UiPath (NYSE:PATH - Get Free Report)'s stock had its "hold" rating restated by analysts at Needham & Company LLC in a research report issued on Wednesday,Benzinga reports.
PATH has been the topic of several other research reports. Morgan Stanley dropped their target price on UiPath from $16.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Canaccord Genuity Group reduced their target price on UiPath from $19.00 to $14.00 and set a "buy" rating for the company in a report on Thursday, March 13th. Royal Bank of Canada decreased their price target on UiPath from $16.00 to $13.00 and set a "sector perform" rating on the stock in a research report on Thursday, March 13th. Scotiabank cut their price objective on shares of UiPath from $15.00 to $12.00 and set a "sector perform" rating for the company in a research report on Thursday, March 13th. Finally, JPMorgan Chase & Co. upped their target price on shares of UiPath from $17.00 to $18.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $13.62.
Get Our Latest Report on UiPath
UiPath Trading Down 1.7 %
Shares of NYSE PATH traded down $0.19 during midday trading on Wednesday, hitting $10.69. The company's stock had a trading volume of 8,158,831 shares, compared to its average volume of 9,825,224. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of -66.78 and a beta of 1.00. The stock has a fifty day moving average price of $12.89 and a 200 day moving average price of $13.04. UiPath has a one year low of $9.50 and a one year high of $22.83.
Insiders Place Their Bets
In other news, CFO Ashim Gupta sold 47,227 shares of UiPath stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $13.06, for a total value of $616,784.62. Following the transaction, the chief financial officer now owns 856,538 shares in the company, valued at approximately $11,186,386.28. The trade was a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Hitesh Ramani sold 25,000 shares of the 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 owns 269,421 shares of the company's stock, valued at $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. Insiders own 22.37% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Jackson Creek Investment Advisors LLC purchased a new stake in UiPath during the 4th quarter valued at $298,000. D.A. Davidson & CO. boosted its holdings 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 purchasing an additional 209,300 shares during the period. Stifel Financial Corp grew its stake in shares of UiPath by 30.1% in the third quarter. Stifel Financial Corp now owns 323,818 shares of the company's stock worth $4,145,000 after purchasing an additional 74,959 shares during the last quarter. Quantbot Technologies LP grew its stake in shares of UiPath by 667.7% in the third 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 during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in UiPath by 554.8% during the 3rd 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. Institutional investors own 62.50% of the company's stock.
UiPath Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider UiPath, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and UiPath wasn't on the list.
While UiPath currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
