UiPath (NYSE:PATH) Given New $12.00 Price Target at Barclays

UiPath (NYSE:PATH) had its price objective decreased by Barclays from $15.00 to $12.00 in a research note released on Thursday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other equities analysts have also issued reports on PATH. Morgan Stanley reduced their price target on UiPath from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. raised their price target on UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $16.00 price objective on shares of UiPath in a report on Friday, December 6th. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a report on Thursday. Finally, BMO Capital Markets increased their price objective on UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $14.78.

UiPath Price Performance

PATH opened at $10.01 on Thursday. The stock’s 50 day simple moving average is $13.41 and its 200 day simple moving average is $13.16. UiPath has a 1 year low of $9.50 and a 1 year high of $25.47. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of -62.59 and a beta of 1.00.

Insider Activity

In other UiPath news, CFO Ashim Gupta sold 47,227 shares of UiPath stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $13.06, for a total transaction of $616,784.62. Following the completion of the transaction, the chief financial officer now owns 856,538 shares in the company, valued at approximately $11,186,386.28. The trade was a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $13.05, for a total value of $326,250.00. Following the transaction, the chief accounting officer now owns 269,421 shares of the company’s stock, valued at $3,515,944.05. The trade was a 8.49 % decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. CIBC Asset Management Inc raised its stake in UiPath by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 14,741 shares of the company’s stock valued at $187,000 after buying an additional 736 shares during the last quarter. V Square Quantitative Management LLC raised its stake in UiPath by 33.4% during the fourth 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 during the last quarter. Tidal Investments LLC increased its holdings in shares of UiPath by 3.7% in the 4th quarter. Tidal Investments LLC now owns 22,487 shares of the company’s stock worth $286,000 after purchasing an additional 797 shares in the last quarter. True Wealth Design LLC increased its holdings in shares of UiPath by 18.4% in the 4th quarter. True Wealth Design LLC now owns 5,163 shares of the company’s stock worth $66,000 after purchasing an additional 801 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of UiPath by 47.8% in the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock worth $32,000 after purchasing an additional 804 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

About UiPath

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.