UiPath Inc. (NYSE:PATH) Receives Average Rating of “Hold” from Analysts

Shares of UiPath Inc. (NYSE:PATH) have been assigned an average recommendation of “Hold” from the nineteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $13.62.

A number of research firms have weighed in on PATH. Bank of America reissued an “underperform” rating and set a $10.00 target price (down previously from $18.00) on shares of UiPath in a research report on Thursday, March 13th. Royal Bank of Canada restated a “sector perform” rating and set a $13.00 target price on shares of UiPath in a research note on Wednesday. Needham & Company LLC reaffirmed a “hold” rating on shares of UiPath in a research report on Wednesday. Canaccord Genuity Group reduced their price objective on UiPath from $19.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Finally, Barclays dropped their target price on shares of UiPath from $15.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th.

UiPath Trading Down 1.7 %

Shares of UiPath stock opened at $10.69 on Tuesday. UiPath has a 1-year low of $9.50 and a 1-year high of $22.83. The firm has a fifty day simple moving average of $12.89 and a 200-day simple moving average of $13.04. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of -66.78 and a beta of 1.00.

Insider Activity at UiPath

In related news, CFO Ashim Gupta sold 47,227 shares of the business’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $13.06, for a total value of $616,784.62. Following the sale, the chief financial officer now owns 856,538 shares of the company’s stock, valued at $11,186,386.28. The trade was a 5.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Hitesh Ramani sold 25,000 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $13.05, for a total value of $326,250.00. Following the completion of the sale, the chief accounting officer now owns 269,421 shares in the company, valued at $3,515,944.05. This trade represents a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by insiders.

Hedge Funds Weigh In On UiPath

Several institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in UiPath by 88.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock valued at $31,000 after purchasing an additional 1,152 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in UiPath by 47.8% in the fourth quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock worth $32,000 after purchasing an additional 804 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of UiPath by 141.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company’s stock worth $38,000 after purchasing an additional 1,742 shares during the last quarter. V Square Quantitative Management LLC increased its stake in shares of UiPath by 33.4% in the fourth quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company’s stock valued at $39,000 after buying an additional 759 shares in the last quarter. Finally, Quarry LP raised its holdings in shares of UiPath by 654.4% in the third quarter. Quarry LP now owns 3,146 shares of the company’s stock valued at $40,000 after buying an additional 2,729 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

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.