UiPath (NYSE:PATH) Rating Increased to Strong-Buy at Wall Street Zen

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

Several other research firms have also issued reports on PATH. BMO Capital Markets lifted their price target on UiPath from $13.00 to $17.00 and gave the stock a “market perform” rating in a research report on Thursday, December 4th. UBS Group reiterated a “neutral” rating on shares of UiPath in a research note on Thursday, December 4th. Barclays increased their price target on shares of UiPath from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Monday, January 12th. Wells Fargo & Company boosted their price objective on shares of UiPath from $12.00 to $14.00 and gave the stock an “equal weight” rating in a report on Thursday, December 4th. Finally, TD Cowen reiterated a “hold” rating on shares of UiPath in a research note on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $16.00.

UiPath Stock Down 5.2%

Shares of PATH opened at $12.57 on Friday. The stock has a market cap of $6.72 billion, a P/E ratio of 29.92, a P/E/G ratio of 3.89 and a beta of 1.08. The business’s 50 day moving average price is $15.82 and its 200-day moving average price is $13.99. UiPath has a 52 week low of $9.38 and a 52 week high of $19.84.

UiPath (NYSE:PATH) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. UiPath had a return on equity of 3.73% and a net margin of 14.79%.The business had revenue of $411.11 million during the quarter, compared to analysts’ expectations of $392.46 million. During the same quarter in the previous year, the business earned $0.11 earnings per share. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, equities analysts anticipate that UiPath will post -0.17 EPS for the current year.

Insider Activity at UiPath

In other UiPath news, CEO Daniel Dines sold 45,000 shares of the business’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $15.01, for a total transaction of $675,450.00. Following the completion of the sale, the chief executive officer directly owned 27,893,585 shares in the company, valued at approximately $418,682,710.85. The trade was a 0.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ashim Gupta sold 67,468 shares of the stock in a transaction on Monday, January 5th. The shares were sold at an average price of $16.10, for a total value of $1,086,234.80. Following the transaction, the chief financial officer directly owned 557,028 shares in the company, valued at $8,968,150.80. The trade was a 10.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,040,048 shares of company stock worth $17,290,244 in the last 90 days. 23.19% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Noble Wealth Management PBC bought a new stake in shares of UiPath during the 4th quarter valued at about $25,000. Raleigh Capital Management Inc. bought a new stake in UiPath during the fourth quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in UiPath during the second quarter valued at approximately $28,000. TD Waterhouse Canada Inc. increased its holdings in UiPath by 1,270.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock valued at $29,000 after buying an additional 1,652 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in UiPath by 48.0% in the second quarter. GAMMA Investing LLC now owns 2,989 shares of the company’s stock worth $38,000 after acquiring an additional 969 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

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. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric.