UiPath’s (PATH) “Hold” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of UiPath (NYSE:PATH) in a research report released on Friday morning,Benzinga reports.

A number of other equities research analysts have also commented on the company. Barclays upped their target price on UiPath from $14.00 to $15.00 and gave the company an “equal weight” rating in a research report on Friday, September 6th. Wells Fargo & Company dropped their price objective on shares of UiPath from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. Evercore ISI raised their target price on shares of UiPath from $13.00 to $16.00 and gave the stock an “in-line” rating in a report on Friday, September 6th. BMO Capital Markets boosted their target price on shares of UiPath from $14.00 to $15.00 and gave the company a “market perform” rating in a research report on Friday, September 6th. Finally, DA Davidson increased their price target on UiPath from $13.00 to $15.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Sixteen research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, UiPath currently has a consensus rating of “Hold” and a consensus target price of $17.71.

UiPath Stock Performance

UiPath stock opened at $14.81 on Friday. The stock has a market cap of $8.14 billion, a PE ratio of -92.56 and a beta of 0.94. The stock has a 50-day moving average of $13.10 and a two-hundred day moving average of $12.73. UiPath has a one year low of $10.37 and a one year high of $27.87.

UiPath (NYSE:PATH) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. UiPath had a negative net margin of 8.13% and a negative return on equity of 3.98%. The firm had revenue of $316.00 million during the quarter, compared to analyst estimates of $303.69 million. During the same period last year, the firm posted ($0.09) EPS. UiPath’s revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts predict that UiPath will post -0.23 EPS for the current fiscal year.

Insider Activity at UiPath

In other UiPath news, CFO Ashim Gupta sold 47,671 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $12.07, for a total transaction of $575,388.97. Following the completion of the sale, the chief financial officer now directly owns 849,917 shares in the company, valued at approximately $10,258,498.19. The trade was a 5.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 22.37% of the stock is owned by corporate insiders.

Institutional Trading of UiPath

Institutional investors have recently made changes to their positions in the company. Comerica Bank grew its stake in UiPath by 226.5% during the 1st quarter. Comerica Bank now owns 25,154 shares of the company’s stock valued at $570,000 after acquiring an additional 17,451 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of UiPath by 315.6% in the first quarter. Cetera Investment Advisers now owns 67,782 shares of the company’s stock valued at $1,537,000 after purchasing an additional 51,472 shares during the last quarter. Cetera Advisors LLC lifted its position in UiPath by 93.5% during the first quarter. Cetera Advisors LLC now owns 19,706 shares of the company’s stock worth $447,000 after buying an additional 9,522 shares in the last quarter. CWM LLC lifted its position in UiPath by 13.9% during the second quarter. CWM LLC now owns 17,877 shares of the company’s stock worth $227,000 after buying an additional 2,185 shares in the last quarter. Finally, Diversify Advisory Services LLC acquired a new position in UiPath during the second quarter worth $537,000. 62.50% of the stock is owned by institutional investors and hedge funds.

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.