UiPath (NYSE:PATH) Price Target Cut to $15.00 by Analysts at Barclays

UiPath (NYSE:PATHFree Report) had its price objective lowered by Barclays from $16.00 to $15.00 in a research report released on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

PATH has been the topic of a number of other research reports. UBS Group initiated coverage on UiPath in a report on Thursday, December 12th. They set a “sell” rating and a $14.00 price objective on the stock. Needham & Company LLC reissued a “hold” rating on shares of UiPath in a report on Thursday, December 19th. Morgan Stanley increased their price target on shares of UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. JPMorgan Chase & Co. increased their price target on shares of UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $16.00 price target on shares of UiPath in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, UiPath presently has a consensus rating of “Hold” and a consensus price target of $17.44.

View Our Latest Stock Report on UiPath

UiPath Stock Performance

Shares of PATH opened at $12.97 on Friday. The stock’s 50-day simple moving average is $13.56 and its 200 day simple moving average is $12.77. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of -81.06 and a beta of 0.96. UiPath has a 52-week low of $10.37 and a 52-week high of $27.87.

Insider Buying and Selling at UiPath

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Future Financial Wealth Managment LLC purchased a new position in UiPath during the 3rd quarter valued at about $26,000. JTC Employer Solutions Trustee Ltd bought a new stake in UiPath during the 3rd quarter valued at about $26,000. Quarry LP grew its stake in shares of UiPath by 654.4% in the third quarter. Quarry LP now owns 3,146 shares of the company’s stock worth $40,000 after acquiring an additional 2,729 shares during the period. Redwood Wealth Management Group LLC bought a new stake in shares of UiPath in the second quarter worth approximately $43,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of UiPath by 124.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company’s stock worth $52,000 after acquiring an additional 2,274 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

UiPath Company Profile

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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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