UiPath (NYSE:PATH) Trading Up 1.2% - Still a Buy?

UiPath Inc. (NYSE:PATH - Get Free Report) traded up 1.2% on Monday . The company traded as high as $14.33 and last traded at $14.09. 4,058,005 shares traded hands during trading, a decline of 47% from the average session volume of 7,674,029 shares. The stock had previously closed at $13.92.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Barclays cut their target price on UiPath from $16.00 to $15.00 and set an "equal weight" rating for the company in a research note on Friday, January 10th. Morgan Stanley raised their price objective on shares of UiPath from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Friday, December 6th. UBS Group began coverage on shares of UiPath in a report on Thursday, December 12th. They issued a "sell" rating and a $14.00 target price on the stock. Royal Bank of Canada restated a "sector perform" rating and set a $16.00 price target on shares of UiPath in a report on Friday, December 6th. Finally, BMO Capital Markets lifted their price target on shares of UiPath from $15.00 to $16.00 and gave the company a "market perform" rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $17.44.

UiPath Stock Down 2.5 %

The company's 50-day moving average price is $13.74 and its 200-day moving average price is $12.88. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of -88.84 and a beta of 0.96.

Insiders Place Their Bets

In other news, CAO Hitesh Ramani sold 25,000 shares of the business's stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $13.05, for a total transaction of $326,250.00. Following the completion of the transaction, the chief accounting officer now directly owns 269,421 shares of the company's stock, valued at approximately $3,515,944.05. The trade was a 8.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Ashim Gupta sold 47,227 shares of the firm's stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $13.06, for a total transaction of $616,784.62. Following the completion of the sale, the chief financial officer now directly owns 856,538 shares in the company, valued at approximately $11,186,386.28. This trade represents a 5.23 % decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On UiPath

A number of large investors have recently modified their holdings of PATH. Future Financial Wealth Managment LLC purchased a new stake in shares of UiPath during the 3rd quarter worth $26,000. JTC Employer Solutions Trustee Ltd acquired a new stake in UiPath in the third quarter valued at $26,000. V Square Quantitative Management LLC lifted its holdings in UiPath by 33.4% during the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company's stock worth $39,000 after buying an additional 759 shares during the last quarter. Quarry LP boosted its position in shares of UiPath by 654.4% during the 3rd quarter. Quarry LP now owns 3,146 shares of the company's stock worth $40,000 after acquiring an additional 2,729 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of UiPath by 124.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company's stock valued at $52,000 after acquiring an additional 2,274 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other 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.