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

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

Several analysts recently weighed in on the stock. Barclays cut their price target on shares of UiPath from $16.00 to $15.00 and set an "equal weight" rating on the stock in a report on Friday, January 10th. UBS Group started coverage on shares of UiPath in a research report on Thursday, December 12th. They set a "sell" rating and a $14.00 price target on the stock. Morgan Stanley raised their price objective on shares of UiPath from $15.00 to $16.00 and gave the stock an "equal weight" rating in a report on Friday, December 6th. Needham & Company LLC restated a "hold" rating on shares of UiPath in a research report on Wednesday, January 15th. Finally, BMO Capital Markets upped their price target on UiPath from $15.00 to $16.00 and gave the stock a "market perform" rating in a research note on Friday, December 6th.

Insider Transactions at UiPath

In other UiPath news, CFO Ashim Gupta sold 47,227 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $13.06, for a total value of $616,784.62. Following the completion of the sale, the chief financial officer now owns 856,538 shares in the company, valued at approximately $11,186,386.28. This represents a 5.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Hitesh Ramani sold 25,000 shares of the firm's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $13.05, for a total value of $326,250.00. Following the sale, the chief accounting officer now directly owns 269,421 shares in the company, valued at approximately $3,515,944.05. This represents a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 22.37% of the company's stock.

Institutional Trading of UiPath

Several institutional investors have recently made changes to their positions in PATH. Ontario Teachers Pension Plan Board boosted its stake in UiPath by 136.0% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 108,725 shares of the company's stock worth $1,392,000 after purchasing an additional 62,650 shares during the period. D.A. Davidson & CO. boosted its position in shares of UiPath by 60.1% during the third quarter. D.A. Davidson & CO. now owns 557,667 shares of the company's stock worth $7,138,000 after acquiring an additional 209,300 shares during the last quarter. Stifel Financial Corp increased its holdings in UiPath by 30.1% in the 3rd quarter. Stifel Financial Corp now owns 323,818 shares of the company's stock valued at $4,145,000 after acquiring an additional 74,959 shares during the last quarter. Senvest Management LLC increased its holdings 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 acquiring an additional 1,559,500 shares during the last quarter. Finally, Quantbot Technologies LP lifted its stake in UiPath by 667.7% in the 3rd quarter. Quantbot Technologies LP now owns 101,718 shares of the company's stock worth $1,302,000 after purchasing an additional 88,468 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

UiPath Price Performance

PATH traded down $0.50 during midday trading on Friday, reaching $11.80. 5,996,584 shares of the company's stock traded hands, compared to its average volume of 8,448,976. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of -73.76 and a beta of 0.98. UiPath has a 52 week low of $10.37 and a 52 week high of $25.47. The firm has a fifty day moving average of $13.63 and a two-hundred day moving average of $13.20.

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.