UiPath (NYSE:PATH) Trading Down 1.7% After Analyst Downgrade

Shares of UiPath Inc. (NYSE:PATH) dropped 1.7% during trading on Monday after Barclays lowered their price target on the stock from $16.00 to $15.00. Barclays currently has an equal weight rating on the stock. UiPath traded as low as $12.62 and last traded at $12.75. Approximately 1,727,634 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 8,342,426 shares. The stock had previously closed at $12.97.

Several other research analysts have also recently issued reports on the company. Morgan Stanley increased their price target on UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. BMO Capital Markets lifted their price target on UiPath from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Wells Fargo & Company cut their price objective on UiPath from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $16.00 target price on shares of UiPath in a research note on Friday, December 6th. Finally, UBS Group started 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. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $17.44.

Insider Buying and Selling at UiPath

In related news, CAO Hitesh Ramani sold 25,000 shares of the business’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 of the company’s stock, valued at approximately $3,515,944.05. The trade was a 8.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ashim Gupta sold 47,227 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 856,538 shares of the company’s stock, valued at $11,186,386.28. This represents a 5.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 22.37% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Cowa LLC raised its holdings in UiPath by 4.4% in the 3rd quarter. Cowa LLC now owns 26,681 shares of the company’s stock valued at $342,000 after acquiring an additional 1,118 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its position in UiPath by 6.8% in the third quarter. Nations Financial Group Inc. IA ADV now owns 26,090 shares of the company’s stock worth $334,000 after purchasing an additional 1,654 shares during the period. Amalgamated Bank boosted its stake in UiPath by 7.1% during the third quarter. Amalgamated Bank now owns 27,312 shares of the company’s stock worth $350,000 after buying an additional 1,811 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in UiPath by 10.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 20,881 shares of the company’s stock valued at $267,000 after buying an additional 1,995 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of UiPath during the 3rd quarter valued at about $26,000. Institutional investors own 62.50% of the company’s stock.

UiPath Price Performance

The firm has a market cap of $6.99 billion, a P/E ratio of -79.50 and a beta of 0.96. The stock’s 50 day moving average is $13.56 and its two-hundred day moving average is $12.77.

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.