UiPath Inc. (NYSE:PATH) Receives $17.47 Consensus Target Price from Analysts

Shares of UiPath Inc. (NYSE:PATH - Get Free Report) have been given an average recommendation of "Hold" by the eighteen brokerages that are covering the firm, Marketbeat Ratings reports. Sixteen investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $17.47.

Several equities research analysts have weighed in on the company. Royal Bank of Canada reissued a "sector perform" rating and set a $16.00 price target on shares of UiPath in a report on Friday, September 6th. TD Cowen cut their price objective on UiPath from $17.00 to $16.00 and set a "hold" rating for the company in a research report on Friday, September 6th. Barclays lifted their target price on UiPath from $14.00 to $15.00 and gave the stock an "equal weight" rating in a report on Friday, September 6th. Bank of America raised their target price on shares of UiPath from $16.00 to $18.00 and gave the stock a "neutral" rating in a research note on Friday, September 6th. Finally, BMO Capital Markets boosted their price target on UiPath from $14.00 to $15.00 and gave the stock a "market perform" rating in a report on Friday, September 6th.

UiPath Price Performance

Shares of UiPath stock traded up $0.06 during trading on Wednesday, hitting $12.82. The stock had a trading volume of 5,454,093 shares, compared to its average volume of 9,468,136. The stock has a market cap of $7.05 billion, a PE ratio of -64.10 and a beta of 0.87. The firm's fifty day simple moving average is $12.63 and its 200-day simple moving average is $13.25. UiPath has a 12 month low of $10.37 and a 12 month high of $27.87.

UiPath (NYSE:PATH - Get Free Report) last announced its earnings results on Thursday, September 5th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. The company had revenue of $316.00 million during the quarter, compared to analyst estimates of $303.69 million. UiPath had a negative net margin of 8.13% and a negative return on equity of 3.98%. UiPath's revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.09) earnings per share. Analysts expect that UiPath will post -0.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Ashim Gupta sold 47,671 shares of UiPath stock in a transaction on Friday, September 13th. The stock was sold at an average price of $12.07, for a total value of $575,388.97. Following the completion of the transaction, the chief financial officer now directly owns 849,917 shares in the company, valued at approximately $10,258,498.19. This trade represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 22.37% of the stock is owned by insiders.

Institutional Investors Weigh In On UiPath

A number of large investors have recently bought and sold shares of the stock. Global Financial Private Client LLC increased its holdings in UiPath by 9.3% during the 1st quarter. Global Financial Private Client LLC now owns 6,471 shares of the company's stock worth $144,000 after purchasing an additional 551 shares during the last quarter. Advisors Asset Management Inc. raised its position in UiPath by 35.0% during the first quarter. Advisors Asset Management Inc. now owns 3,037 shares of the company's stock valued at $69,000 after buying an additional 787 shares during the period. Cowa LLC increased its position in UiPath by 4.4% in the 3rd quarter. Cowa LLC now owns 26,681 shares of the company's stock worth $342,000 after purchasing an additional 1,118 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in shares of UiPath by 6.8% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 26,090 shares of the company's stock worth $334,000 after acquiring an additional 1,654 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in UiPath by 7.1% during the 3rd quarter. Amalgamated Bank now owns 27,312 shares of the company's stock valued at $350,000 after purchasing an additional 1,811 shares during the period. 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.