UiPath, Inc. (NYSE:PATH) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of UiPath, Inc. (NYSE:PATH – Get Free Report) have been given a consensus recommendation of “Hold” by the twenty-one analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $15.69.

Several research firms have issued reports on PATH. Oppenheimer restated a “market perform” rating on shares of UiPath in a report on Friday, September 4th. BMO Capital Markets reduced their price objective on shares of UiPath from $18.00 to $15.00 and set a “market perform” rating on the stock in a research note on Thursday, September 24th. DA Davidson reiterated an “underperform” rating and set a $10.00 price objective on shares of UiPath in a research report on Monday, September 28th. Wells Fargo & Company increased their price objective on shares of UiPath from $13.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Friday, September 4th. Finally, Mizuho lifted their target price on shares of UiPath from $12.00 to $14.00 and gave the stock a “neutral” rating in a research note on Friday, September 4th.

Check Out Our Latest Research Report on UiPath

Insider Activity

In other UiPath news, COO Ashim Gupta sold 66,052 shares of the stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $13.17, for a total transaction of $869,904.84. Following the completion of the sale, the chief operating officer directly owned 1,902,434 shares in the company, valued at approximately $25,055,055.78. This trade represents a 3.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brad Brubaker sold 27,404 shares of UiPath stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $13.63, for a total value of $373,516.52. Following the completion of the transaction, the insider directly owned 1,066,107 shares of the company’s stock, valued at approximately $14,531,038.41. This trade represents a 2.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 2,933,170 shares of company stock worth $43,170,188. 22.44% of the stock is owned by insiders.

Institutional Investors Weigh In On UiPath

A number of hedge funds have recently added to or reduced their stakes in PATH. First Citizens Bank & Trust Co. bought a new position in shares of UiPath during the 3rd quarter worth approximately $497,000. Acropolis Investment Management LLC acquired a new position in shares of UiPath during the 3rd quarter valued at $100,000. GAMMA Investing LLC lifted its position in shares of UiPath by 37.2% during the 3rd quarter. GAMMA Investing LLC now owns 14,048 shares of the company’s stock valued at $180,000 after acquiring an additional 3,809 shares during the period. CoreCap Advisors LLC boosted its stake in UiPath by 68.7% during the third quarter. CoreCap Advisors LLC now owns 2,679 shares of the company’s stock worth $34,000 after acquiring an additional 1,091 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in UiPath by 103.6% during the third quarter. Versant Capital Management Inc now owns 4,845 shares of the company’s stock worth $62,000 after acquiring an additional 2,465 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

UiPath Trading Up 2.1%

Shares of PATH stock opened at $13.39 on Wednesday. UiPath has a 1-year low of $9.20 and a 1-year high of $19.84. The stock has a market cap of $6.98 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 1.23 and a beta of 1.01. The stock has a 50-day moving average of $14.60 and a 200-day moving average of $12.42.

UiPath (NYSE:PATH – Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. UiPath had a return on equity of 9.70% and a net margin of 21.03%. The company had revenue of $410.26 million for the quarter, compared to analyst estimates of $397.77 million. During the same period in the previous year, the firm earned $0.15 earnings per share. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. Sell-side analysts forecast that UiPath will post 0.49 earnings per share for the current year.

UiPath Company Profile

(Get Free Report)

UiPath, Inc develops enterprise automation software that helps organizations automate repetitive, rules-based and increasingly complex business processes. Its platform combines robotic process automation with artificial intelligence, workflow orchestration, process mining, document processing and application integration capabilities.

The company’s products are designed to support the discovery, development, deployment and management of software robots and AI-powered automations across functions such as finance, customer service, human resources, information technology and operations.

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Analyst Recommendations for UiPath (NYSE:PATH)

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