UiPath, Inc. (NYSE:PATH – Get Free Report) has been given a consensus recommendation of “Hold” by the seventeen brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, fourteen have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $13.80.
A number of research firms recently weighed in on PATH. Needham & Company LLC reissued a “buy” rating and set a $15.00 target price on shares of UiPath in a report on Friday, May 29th. DA Davidson reduced their price objective on shares of UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, May 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of UiPath in a research report on Friday, July 10th. BMO Capital Markets decreased their price objective on shares of UiPath from $14.00 to $13.00 and set a “market perform” rating on the stock in a report on Monday, June 1st. Finally, Wall Street Zen lowered shares of UiPath from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th.
Read Our Latest Stock Analysis on PATH
UiPath Stock Performance
UiPath (NYSE:PATH – Get Free Report) last released its quarterly earnings data on Thursday, May 28th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. UiPath had a return on equity of 7.92% and a net margin of 19.58%.The firm had revenue of $418.38 million for the quarter, compared to analyst estimates of $397.54 million. During the same quarter in the prior year, the company earned $0.11 earnings per share. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. Research analysts forecast that UiPath will post 0.4 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. lifted its position in UiPath by 1.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 37,871 shares of the company’s stock worth $621,000 after acquiring an additional 720 shares during the last quarter. Meeder Advisory Services Inc. grew its position in shares of UiPath by 7.6% in the fourth quarter. Meeder Advisory Services Inc. now owns 12,132 shares of the company’s stock valued at $199,000 after purchasing an additional 861 shares during the last quarter. Pasadena Private Wealth LLC grew its position in shares of UiPath by 9.0% in the first quarter. Pasadena Private Wealth LLC now owns 12,750 shares of the company’s stock valued at $142,000 after purchasing an additional 1,050 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of UiPath by 36.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 4,968 shares of the company’s stock valued at $81,000 after purchasing an additional 1,329 shares during the last quarter. Finally, Corient Private Wealth LLC increased its stake in shares of UiPath by 5.6% during the fourth quarter. Corient Private Wealth LLC now owns 27,283 shares of the company’s stock worth $447,000 after purchasing an additional 1,455 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.
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.
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