UiPath (NYSE:PATH) Downgraded by Wall Street Zen to “Buy”

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

Several other research firms also recently weighed in on PATH. Evercore lifted their target price on shares of UiPath from $15.00 to $17.00 and gave the stock an “in-line” rating in a research report on Thursday, December 4th. Barclays raised their price objective on shares of UiPath from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Monday, January 12th. Needham & Company LLC upgraded shares of UiPath from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Thursday, March 12th. Mizuho cut their target price on shares of UiPath from $15.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, March 12th. Finally, William Blair restated a “hold” rating on shares of UiPath in a report on Thursday, March 12th. Three investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, UiPath has an average rating of “Hold” and a consensus target price of $14.07.

UiPath Stock Down 3.1%

NYSE:PATH opened at $10.70 on Friday. UiPath has a 1-year low of $9.38 and a 1-year high of $19.84. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 1.81 and a beta of 1.09. The stock has a fifty day simple moving average of $12.05 and a 200 day simple moving average of $14.01.

UiPath (NYSE:PATH) last posted its quarterly earnings data on Wednesday, March 11th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.05. UiPath had a return on equity of 5.69% and a net margin of 17.53%.The firm had revenue of $481.11 million for the quarter, compared to the consensus estimate of $464.81 million. During the same quarter in the previous year, the company earned $0.26 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. Equities analysts predict that UiPath will post -0.17 earnings per share for the current year.

Insider Activity at UiPath

In related news, CFO Ashim Gupta sold 67,468 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 557,028 shares in the company, valued at approximately $8,968,150.80. This trade represents a 10.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Daniel Dines sold 45,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 27,893,585 shares in the company, valued at $418,682,710.85. The trade was a 0.16% 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 517,468 shares of company stock valued at $8,372,185. 23.19% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On UiPath

A number of hedge funds have recently modified their holdings of PATH. Hudson Bay Capital Management LP acquired a new stake in UiPath during the second quarter valued at $102,559,000. Norges Bank acquired a new position in UiPath in the 4th quarter worth about $120,176,000. State Street Corp raised its stake in shares of UiPath by 66.4% during the 4th quarter. State Street Corp now owns 13,004,786 shares of the company’s stock worth $213,148,000 after purchasing an additional 5,189,438 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of UiPath by 76.0% during the 2nd quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock worth $145,732,000 after purchasing an additional 4,926,341 shares in the last quarter. Finally, TFG Asset Management GP Ltd lifted its holdings in shares of UiPath by 53.3% during the 2nd 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 during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

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. 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.