UiPath Inc. (NYSE:PATH) Given Average Rating of “Hold” by Analysts

UiPath Inc. (NYSE:PATH) has received an average rating of “Hold” from the nineteen analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $13.62.

A number of research firms recently issued reports on PATH. Royal Bank of Canada lowered their price objective on shares of UiPath from $16.00 to $13.00 and set a “sector perform” rating for the company in a research report on Thursday, March 13th. Canaccord Genuity Group dropped their price target on UiPath from $19.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. Scotiabank cut their price objective on UiPath from $15.00 to $12.00 and set a “sector perform” rating on the stock in a report on Thursday, March 13th. UBS Group lowered their target price on UiPath from $14.00 to $10.00 and set a “sell” rating for the company in a report on Thursday, March 13th. Finally, Mizuho cut their price target on UiPath from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th.

Insider Activity at UiPath

In other UiPath news, CFO Ashim Gupta sold 47,227 shares of the business’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $13.06, for a total value of $616,784.62. Following the sale, the chief financial officer now directly owns 856,538 shares of the company’s stock, valued at approximately $11,186,386.28. The trade was a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Hitesh Ramani sold 25,000 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $13.05, for a total transaction of $326,250.00. Following the sale, the chief accounting officer now directly owns 269,421 shares in the company, valued at $3,515,944.05. This trade represents a 8.49 % 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 company insiders.

Institutional Investors Weigh In On UiPath

Several institutional investors have recently modified their holdings of the business. Norges Bank purchased a new position in shares of UiPath during the fourth quarter valued at approximately $71,191,000. Jacobs Levy Equity Management Inc. raised its stake in UiPath by 554.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,026,502 shares of the company’s stock valued at $51,539,000 after buying an additional 3,411,562 shares during the last quarter. Senvest Management LLC lifted its holdings in shares of UiPath by 29.2% during the 4th quarter. Senvest Management LLC now owns 14,074,783 shares of the company’s stock valued at $178,890,000 after buying an additional 3,180,300 shares during the period. AQR Capital Management LLC boosted its stake in shares of UiPath by 45.3% in the 4th quarter. AQR Capital Management LLC now owns 6,646,320 shares of the company’s stock worth $84,209,000 after buying an additional 2,072,089 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC purchased a new position in shares of UiPath in the 3rd quarter worth $19,071,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

UiPath Trading Up 3.6 %

NYSE PATH opened at $11.20 on Tuesday. The firm’s 50 day simple moving average is $13.07 and its 200 day simple moving average is $13.07. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of -69.97 and a beta of 1.00. UiPath has a 1 year low of $9.50 and a 1 year high of $23.35.

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.