UiPath, Inc. (NYSE:PATH) Receives Average Recommendation of “Hold” from Brokerages

UiPath, Inc. (NYSE:PATH) has been given a consensus rating of “Hold” by the seventeen analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $15.7692.

A number of research firms recently weighed in on PATH. Weiss Ratings reissued a “hold (c)” rating on shares of UiPath in a report on Monday, December 29th. Mizuho increased their price objective on shares of UiPath from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Wall Street Zen downgraded shares of UiPath from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 8th. Royal Bank Of Canada set a $14.00 price target on shares of UiPath in a report on Wednesday. Finally, DA Davidson lifted their price target on UiPath from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th.

Insider Activity at UiPath

In other UiPath news, CFO Ashim Gupta sold 67,468 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $16.10, for a total transaction of $1,086,234.80. Following the transaction, the chief financial officer 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $19.21, for a total transaction of $864,450.00. Following the transaction, the chief executive officer directly owned 29,153,585 shares of the company’s stock, valued at approximately $560,040,367.85. This represents a 0.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 950,048 shares of company stock worth $15,881,744. Corporate insiders own 23.19% of the company’s stock.

Institutional Trading of UiPath

Institutional investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. increased its position in UiPath by 23.8% during the 3rd quarter. D.A. Davidson & CO. now owns 752,448 shares of the company’s stock valued at $10,068,000 after purchasing an additional 144,832 shares during the period. Jackson Creek Investment Advisors LLC bought a new position in shares of UiPath during the third quarter valued at approximately $1,579,000. AlphaQuest LLC increased its holdings in UiPath by 863.9% during the second quarter. AlphaQuest LLC now owns 42,847 shares of the company’s stock valued at $548,000 after buying an additional 38,402 shares during the period. Russell Investments Group Ltd. raised its stake in UiPath by 7.3% in the second quarter. Russell Investments Group Ltd. now owns 1,445,644 shares of the company’s stock worth $18,448,000 after buying an additional 98,058 shares in the last quarter. Finally, CWM LLC lifted its holdings in UiPath by 96.2% during the second quarter. CWM LLC now owns 312,073 shares of the company’s stock worth $3,995,000 after buying an additional 152,988 shares during the period. Institutional investors own 62.50% of the company’s stock.

UiPath Stock Down 4.3%

Shares of UiPath stock opened at $11.19 on Friday. UiPath has a twelve month low of $9.38 and a twelve month high of $19.84. The business has a 50-day moving average price of $15.44 and a 200-day moving average price of $13.98. The firm has a market cap of $5.98 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 1.65 and a beta of 1.07.

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

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.