UiPath, Inc. (NYSE:PATH) Stock Has Average Target Price of $15.69 According to Brokerages

Shares of UiPath, Inc. (NYSE:PATH) have received a consensus recommendation of “Hold” from the twenty-one ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $15.69.

PATH has been the subject of several recent research reports. DA Davidson downgraded shares of UiPath from a “neutral” rating to an “underperform” rating and set a $10.00 price objective for the company. in a research report on Monday, September 28th. Bank of America boosted their target price on shares of UiPath from $13.00 to $15.00 and gave the stock an “underperform” rating in a research report on Friday, September 4th. Barclays boosted their target price on shares of UiPath from $14.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, September 4th. Weiss Ratings upgraded shares of UiPath from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, September 9th. Finally, Canaccord Genuity Group lowered their price target on shares of UiPath from $17.00 to $14.00 and set a “hold” rating for the company in a report on Thursday, September 24th.

Insider Activity

In other news, insider Brad Brubaker sold 27,404 shares of the firm’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $13.63, for a total transaction of $373,516.52. Following the completion of the sale, the insider directly owned 1,066,107 shares in the company, valued at $14,531,038.41. This trade represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Daniel Dines sold 1,402,347 shares of UiPath stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $16.07, for a total value of $22,535,716.29. Following the sale, the chief executive officer directly owned 26,491,238 shares in the company, valued at approximately $425,714,194.66. The trade was a 5.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 2,962,735 shares of company stock worth $43,584,098. 22.44% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Entropy Technologies LP purchased a new stake in UiPath during the 3rd quarter worth approximately $6,371,000. Jump Financial LLC acquired a new position in shares of UiPath in the 3rd quarter valued at approximately $181,000. FORA Capital LLC boosted its stake in shares of UiPath by 255.8% during the 3rd quarter. FORA Capital LLC now owns 65,925 shares of the company’s stock valued at $846,000 after buying an additional 47,398 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of UiPath during the 3rd quarter valued at approximately $305,000. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of UiPath by 26.3% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 9,991 shares of the company’s stock valued at $128,000 after buying an additional 2,079 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

UiPath Stock Up 1.4%

Shares of NYSE PATH traded up $0.18 on Friday, hitting $13.29. The company had a trading volume of 17,921,650 shares, compared to its average volume of 23,145,954. UiPath has a 12-month low of $9.20 and a 12-month high of $19.84. The business has a 50 day moving average of $13.42 and a two-hundred day moving average of $12.35. The firm has a market capitalization of $6.92 billion, a P/E ratio of 19.83, a PEG ratio of 1.23 and a beta of 1.04.

UiPath (NYSE:PATH) last announced its earnings results on Thursday, September 3rd. The company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. The business had revenue of $410.26 million for the quarter, compared to the consensus estimate of $397.77 million. UiPath had a return on equity of 9.70% and a net margin of 21.03%. The company’s revenue was up 13.3% on a year-over-year basis. During the same period last year, the business posted $0.15 EPS. On average, sell-side analysts anticipate that UiPath will post 0.49 earnings per share for the current year.

About UiPath

UiPath Inc. develops enterprise automation software that helps organizations automate repetitive, rules-based work and more complex business processes. Its platform combines robotic process automation with artificial intelligence and tools for managing automated workflows. Its products and services include software robots, workflow orchestration, process and task discovery, and tools for processing documents. UiPath serves businesses and public-sector organizations across a range of industries and geographies.