UiPath (NYSE:PATH) Cut to “Buy” at Wall Street Zen

UiPath (NYSE:PATH) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Other analysts have also issued reports about the stock. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a research report on Thursday. Canaccord Genuity Group upped their target price on shares of UiPath from $15.00 to $19.00 and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Company raised their price target on shares of UiPath from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday. Cowen reissued a “hold” rating on shares of UiPath in a research report on Thursday. Finally, UBS Group reissued a “neutral” rating on shares of UiPath in a research note on Thursday. One research analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, UiPath presently has a consensus rating of “Reduce” and a consensus target price of $15.46.

UiPath Stock Performance

PATH opened at $18.67 on Friday. The company has a market cap of $9.91 billion, a price-to-earnings ratio of 44.45, a PEG ratio of 6.84 and a beta of 1.10. UiPath has a one year low of $9.38 and a one year high of $18.98. The business’s fifty day moving average is $14.93 and its two-hundred day moving average is $13.07.

UiPath (NYSE:PATH) last released its quarterly earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $411.11 million during the quarter, compared to the consensus estimate of $392.46 million. UiPath had a return on equity of 3.83% and a net margin of 14.79%.The business’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 EPS. On average, analysts predict that UiPath will post -0.17 EPS for the current fiscal year.

Insiders Place Their Bets

In other UiPath news, CEO Daniel Dines sold 45,000 shares of the company’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $15.07, for a total transaction of $678,150.00. Following the completion of the sale, the chief executive officer directly owned 29,288,585 shares in the company, valued at $441,378,975.95. This represents a 0.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Hitesh Ramani sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $15.47, for a total value of $77,350.00. Following the completion of the transaction, the chief accounting officer owned 182,776 shares in the company, valued at approximately $2,827,544.72. This trade represents a 2.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 2,319,002 shares of company stock valued at $34,094,875. Insiders own 23.19% of the company’s stock.

Institutional Trading of UiPath

Institutional investors and hedge funds have recently bought and sold shares of the business. Twin Peaks Wealth Advisors LLC acquired a new position in UiPath during the second quarter valued at approximately $28,000. AdvisorNet Financial Inc raised its stake in shares of UiPath by 320.4% in the 2nd quarter. AdvisorNet Financial Inc now owns 2,476 shares of the company’s stock valued at $32,000 after acquiring an additional 1,887 shares during the period. GAMMA Investing LLC raised its stake in shares of UiPath by 48.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,989 shares of the company’s stock valued at $38,000 after acquiring an additional 969 shares during the period. IFP Advisors Inc lifted its holdings in shares of UiPath by 508.0% during the 2nd quarter. IFP Advisors Inc now owns 3,283 shares of the company’s stock valued at $42,000 after acquiring an additional 2,743 shares in the last quarter. Finally, Brooklyn Investment Group boosted its position in UiPath by 314.3% during the 1st quarter. Brooklyn Investment Group now owns 4,508 shares of the company’s stock worth $46,000 after purchasing an additional 3,420 shares during the period. Institutional investors and hedge funds 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.