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

UiPath Inc. (NYSE:PATH - Get Free Report) has earned a consensus recommendation of "Hold" from the nineteen brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, fifteen have given 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 $12.72.

Several analysts recently commented on PATH shares. UBS Group reduced their price objective on shares of UiPath from $14.00 to $10.00 and set a "sell" rating for the company in a research note on Thursday, March 13th. Needham & Company LLC restated a "hold" rating on shares of UiPath in a report on Wednesday, March 26th. Barclays reduced their price objective on UiPath from $15.00 to $12.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Bank of America reissued an "underperform" rating and issued a $10.00 target price (down previously from $18.00) on shares of UiPath in a report on Thursday, March 13th. Finally, Mizuho cut their price target on UiPath from $12.00 to $11.00 and set a "neutral" rating for the company in a research note on Tuesday.

Insider Activity at UiPath

In other UiPath news, CAO Hitesh Ramani sold 12,500 shares of the business's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $10.19, for a total transaction of $127,375.00. Following the completion of the sale, the chief accounting officer now owns 314,891 shares of the company's stock, valued at approximately $3,208,739.29. The trade was a 3.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 22.37% of the stock is owned by insiders.

Institutional Trading of UiPath

A number of institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC increased its position in shares of UiPath by 88.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock worth $31,000 after acquiring an additional 1,152 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of UiPath by 47.8% during the fourth quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company's stock worth $32,000 after purchasing an additional 804 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of UiPath by 198.6% in the first quarter. Versant Capital Management Inc now owns 2,962 shares of the company's stock worth $31,000 after buying an additional 1,970 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of UiPath by 141.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company's stock valued at $38,000 after buying an additional 1,742 shares during the period. Finally, V Square Quantitative Management LLC boosted its holdings in UiPath by 33.4% in the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company's stock worth $39,000 after acquiring an additional 759 shares during the period. Hedge funds and other institutional investors own 62.50% of the company's stock.

UiPath Stock Performance

UiPath stock opened at $10.44 on Friday. The company has a market cap of $5.76 billion, a P/E ratio of -65.25 and a beta of 1.04. UiPath has a one year low of $9.38 and a one year high of $20.95. The business has a fifty day moving average of $11.65 and a two-hundred day moving average of $12.79.

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.

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