UiPath, Inc. (NYSE:PATH) Receives $13.71 Consensus PT from Analysts

UiPath, Inc. (NYSE:PATH) has received a consensus recommendation of “Hold” from the eighteen research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $13.7143.

A number of brokerages have issued reports on PATH. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a research report on Friday, September 5th. Cowen reiterated a “hold” rating on shares of UiPath in a research note on Friday, September 5th. Wall Street Zen raised UiPath from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 15th. BMO Capital Markets increased their price target on UiPath from $12.50 to $13.00 and gave the company a “market perform” rating in a research note on Thursday, October 2nd. Finally, Truist Financial lowered their target price on UiPath from $13.00 to $12.00 and set a “hold” rating on the stock in a report on Friday, September 5th.

Insider Activity at UiPath

In other UiPath news, CFO Ashim Gupta sold 240,874 shares of UiPath stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $17.28, for a total value of $4,162,302.72. Following the transaction, the chief financial officer owned 696,117 shares in the company, valued at approximately $12,028,901.76. The trade was a 25.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Daniel Dines sold 122,734 shares of the company’s stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $14.89, for a total value of $1,827,509.26. Following the completion of the transaction, the chief executive officer directly owned 613,670 shares in the company, valued at $9,137,546.30. This represents a 16.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,319,002 shares of company stock worth $34,094,875 in the last ninety days. Corporate insiders own 23.19% of the company’s stock.

Hedge Funds Weigh In On UiPath

A number of hedge funds have recently modified their holdings of PATH. Vanguard Group Inc. lifted its holdings in shares of UiPath by 3.0% during the first quarter. Vanguard Group Inc. now owns 48,061,096 shares of the company’s stock valued at $495,029,000 after purchasing an additional 1,396,972 shares during the last quarter. TFG Asset Management GP Ltd lifted its stake in UiPath by 53.3% during the second quarter. TFG Asset Management GP Ltd now owns 13,722,244 shares of the company’s stock valued at $175,645,000 after buying an additional 4,772,244 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of UiPath by 76.0% in the second quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock worth $145,732,000 after buying an additional 4,926,341 shares during the period. Federated Hermes Inc. raised its holdings in shares of UiPath by 40.7% during the second quarter. Federated Hermes Inc. now owns 8,048,321 shares of the company’s stock valued at $103,019,000 after acquiring an additional 2,328,225 shares during the period. Finally, State Street Corp raised its holdings in shares of UiPath by 5.0% during the second quarter. State Street Corp now owns 8,032,345 shares of the company’s stock valued at $102,814,000 after acquiring an additional 378,851 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

UiPath Trading Up 1.4%

NYSE PATH opened at $14.32 on Friday. The company has a 50-day moving average price of $14.62 and a two-hundred day moving average price of $12.97. UiPath has a 52 week low of $9.38 and a 52 week high of $18.74. The stock has a market cap of $7.60 billion, a price-to-earnings ratio of 477.20, a price-to-earnings-growth ratio of 5.22 and a beta of 1.10.

UiPath (NYSE:PATH) last released its quarterly earnings results on Thursday, September 4th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. UiPath had a return on equity of 1.28% and a net margin of 1.35%.The company had revenue of $361.73 million for the quarter, compared to analysts’ expectations of $347.36 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. As a group, equities research analysts expect that UiPath will post -0.17 earnings per share for the current fiscal year.

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.