UiPath (NYSE:PATH) Receives "Hold" Rating from Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of UiPath (NYSE:PATH - Free Report) in a research note issued to investors on Thursday morning,Benzinga reports.

A number of other research analysts have also recently weighed in on the stock. Evercore ISI boosted their target price on shares of UiPath from $13.00 to $16.00 and gave the company an "in-line" rating in a research note on Friday, September 6th. Wells Fargo & Company reduced their price objective on UiPath from $15.00 to $13.00 and set an "equal weight" rating for the company in a report on Wednesday, October 23rd. BMO Capital Markets boosted their price objective on UiPath from $15.00 to $16.00 and gave the company a "market perform" rating in a research note on Friday, December 6th. JPMorgan Chase & Co. lifted their target price on shares of UiPath from $17.00 to $18.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Finally, UBS Group started coverage on shares of UiPath in a research note on Thursday, December 12th. They set a "sell" rating and a $14.00 price target on the stock. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $17.50.

UiPath Stock Down 1.8 %

UiPath stock traded down $0.23 during mid-day trading on Thursday, reaching $12.74. 10,210,415 shares of the company's stock were exchanged, compared to its average volume of 9,675,471. The business's fifty day simple moving average is $13.41 and its 200 day simple moving average is $12.61. UiPath has a one year low of $10.37 and a one year high of $27.87. The firm has a market capitalization of $7.00 billion, a PE ratio of -79.63 and a beta of 0.94.

Institutional Trading of UiPath

A number of hedge funds have recently made changes to their positions in PATH. Future Financial Wealth Managment LLC purchased a new position in UiPath during the third quarter valued at $26,000. JTC Employer Solutions Trustee Ltd bought a new position in UiPath in the 3rd quarter worth about $26,000. Hantz Financial Services Inc. purchased a new stake in UiPath during the 2nd quarter valued at about $28,000. Quarry LP increased its stake in UiPath by 654.4% during the 3rd quarter. Quarry LP now owns 3,146 shares of the company's stock valued at $40,000 after purchasing an additional 2,729 shares in the last quarter. Finally, Redwood Wealth Management Group LLC purchased a new position in UiPath in the second quarter worth about $43,000. 62.50% of the stock is owned by institutional investors.

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.