UiPath, Inc. (NYSE:PATH) Receives $16.00 Average Target Price from Analysts

UiPath, Inc. (NYSE:PATHGet Free Report) has earned an average recommendation of “Hold” from the seventeen brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $16.00.

PATH has been the subject of a number of recent research reports. Needham & Company LLC reissued a “hold” rating on shares of UiPath in a report on Thursday, December 4th. Zacks Research upgraded UiPath from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Wall Street Zen cut UiPath from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Canaccord Genuity Group lifted their price objective on shares of UiPath from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Finally, TD Cowen reiterated a “hold” rating on shares of UiPath in a report on Thursday, December 4th.

View Our Latest Stock Report on UiPath

Key Headlines Impacting UiPath

Here are the key news stories impacting UiPath this week:

Insider Activity at UiPath

In other news, CFO Ashim Gupta sold 67,468 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $16.10, for a total value 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Daniel Dines sold 45,000 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $19.21, for a total value of $864,450.00. Following the sale, the chief executive officer directly owned 29,153,585 shares of the company’s stock, valued at $560,040,367.85. The trade was a 0.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,085,048 shares of company stock worth $18,132,194. Insiders own 23.19% of the company’s stock.

Institutional Investors Weigh In On UiPath

Hedge funds have recently made changes to their positions in the business. Royal Bank of Canada grew its position in UiPath by 8.4% during the first quarter. Royal Bank of Canada now owns 140,774 shares of the company’s stock valued at $1,450,000 after buying an additional 10,872 shares during the period. Woodline Partners LP grew its position in shares of UiPath by 69.6% during the 1st quarter. Woodline Partners LP now owns 22,566 shares of the company’s stock valued at $232,000 after acquiring an additional 9,257 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of UiPath by 5.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,477,730 shares of the company’s stock valued at $15,221,000 after acquiring an additional 75,737 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of UiPath during the 2nd quarter worth approximately $169,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of UiPath by 85.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 229,471 shares of the company’s stock worth $3,050,000 after purchasing an additional 105,633 shares during the period. 62.50% of the stock is currently owned by institutional investors.

UiPath Trading Down 2.3%

Shares of PATH stock opened at $14.81 on Monday. The firm has a fifty day simple moving average of $15.77 and a two-hundred day simple moving average of $13.96. UiPath has a 12 month low of $9.38 and a 12 month high of $19.84. The firm has a market capitalization of $7.92 billion, a PE ratio of 35.25, a price-to-earnings-growth ratio of 4.44 and a beta of 1.08.

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

UiPath Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for UiPath (NYSE:PATH)

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