UiPath Inc. (NYSE:PATH) Given Average Rating of "Hold" by Analysts

UiPath Inc. (NYSE:PATH - Get Free Report) has been assigned a consensus recommendation of "Hold" from the nineteen analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $17.44.

PATH has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their price target on shares of UiPath from $17.00 to $18.00 and gave the company an "overweight" rating in a report on Friday, December 6th. UBS Group began coverage on UiPath in a report on Thursday, December 12th. They issued a "sell" rating and a $14.00 price target on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $16.00 price objective on shares of UiPath in a research report on Friday, December 6th. Needham & Company LLC reiterated a "hold" rating on shares of UiPath in a research report on Wednesday, January 15th. Finally, Morgan Stanley raised their price target on shares of UiPath from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Friday, December 6th.

Insiders Place Their Bets

In other UiPath news, CFO Ashim Gupta sold 47,227 shares of UiPath stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $13.06, for a total transaction of $616,784.62. Following the sale, the chief financial officer now owns 856,538 shares of the company's stock, valued at $11,186,386.28. The trade was a 5.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Hitesh Ramani sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $13.05, for a total transaction of $326,250.00. Following the transaction, the chief accounting officer now owns 269,421 shares in the company, valued at $3,515,944.05. This represents a 8.49 % decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by insiders.

Institutional Investors Weigh In On UiPath

Several hedge funds have recently modified their holdings of PATH. Jacobs Levy Equity Management Inc. raised its position in shares of UiPath by 554.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 4,026,502 shares of the company's stock valued at $51,539,000 after purchasing an additional 3,411,562 shares during the period. Senvest Management LLC grew its stake in UiPath by 16.7% in the 3rd quarter. Senvest Management LLC now owns 10,894,483 shares of the company's stock valued at $139,449,000 after buying an additional 1,559,500 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in UiPath in the 3rd quarter worth $19,071,000. Assenagon Asset Management S.A. grew its position in UiPath by 314.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 679,651 shares of the company's stock worth $8,700,000 after purchasing an additional 515,728 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in UiPath by 7.2% in the 3rd quarter. Geode Capital Management LLC now owns 7,312,068 shares of the company's stock worth $93,619,000 after purchasing an additional 493,502 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

UiPath Stock Performance

Shares of PATH traded down $0.19 during midday trading on Monday, hitting $14.10. 3,953,412 shares of the company traded hands, compared to its average volume of 8,609,298. The firm has a 50 day moving average of $13.76 and a 200-day moving average of $12.94. UiPath has a 52 week low of $10.37 and a 52 week high of $27.87. The stock has a market cap of $7.75 billion, a price-to-earnings ratio of -88.28 and a beta of 0.98.

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.