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

UiPath (NYSE:PATH) had its target price reduced by Barclays from $16.00 to $15.00 in a research report report published on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other analysts also recently issued reports on PATH. 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 report on Friday, December 6th. UBS Group began coverage on shares of UiPath in a research note on Thursday, December 12th. They set a “sell” rating and a $14.00 price target for the company. BMO Capital Markets lifted their price target on shares of UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Needham & Company LLC reissued a “hold” rating on shares of UiPath in a report on Thursday, December 19th. Finally, Wells Fargo & Company lowered their target price on UiPath from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. One 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 company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $17.44.

UiPath Trading Down 3.4 %

Shares of PATH opened at $12.97 on Friday. The stock has a 50 day moving average of $13.56 and a 200 day moving average of $12.76. The company 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 12 month low of $10.37 and a 12 month high of $27.87.

Insider Activity

In other UiPath news, CAO Hitesh Ramani sold 25,000 shares of UiPath 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 sale, the chief accounting officer now owns 269,421 shares of the company’s stock, valued at $3,515,944.05. The trade was a 8.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Ashim Gupta sold 47,227 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $13.06, for a total value of $616,784.62. Following the transaction, the chief financial officer now owns 856,538 shares in the company, valued at $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. Corporate insiders own 22.37% of the company’s stock.

Institutional Investors Weigh In On UiPath

Institutional investors have recently bought and sold shares of the stock. Future Financial Wealth Managment LLC bought a new position in shares of UiPath during the third quarter valued at about $26,000. JTC Employer Solutions Trustee Ltd bought a new position in UiPath during the 3rd quarter valued at approximately $26,000. Quarry LP lifted its holdings in UiPath by 654.4% in the 3rd quarter. Quarry LP now owns 3,146 shares of the company’s stock worth $40,000 after buying an additional 2,729 shares during the period. Redwood Wealth Management Group LLC bought a new stake in shares of UiPath in the 2nd quarter worth approximately $43,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of UiPath by 124.7% during the third 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 in the last quarter. 62.50% of the stock is currently 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.