UiPath Inc. (NYSE:PATH - Get Free Report)'s stock price was down 0.2% during trading on Wednesday . The stock traded as low as $12.53 and last traded at $12.71. Approximately 5,003,310 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 9,586,992 shares. The stock had previously closed at $12.74.
Analyst Ratings Changes
PATH has been the topic of a number of recent research reports. UBS Group assumed coverage on UiPath in a research report on Thursday, December 12th. They set a "sell" rating and a $14.00 price objective on the stock. Morgan Stanley increased their price target on UiPath from $15.00 to $16.00 and gave the company an "equal weight" rating in a research report on Friday, December 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of UiPath in a research report on Thursday, December 19th. TD Cowen dropped their price objective on UiPath from $17.00 to $16.00 and set a "hold" rating on the stock in a report on Friday, September 6th. Finally, Bank of America boosted their target price on UiPath from $16.00 to $18.00 and gave the stock a "neutral" rating in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $17.50.
Read Our Latest Stock Analysis on PATH
UiPath Stock Performance
The firm has a fifty day moving average price of $13.44 and a 200 day moving average price of $12.69. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of -79.44 and a beta of 0.94.
Institutional Trading of UiPath
Several hedge funds and other institutional investors have recently made changes to their positions in PATH. Future Financial Wealth Managment LLC acquired a new stake in UiPath in the 3rd quarter valued at about $26,000. JTC Employer Solutions Trustee Ltd purchased a new position in shares of UiPath during the 3rd quarter worth approximately $26,000. Hantz Financial Services Inc. acquired a new position in shares of UiPath during the 2nd quarter worth approximately $28,000. Quarry LP lifted its stake in UiPath by 654.4% in the 3rd quarter. Quarry LP now owns 3,146 shares of the company's stock valued at $40,000 after buying an additional 2,729 shares in the last quarter. Finally, Redwood Wealth Management Group LLC acquired a new stake in UiPath during the 2nd quarter valued at $43,000. Institutional investors and hedge funds 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.
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