Mizuho Raises UiPath (NYSE:PATH) Price Target to $16.00

UiPath (NYSE:PATH – Get Rating) had its price objective hoisted by Mizuho from $15.00 to $16.00 in a research report report published on Thursday, The Fly reports.

Other analysts have also issued research reports about the stock. Truist Financial decreased their target price on shares of UiPath from $25.00 to $20.00 and set a buy rating on the stock in a report on Friday, December 2nd. Credit Suisse Group decreased their target price on shares of UiPath from $30.00 to $27.50 and set an outperform rating on the stock in a report on Wednesday, November 16th. Canaccord Genuity Group raised shares of UiPath from a hold rating to a buy rating and upped their target price for the stock from $14.50 to $19.00 in a report on Thursday. JPMorgan Chase & Co. decreased their price target on shares of UiPath from $18.00 to $16.00 and set a neutral rating on the stock in a report on Friday, December 2nd. Finally, Wells Fargo & Company increased their price target on shares of UiPath from $16.00 to $18.00 and gave the stock an overweight rating in a report on Friday, December 2nd. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Hold and an average price target of $19.19.

UiPath Stock Down 1.0 %

UiPath stock opened at $17.05 on Thursday. The firm’s 50 day simple moving average is $15.06 and its 200 day simple moving average is $13.60. UiPath has a 1-year low of $10.40 and a 1-year high of $31.88.

Insider Activity

In other news, CFO Ashim Gupta sold 40,000 shares of the company’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $16.61, for a total value of $664,400.00. Following the completion of the sale, the chief financial officer now owns 1,359,051 shares of the company’s stock, valued at approximately $22,573,837.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 31.88% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On UiPath

Institutional investors have recently made changes to their positions in the business. SeaCrest Wealth Management LLC purchased a new stake in shares of UiPath in the 2nd quarter valued at $25,000. Sonnipe Ltd purchased a new stake in UiPath during the 4th quarter valued at $26,000. U.S. Capital Wealth Advisors LLC purchased a new stake in UiPath during the 4th quarter valued at $26,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in UiPath during the 3rd quarter valued at $25,000. Finally, Belpointe Asset Management LLC purchased a new stake in UiPath during the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 56.40% of the company’s stock.

UiPath Company Profile

(Get Rating)

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, and Japan. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization.