UBS Group Begins Coverage on UiPath (NYSE:PATH)

UBS Group initiated coverage on shares of UiPath (NYSE:PATH - Free Report) in a report issued on Thursday, MarketBeat.com reports. The firm issued a sell rating and a $14.00 price objective on the stock.

PATH has been the topic of several other research reports. Bank of America upped their price target on UiPath from $16.00 to $18.00 and gave the stock a "neutral" rating in a research note on Friday, September 6th. Morgan Stanley upped their price target on UiPath from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Friday, December 6th. BMO Capital Markets lifted their target price on UiPath from $15.00 to $16.00 and gave the company a "market perform" rating in a research note on Friday, December 6th. Evercore ISI boosted their target price on UiPath from $13.00 to $16.00 and gave the stock an "in-line" rating in a research report on Friday, September 6th. Finally, TD Cowen decreased their price target on shares of UiPath from $17.00 to $16.00 and set a "hold" rating on the stock in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $17.50.

UiPath Trading Down 2.7 %

Shares of PATH stock traded down $0.40 during midday trading on Thursday, reaching $14.24. 8,166,223 shares of the stock were exchanged, compared to its average volume of 9,697,685. UiPath has a 1 year low of $10.37 and a 1 year high of $27.87. The firm has a market cap of $7.83 billion, a PE ratio of -89.00 and a beta of 0.94. The company's 50 day moving average is $13.25 and its two-hundred day moving average is $12.69.

Insider Activity at UiPath

In other news, CFO Ashim Gupta sold 47,671 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $12.07, for a total transaction of $575,388.97. Following 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 Securities & Exchange Commission, which is accessible through this link. 22.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On UiPath

A number of institutional investors have recently added to or reduced their stakes in the stock. Ontario Teachers Pension Plan Board grew its stake in shares of UiPath by 136.0% during the third quarter. Ontario Teachers Pension Plan Board now owns 108,725 shares of the company's stock worth $1,392,000 after acquiring an additional 62,650 shares during the last quarter. D.A. Davidson & CO. grew its position in UiPath by 60.1% during the 3rd 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. Senvest Management LLC raised its position in UiPath by 16.7% during the third 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 in the last quarter. Quantbot Technologies LP increased its holdings in shares of UiPath by 667.7% during the 3rd quarter. Quantbot Technologies LP now owns 101,718 shares of the company's stock valued at $1,302,000 after purchasing an additional 88,468 shares in the last quarter. Finally, LMR Partners LLP acquired a new position in shares of UiPath in the third quarter worth about $561,000. Institutional investors own 62.50% of the company's stock.

About UiPath

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.