UiPath Inc. (NYSE:PATH) Receives $17.50 Consensus Target Price from Brokerages

UiPath Inc. (NYSE:PATH) has received an average rating of “Hold” from the nineteen ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $17.44.

Several research firms have recently weighed in on PATH. JPMorgan Chase & Co. lifted their price objective on shares of UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Morgan Stanley lifted their price objective on shares of UiPath from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Wells Fargo & Company lowered their price objective on shares of UiPath from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. UBS Group initiated coverage on shares of UiPath in a research note on Thursday, December 12th. They issued a “sell” rating and a $14.00 price objective for the company. Finally, Barclays decreased their price target on shares of UiPath from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday.

UiPath Stock Performance

UiPath stock opened at $12.85 on Thursday. The firm has a 50 day moving average price of $13.57 and a two-hundred day moving average price of $12.77. The firm has a market cap of $7.06 billion, a price-to-earnings ratio of -80.31 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

In related news, CAO Hitesh Ramani sold 25,000 shares of the business’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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ashim Gupta sold 47,227 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $13.06, for a total transaction of $616,784.62. Following 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 ownership of the stock. The disclosure for this sale can be found here. 22.37% of the stock is owned by insiders.

Institutional Investors Weigh In On UiPath

Several institutional investors have recently added to or reduced their stakes in PATH. Pacer Advisors Inc. purchased a new stake in UiPath during the second quarter valued at about $69,180,000. Jacobs Levy Equity Management Inc. lifted its holdings in UiPath by 554.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 4,026,502 shares of the company’s stock valued at $51,539,000 after purchasing an additional 3,411,562 shares during the last quarter. Senvest Management LLC lifted its holdings in UiPath by 16.7% during the third quarter. Senvest Management LLC now owns 10,894,483 shares of the company’s stock valued at $139,449,000 after purchasing an additional 1,559,500 shares during the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in UiPath during the third quarter valued at about $19,071,000. Finally, Renaissance Technologies LLC purchased a new stake in UiPath during the second quarter valued at about $13,280,000. 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.