UiPath Inc. (NYSE:PATH) Receives Average Rating of “Hold” from Brokerages

Shares of UiPath Inc. (NYSE:PATH) have been given a consensus rating of “Hold” by the eighteen brokerages that are currently covering the company, MarketBeat.com reports. Sixteen analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $17.47.

Several research firms have recently commented on PATH. Bank of America lifted their target price on UiPath from $16.00 to $18.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Evercore ISI lifted their price objective on UiPath from $13.00 to $16.00 and gave the stock an “in-line” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. cut their target price on shares of UiPath from $19.00 to $17.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. TD Cowen reduced their target price on shares of UiPath from $17.00 to $16.00 and set a “hold” rating on the stock in a research note on Friday, September 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of UiPath in a research note on Wednesday, October 23rd.

UiPath Stock Down 2.1 %

Shares of NYSE:PATH opened at $14.19 on Wednesday. The firm has a market cap of $7.80 billion, a P/E ratio of -70.95 and a beta of 0.87. UiPath has a 12 month low of $10.37 and a 12 month high of $27.87. The company’s 50-day moving average price is $12.75 and its two-hundred day moving average price is $13.08.

UiPath (NYSE:PATH) last released its quarterly earnings results on Thursday, September 5th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. UiPath had a negative net margin of 8.13% and a negative return on equity of 3.98%. The business had revenue of $316.00 million for the quarter, compared to analysts’ expectations of $303.69 million. During the same period in the prior year, the firm earned ($0.09) earnings per share. UiPath’s revenue was up 10.0% compared to the same quarter last year. As a group, equities analysts predict that UiPath will post -0.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Ashim Gupta sold 47,671 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $12.07, for a total value of $575,388.97. Following the completion of the transaction, the chief financial officer now directly owns 849,917 shares in the company, valued at approximately $10,258,498.19. The trade was a 5.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 22.37% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PATH. Ontario Teachers Pension Plan Board raised its holdings in shares of UiPath by 136.0% during the third quarter. Ontario Teachers Pension Plan Board now owns 108,725 shares of the company’s stock worth $1,392,000 after acquiring an additional 62,650 shares during the period. Senvest Management LLC increased its holdings in 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 in the last quarter. Vanguard Group Inc. increased its holdings in UiPath by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 40,217,936 shares of the company’s stock worth $911,741,000 after purchasing an additional 2,133,078 shares in the last quarter. LMR Partners LLP acquired a new stake in shares of UiPath in the 3rd quarter valued at about $561,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of UiPath by 164.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 95,469 shares of the company’s stock valued at $1,222,000 after purchasing an additional 59,435 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

About UiPath

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.