UiPath (NYSE:PATH) Sets New 1-Year Low After Analyst Downgrade

Shares of UiPath Inc. (NYSE:PATH) reached a new 52-week low during mid-day trading on Friday after BMO Capital Markets lowered their price target on the stock from $16.00 to $11.50. BMO Capital Markets currently has a market perform rating on the stock. UiPath traded as low as $9.50 and last traded at $10.01, with a volume of 49454972 shares. The stock had previously closed at $11.83.

Other research analysts have also issued research reports about the company. Evercore ISI decreased their target price on UiPath from $16.00 to $12.00 and set an “in-line” rating for the company in a research report on Thursday. Royal Bank of Canada decreased their target price on UiPath from $16.00 to $13.00 and set a “sector perform” rating for the company in a research report on Thursday. UBS Group decreased their target price on UiPath from $14.00 to $10.00 and set a “sell” rating for the company in a research report on Thursday. Scotiabank reduced their price objective on UiPath from $15.00 to $12.00 and set a “sector perform” rating for the company in a research report on Thursday. Finally, Wells Fargo & Company reduced their price objective on UiPath from $13.00 to $11.00 and set an “equal weight” rating for the company in a research report on Thursday. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, UiPath currently has an average rating of “Hold” and a consensus target price of $14.53.

Insider Activity

In other UiPath news, CAO Hitesh Ramani sold 25,000 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $13.05, for a total value of $326,250.00. Following the transaction, the chief accounting officer now owns 269,421 shares in the company, 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 through the SEC website. Also, CFO Ashim Gupta sold 47,227 shares of the business’s 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 completion of 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 position. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in UiPath by 88.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock valued at $31,000 after purchasing an additional 1,152 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of UiPath by 47.8% during the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock worth $32,000 after acquiring an additional 804 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of UiPath by 141.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company’s stock worth $38,000 after acquiring an additional 1,742 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in shares of UiPath by 33.4% during the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company’s stock worth $39,000 after acquiring an additional 759 shares in the last quarter. Finally, Quarry LP boosted its stake in shares of UiPath by 654.4% during the 3rd quarter. Quarry LP now owns 3,146 shares of the company’s stock worth $40,000 after acquiring an additional 2,729 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

UiPath Stock Performance

The company has a market cap of $5.96 billion, a P/E ratio of -67.78 and a beta of 1.00. The firm has a 50 day moving average price of $13.36 and a 200-day moving average price of $13.15.

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.