UiPath (NYSE:PATH) Stock Price Up 1.7% – What’s Next?

UiPath Inc. (NYSE:PATH) shares shot up 1.7% on Thursday . The company traded as high as $13.05 and last traded at $12.92. 1,540,216 shares changed hands during trading, a decline of 84% from the average session volume of 9,586,992 shares. The stock had previously closed at $12.71.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Morgan Stanley raised 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 decreased their price objective on UiPath from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. Evercore ISI increased their target price on UiPath from $13.00 to $16.00 and gave the company an “in-line” rating in a research note on Friday, September 6th. Bank of America boosted their target price on UiPath from $16.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Finally, JPMorgan Chase & Co. upped their price target on UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $17.50.

UiPath Trading Up 0.4 %

The company has a 50 day simple moving average of $13.45 and a 200 day simple moving average of $12.69. The stock has a market cap of $7.01 billion, a P/E ratio of -79.75 and a beta of 0.94.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Ontario Teachers Pension Plan Board lifted its position in UiPath by 136.0% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 108,725 shares of the company’s stock worth $1,392,000 after buying an additional 62,650 shares in the last quarter. D.A. Davidson & CO. boosted its position in UiPath by 60.1% during the third quarter. D.A. Davidson & CO. now owns 557,667 shares of the company’s stock valued at $7,138,000 after purchasing an additional 209,300 shares during the last quarter. Stifel Financial Corp grew its stake in UiPath by 30.1% in the third quarter. Stifel Financial Corp now owns 323,818 shares of the company’s stock valued at $4,145,000 after purchasing an additional 74,959 shares in the last quarter. Senvest Management LLC increased its position in shares of UiPath by 16.7% during the 3rd quarter. Senvest Management LLC now owns 10,894,483 shares of the company’s stock worth $139,449,000 after purchasing an additional 1,559,500 shares during the last quarter. Finally, Quantbot Technologies LP raised its stake in shares of UiPath by 667.7% during the 3rd quarter. Quantbot Technologies LP now owns 101,718 shares of the company’s stock worth $1,302,000 after purchasing an additional 88,468 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

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.