UiPath’s (PATH) “Buy” Rating Reaffirmed at Needham & Company LLC

UiPath (NYSE:PATH)‘s stock had its “buy” rating reaffirmed by stock analysts at Needham & Company LLC in a note issued to investors on Wednesday, September 23rd, MarketBeat Ratings reports. They currently have a $22.00 price objective on the stock. Needham & Company LLC’s target price points to a potential upside of 78.24% from the company’s previous close.

Several other equities analysts have also recently weighed in on the stock. Citigroup began coverage on shares of UiPath in a research report on Tuesday, September 8th. They issued a “buy” rating and a $23.00 price target on the stock. UBS Group set a $16.00 price objective on UiPath in a research report on Friday, September 4th. Barclays boosted their price target on shares of UiPath from $14.00 to $17.00 and gave the stock an “equal weight” rating in a report on Friday, September 4th. Canaccord Genuity Group restated a “hold” rating and set a $17.00 price objective (up from $15.00) on shares of UiPath in a report on Friday, September 4th. Finally, TD Cowen boosted their target price on shares of UiPath from $13.00 to $16.00 and gave the company a “hold” rating in a research note on Friday, September 4th. Four analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $15.69.

UiPath Stock Up 1.3%

Shares of PATH opened at $12.34 on Wednesday. UiPath has a 12-month low of $9.20 and a 12-month high of $19.84. The stock has a market cap of $6.43 billion, a PE ratio of 18.42, a PEG ratio of 1.14 and a beta of 1.02. The business has a 50-day simple moving average of $14.53 and a two-hundred day simple moving average of $12.24.

UiPath (NYSE:PATH) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $410.26 million during the quarter, compared to analysts’ expectations of $397.77 million. UiPath had a net margin of 21.03% and a return on equity of 9.70%. UiPath’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.15 earnings per share. On average, equities research analysts expect that UiPath will post 0.49 EPS for the current year.

Insider Buying and Selling at UiPath

In other UiPath news, insider Raghavendra Malpani sold 40,464 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $14.00, for a total transaction of $566,496.00. Following the completion of the transaction, the insider owned 1,582,213 shares in the company, valued at $22,150,982. This trade represents a 2.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Ashim Gupta sold 117,339 shares of UiPath stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $13.85, for a total transaction of $1,625,145.15. Following the completion of the transaction, the chief operating officer owned 2,037,377 shares of the company’s stock, valued at $28,217,671.45. The trade was a 5.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,560,150 shares of company stock valued at $24,727,357 over the last three months. 22.44% of the stock is currently owned by insiders.

Institutional Investors Weigh In On UiPath

Several institutional investors have recently made changes to their positions in the stock. Trifecta Capital Advisors LLC purchased a new position in shares of UiPath in the second quarter valued at $27,000. AdvisorNet Financial Inc lifted its holdings in UiPath by 750.0% during the 1st quarter. AdvisorNet Financial Inc now owns 3,400 shares of the company’s stock worth $38,000 after purchasing an additional 3,000 shares in the last quarter. REAP Financial Group LLC bought a new position in UiPath in the 4th quarter worth about $44,000. Global Retirement Partners LLC purchased a new position in UiPath during the 2nd quarter valued at about $57,000. Finally, EverSource Wealth Advisors LLC grew its holdings in UiPath by 36.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 4,968 shares of the company’s stock valued at $81,000 after buying an additional 1,329 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Trending Headlines about UiPath

Here are the key news stories impacting UiPath this week:

• Positive Sentiment: UiPath introduced Cartographer, an AI agent that maps business processes, along with upgrades to its enterprise automation platform and Test Cloud. The products are intended to help customers automate more complex workflows and could expand UiPath’s addressable market. Why Is UiPath Pushing Deeper Into AI Automation and Compliance?
• Positive Sentiment: UiPath expanded its collaboration with BDO USA to develop agentic AI solutions for risk management, internal audit, compliance, controls transformation and other finance functions. The partnership could support enterprise adoption and create additional recurring software demand. UiPath Expands Partnership With BDO to Build Agentic AI Solutions
• Positive Sentiment: A new two-way integration with Snowflake, now available through the Snowflake Marketplace, connects UiPath automation with Snowflake’s governed data without requiring customers to move data or change tools. This strengthens UiPath’s position in data-intensive enterprise workflows. UiPath and Snowflake Announce Two-Way Integration
• Neutral Sentiment: Investors are closely searching for UiPath, increasing attention around the stock, but the search activity itself does not provide a fundamental change in earnings or guidance. Investors Heavily Search UiPath
• Negative Sentiment: DA Davidson downgraded UiPath from Neutral to Underperform and assigned a $10 price target, citing concerns about AI software pricing and potential downside from the stock’s current level. The downgrade remains a key overhang despite the new product news. UiPath Stock Rating Cut to Strong Sell at DA Davidson

UiPath Company Profile

UiPath, Inc is a software company that develops an enterprise automation platform designed to help organizations automate repetitive, rules-based and increasingly complex business processes. Its platform combines robotic process automation, artificial intelligence, workflow orchestration, process mining, document processing and application integration tools to support automation across departments and business systems.

UiPath offers products and services for discovering automation opportunities, building and managing software robots, processing documents and other unstructured data, and governing automation programs at scale.