UiPath Inc. (NYSE:PATH) Receives Average Recommendation of "Hold" from Analysts

Shares of UiPath Inc. (NYSE:PATH - Get Free Report) have been assigned an average recommendation of "Hold" from the nineteen ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, sixteen have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $17.44.

A number of equities analysts recently issued reports on PATH shares. Needham & Company LLC reiterated a "hold" rating on shares of UiPath in a research report on Wednesday, January 15th. Barclays cut their target price on shares of UiPath from $16.00 to $15.00 and set an "equal weight" rating for the company in a research report on Friday, January 10th. Wells Fargo & Company cut their price target on shares of UiPath from $15.00 to $13.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 23rd. Morgan Stanley lifted their target price on UiPath from $15.00 to $16.00 and gave the company an "equal weight" rating in a research note on Friday, December 6th. Finally, BMO Capital Markets boosted their price objective on UiPath from $15.00 to $16.00 and gave the company a "market perform" rating in a research report on Friday, December 6th.

UiPath Stock Performance

Shares of UiPath stock traded down $0.60 during trading hours on Monday, reaching $14.28. The company's stock had a trading volume of 6,605,478 shares, compared to its average volume of 8,807,836. The stock has a market cap of $7.85 billion, a P/E ratio of -89.27 and a beta of 0.98. UiPath has a one year low of $10.37 and a one year high of $27.87. The company's 50 day simple moving average is $13.76 and its 200 day simple moving average is $12.94.

Insider Buying and Selling at UiPath

In other UiPath news, CAO Hitesh Ramani sold 25,000 shares of the stock in a transaction 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 directly owns 269,421 shares of the company's stock, valued at $3,515,944.05. This trade represents a 8.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Ashim Gupta sold 47,227 shares of UiPath stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $13.06, for a total transaction of $616,784.62. Following the sale, the chief financial officer now directly owns 856,538 shares in the company, valued at approximately $11,186,386.28. The trade was a 5.23 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 22.37% of the company's stock.

Hedge Funds Weigh In On UiPath

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PATH. Vestmark Advisory Solutions Inc. grew its stake in UiPath by 27.6% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 353,993 shares of the company's stock worth $4,499,000 after purchasing an additional 76,647 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of UiPath in the fourth quarter worth approximately $5,506,000. Proficio Capital Partners LLC acquired a new position in shares of UiPath during the 4th quarter worth $307,000. Steward Partners Investment Advisory LLC raised its holdings in UiPath by 99.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,807 shares of the company's stock worth $74,000 after acquiring an additional 2,900 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in UiPath during the fourth quarter worth about $299,000. Institutional investors and hedge funds own 62.50% of the company's stock.

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.