UiPath Inc. (NYSE:PATH) Given Consensus Rating of “Hold” by Brokerages

UiPath Inc. (NYSE:PATH) has received a consensus recommendation of “Hold” from the nineteen research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $17.50.

A number of brokerages have commented on PATH. Needham & Company LLC reaffirmed a “hold” rating on shares of UiPath in a research note on Thursday, December 19th. Wells Fargo & Company reduced their price target on shares of UiPath from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $16.00 price objective on shares of UiPath in a research report on Friday, December 6th. BMO Capital Markets lifted their target price on UiPath from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Finally, UBS Group began coverage on UiPath in a report on Thursday, December 12th. They set a “sell” rating and a $14.00 price target for the company.

UiPath Stock Up 1.7 %

Shares of NYSE:PATH opened at $13.43 on Thursday. UiPath has a 52-week low of $10.37 and a 52-week high of $27.87. The stock has a market cap of $7.38 billion, a P/E ratio of -83.94 and a beta of 0.96. The business has a fifty day moving average of $13.53 and a two-hundred day moving average of $12.75.

Insiders Place Their Bets

In other news, CFO Ashim Gupta sold 47,227 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $13.06, for a total transaction of $616,784.62. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Hitesh Ramani sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $13.05, for a total transaction of $326,250.00. Following the completion of the sale, the chief accounting officer now directly owns 269,421 shares in the company, valued at approximately $3,515,944.05. This trade represents a 8.49 % decrease in their position. The disclosure for this sale can be found here. Insiders own 22.37% of the company’s stock.

Institutional Investors Weigh In On UiPath

Institutional investors have recently modified their holdings of the company. Diversified Trust Co acquired a new stake in UiPath in the fourth quarter valued at $715,000. Everence Capital Management Inc. acquired a new stake in shares of UiPath during the 4th quarter worth about $241,000. Principal Financial Group Inc. lifted its stake in UiPath by 10.5% during the third quarter. Principal Financial Group Inc. now owns 36,685 shares of the company’s stock worth $470,000 after purchasing an additional 3,477 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in UiPath by 236.0% during the third quarter. Sanctuary Advisors LLC now owns 41,098 shares of the company’s stock worth $526,000 after purchasing an additional 28,865 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in UiPath by 7.2% in the third quarter. Geode Capital Management LLC now owns 7,312,068 shares of the company’s stock valued at $93,619,000 after purchasing an additional 493,502 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

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.