of -81.06 and a beta of 0.96.

Insider Buying and Selling at UiPath

In other UiPath news, CFO Ashim Gupta sold 47,227 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $13.06, for a total transaction of $616,784.62. Following the transaction, the chief financial officer now owns 856,538 shares of the company’s stock, valued at approximately $11,186,386.28. This trade represents a 5.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $13.05, for a total transaction of $326,250.00. Following the completion of the transaction, the chief accounting officer now directly owns 269,421 shares in the company, valued at approximately $3,515,944.05. The trade was a 8.49 % decrease in their position. The disclosure for this sale can be found here. Insiders own 22.37% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PATH. Commonwealth Equity Services LLC grew its position in shares of UiPath by 5.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 107,468 shares of the company’s stock worth $1,363,000 after buying an additional 5,742 shares during the last quarter. Rhumbline Advisers boosted its stake in UiPath by 2.6% in the 2nd quarter. Rhumbline Advisers now owns 511,011 shares of the company’s stock worth $6,480,000 after purchasing an additional 12,836 shares in the last quarter. TD Asset Management Inc boosted its stake in UiPath by 11.8% in the 2nd quarter. TD Asset Management Inc now owns 32,200 shares of the company’s stock worth $408,000 after purchasing an additional 3,400 shares in the last quarter. Acadian Asset Management LLC boosted its stake in UiPath by 302.2% in the 2nd quarter. Acadian Asset Management LLC now owns 183,801 shares of the company’s stock worth $2,328,000 after purchasing an additional 138,101 shares in the last quarter. Finally, Royal London Asset Management Ltd. boosted its stake in UiPath by 7.7% in the 2nd quarter. Royal London Asset Management Ltd. now owns 146,085 shares of the company’s stock worth $1,852,000 after purchasing an additional 10,442 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

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.