2 weeks Ago By Defense World Staff
UiPath (NYSE:PATH – Get Free Report)‘s stock had its “hold” rating restated by stock analysts at Needham & Company LLC in a note issued to investors on Thursday, MarketBeat Ratings reports.Several other research analysts also recently weighed in on PATH. UBS Group assumed coverage on shares of UiPath in a research report on Thursday, December 12th.
They issued a “sell” rating and a $14.00 price target on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $16.
00 price target on shares of UiPath in a research report on Friday, December 6th. BMO Capital Markets increased their price target on shares of UiPath from $15.00 to $16.
00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Morgan Stanley decreased their price target on shares of UiPath from $16.00 to $12.
00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, JPMorgan Chase & Co. increased their price target on shares of UiPath from $17.
00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the stock.
According to data from MarketBeat.com, UiPath currently has a consensus rating of “Hold” and a consensus target price of $14.53.
Read Our Latest Report on UiPathUiPath Trading Up 8.8 %Shares of PATH stock opened at $10.84 on Thursday.
UiPath has a 12-month low of $9.50 and a 12-month high of $23.97.
The firm’s 50 day moving average is $13.36 and its 200 day moving average is $13.15.
The stock has a market capitalization of $5.96 billion, a P/E ratio of -67.78 and a beta of 1.
00. Insider Buying and Selling at UiPathIn other UiPath news, CFO Ashim Gupta sold 47,227 shares of UiPath stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $13.
06, for a total value of $616,784.62. Following the sale, the chief financial officer now directly owns 856,538 shares in the company, valued at approximately $11,186,386.
28. The trade was a 5.23 % decrease in their position.
The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $13.
05, for a total transaction of $326,250.00. Following the completion of the transaction, the chief accounting officer now directly owns 269,421 shares of the company’s stock, valued at $3,515,944.
05. The trade was a 8.49 % decrease in their ownership of the stock.
The disclosure for this sale can be found here. 22.37% of the stock is currently owned by insiders.
Hedge Funds Weigh In On UiPathA number of large investors have recently made changes to their positions in PATH. Smartleaf Asset Management LLC boosted its stake in shares of UiPath by 88.5% during the 4th quarter.
Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock worth $31,000 after purchasing an additional 1,152 shares during the period. First Horizon Advisors Inc. lifted its holdings in UiPath by 47.
8% during the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock valued at $32,000 after buying an additional 804 shares in the last quarter.
EverSource Wealth Advisors LLC lifted its holdings in UiPath by 141.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company’s stock valued at $38,000 after buying an additional 1,742 shares in the last quarter.
V Square Quantitative Management LLC lifted its holdings in UiPath by 33.4% during the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company’s stock valued at $39,000 after buying an additional 759 shares in the last quarter.
Finally, Quarry LP lifted its holdings in UiPath by 654.4% during the 3rd quarter. Quarry LP now owns 3,146 shares of the company’s stock valued at $40,000 after buying an additional 2,729 shares in the last quarter.
62.50% of the stock is owned by hedge funds and other institutional investors. UiPath Company Profile (Get Free Report)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.
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