UiPath (NYSE:PATH) Trading 0.5% Higher – What’s Next?

UiPath Inc. (NYSE:PATH) traded up 0.5% on Wednesday . The stock traded as high as $13.73 and last traded at $13.35. 2,163,790 shares were traded during trading, a decline of 73% from the average session volume of 8,080,390 shares. The stock had previously closed at $13.28.

Wall Street Analyst Weigh In

PATH has been the topic of a number of research analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $16.00 price target on shares of UiPath in a research note on Friday, December 6th. Wells Fargo & Company decreased their target price 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. UBS Group began coverage on shares of UiPath in a research note on Thursday, December 12th. They set a “sell” rating and a $14.00 price target on the stock. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a report on Wednesday. Finally, Morgan Stanley increased their target price on UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $17.44.

UiPath Trading Down 2.4 %

The stock has a market capitalization of $7.16 billion, a P/E ratio of -81.40 and a beta of 0.96. The stock’s 50 day simple moving average is $13.59 and its 200 day simple moving average is $12.79.

Insider Transactions at UiPath

In 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 completion of the transaction, the chief financial officer now owns 856,538 shares of the company’s stock, valued at $11,186,386.28. The trade was a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Hitesh Ramani sold 25,000 shares of the firm’s stock in a transaction dated 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 owns 269,421 shares in the company, valued at approximately $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. Corporate insiders own 22.37% of the company’s stock.

Hedge Funds Weigh In On UiPath

Several institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC increased its position in UiPath by 76.0% in the fourth quarter. SG Americas Securities LLC now owns 236,887 shares of the company’s stock worth $3,011,000 after buying an additional 102,258 shares during the period. Merit Financial Group LLC increased its holdings in shares of UiPath by 183.0% in the 4th quarter. Merit Financial Group LLC now owns 49,105 shares of the company’s stock worth $624,000 after acquiring an additional 31,755 shares during the period. Avanza Fonder AB bought a new stake in UiPath in the 4th quarter valued at about $816,000. 180 Wealth Advisors LLC boosted its stake in UiPath by 4.0% during the 4th quarter. 180 Wealth Advisors LLC now owns 485,354 shares of the company’s stock valued at $6,169,000 after purchasing an additional 18,493 shares during the period. Finally, Pallas Capital Advisors LLC grew its position in UiPath by 9.7% in the 4th quarter. Pallas Capital Advisors LLC now owns 64,109 shares of the company’s stock worth $815,000 after purchasing an additional 5,661 shares during the last quarter. 62.50% of the stock is owned by 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.