Analysts Set UiPath, Inc. (NYSE:PATH) Price Target at $14.33

Shares of UiPath, Inc. (NYSE:PATH) have received a consensus recommendation of “Hold” from the nineteen analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, sixteen have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $16.3333.

Several equities research analysts recently issued reports on the company. Oppenheimer reiterated a “market perform” rating on shares of UiPath in a research note on Friday. Mizuho lifted their price objective on UiPath from $12.00 to $14.00 and gave the company a “neutral” rating in a report on Friday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of UiPath in a report on Friday, July 10th. Wall Street Zen lowered shares of UiPath from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, Canaccord Genuity Group reiterated a “hold” rating and issued a $17.00 target price (up from $15.00) on shares of UiPath in a research report on Friday.

Insider Activity

In other news, CEO Daniel Dines sold 1,402,347 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 26,491,238 shares in the company, valued at approximately $425,714,194.66. This represents a 5.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 22.44% of the company’s stock.

Institutional Investors Weigh In On UiPath

A number of institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LP raised its position in shares of UiPath by 398.4% during the second quarter. Corient Private Wealth LP now owns 708,146 shares of the company’s stock worth $7,698,000 after acquiring an additional 566,074 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in UiPath in the second quarter valued at approximately $1,629,000. California State Teachers Retirement System increased its position in UiPath by 957.1% during the 2nd quarter. California State Teachers Retirement System now owns 5,248,536 shares of the company’s stock valued at $57,052,000 after purchasing an additional 4,752,040 shares during the period. AlphaGrep UK Ltd acquired a new stake in UiPath during the 2nd quarter worth about $198,000. Finally, Odyssean LLC bought a new position in shares of UiPath in the 2nd quarter worth about $1,043,000. 62.50% of the stock is owned by institutional investors.

Trending Headlines about UiPath

Here are the key news stories impacting UiPath this week:

• Positive Sentiment: UiPath reported solid second-quarter results, including revenue above analysts’ expectations, and raised its revenue outlook. Investors may view the stronger guidance as evidence that demand for its automation and AI software remains resilient. UiPath Just Sank 17%. Is the Stock a Buy on the Dip?
• Positive Sentiment: Several analysts raised their price targets, including BMO Capital Markets to $18, Truist Financial to $17, DA Davidson to $16, Wells Fargo to $15 and Mizuho to $14. Bank of America also indicated that the stock could rise, providing a positive counterweight to the recent selloff. BMO Capital Markets Increases UiPath Price Target
• Positive Sentiment: One analysis argued that UiPath could be approximately 15% undervalued following the quarterly beat and higher outlook, supporting the case for dip buyers if management can stabilize growth. UiPath Could Be 15% Undervalued
• Neutral Sentiment: UiPath appeared on several heavily watched-stock lists, indicating elevated investor interest but not necessarily a new fundamental catalyst. UiPath Is Attracting Investor Attention
• Negative Sentiment: The stock fell sharply after earnings despite the results and guidance increase. Investors remain concerned that UiPath’s growth rate is too modest and that the company must demonstrate accelerating demand before the valuation can re-rate higher. UiPath Stock Plunges After Q2 Earnings

UiPath Trading Up 0.5%

NYSE:PATH opened at $15.27 on Tuesday. The stock has a market cap of $7.91 billion, a P/E ratio of 22.79, a PEG ratio of 1.82 and a beta of 1.02. The stock has a 50 day simple moving average of $14.01 and a 200 day simple moving average of $11.98. UiPath has a 1-year low of $9.20 and a 1-year high of $19.84.

UiPath (NYSE:PATH) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. UiPath had a return on equity of 9.70% and a net margin of 21.03%.The firm had revenue of $410.26 million for the quarter, compared to analyst estimates of $397.77 million. During the same period in the prior year, the firm posted $0.15 EPS. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, sell-side analysts forecast that UiPath will post 0.4 EPS for the current year.

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. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric.