UiPath Inc. (NYSE:PATH – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Friday after BMO Capital Markets lowered their price target on the stock from $16.00 to $11.50. BMO Capital Markets currently has a market perform rating on the stock. UiPath traded as low as $9.50 and last traded at $10.01, with a volume of 49454972 shares traded. The stock had previously closed at $11.83.
A number of other brokerages also recently issued reports on PATH. Mizuho lowered their price target on UiPath from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday. Needham & Company LLC reissued a “hold” rating on shares of UiPath in a report on Thursday. UBS Group decreased their price objective on UiPath from $14.00 to $10.00 and set a “sell” rating for the company in a report on Thursday. Royal Bank of Canada decreased their price objective on UiPath from $16.00 to $13.00 and set a “sector perform” rating for the company in a report on Thursday. Finally, Scotiabank cut their price target on UiPath from $15.00 to $12.00 and set a “sector perform” rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $14.53.
Read Our Latest Analysis on PATH
Insider Activity at UiPath
Hedge Funds Weigh In On UiPath
A number of large investors have recently modified their holdings of the company. CIBC Asset Management Inc raised its holdings in shares of UiPath by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 14,741 shares of the company’s stock worth $187,000 after purchasing an additional 736 shares during the period. V Square Quantitative Management LLC raised its holdings in shares of UiPath by 33.4% in the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company’s stock worth $39,000 after purchasing an additional 759 shares during the period. Tidal Investments LLC raised its holdings in shares of UiPath by 3.7% during the 4th quarter. Tidal Investments LLC now owns 22,487 shares of the company’s stock valued at $286,000 after buying an additional 797 shares during the period. True Wealth Design LLC raised its holdings in shares of UiPath by 18.4% during the 4th quarter. True Wealth Design LLC now owns 5,163 shares of the company’s stock valued at $66,000 after buying an additional 801 shares during the period. Finally, First Horizon Advisors Inc. raised its holdings in shares of 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 during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.
UiPath Stock Performance
The firm has a market capitalization of $5.96 billion, a PE ratio of -67.78 and a beta of 1.00. The firm has a fifty day moving average of $13.36 and a 200 day moving average of $13.15.
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.
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