UiPath (NYSE:PATH) Cut to “Underperform” at DA Davidson

DA Davidson lowered shares of UiPath (NYSE:PATH) from a neutral rating to an underperform rating in a research note issued to investors on Monday, MarketBeat reports. The brokerage currently has $10.00 price objective on the stock.

Other equities analysts have also recently issued research reports about the stock. KeyCorp reiterated a “sector weight” rating on shares of UiPath in a research report on Thursday, September 24th. BMO Capital Markets reduced their price objective on UiPath from $18.00 to $15.00 and set a “market perform” rating on the stock in a research note on Thursday, September 24th. Needham & Company LLC reiterated a “buy” rating and issued a $22.00 price objective on shares of UiPath in a report on Wednesday, September 23rd. Royal Bank Of Canada reissued an “outperform” rating on shares of UiPath in a research note on Wednesday, September 23rd. Finally, Canaccord Genuity Group dropped their target price on UiPath from $17.00 to $14.00 and set a “hold” rating for the company in a report on Thursday, September 24th. Four equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, UiPath currently has a consensus rating of “Hold” and an average price target of $15.69.

UiPath Price Performance

Shares of NYSE PATH opened at $12.85 on Monday. The stock has a market capitalization of $6.70 billion, a P/E ratio of 19.19, a PEG ratio of 1.16 and a beta of 1.02. UiPath has a one year low of $9.20 and a one year high of $19.84. The firm’s 50 day simple moving average is $14.58 and its two-hundred day simple moving average is $12.25.

UiPath (NYSE:PATH) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. UiPath had a net margin of 21.03% and a return on equity of 9.70%. The firm had revenue of $410.26 million during the quarter, compared to analyst estimates of $397.77 million. During the same period in the previous year, the business posted $0.15 EPS. The business’s quarterly revenue was up 13.3% on a year-over-year basis. As a group, equities analysts expect that UiPath will post 0.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other UiPath news, insider Raghavendra Malpani sold 40,464 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was 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 of the company’s stock, valued at $22,150,982. This represents a 2.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Ashim Gupta sold 117,339 shares of the stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $13.85, for a total value of $1,625,145.15. Following the completion of the sale, the chief operating officer owned 2,037,377 shares of the company’s stock, valued at approximately $28,217,671.45. This trade represents a 5.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,560,150 shares of company stock valued at $24,727,357 over the last ninety days. 22.44% of the stock is owned by insiders.

Hedge Funds Weigh In On UiPath

Several hedge funds have recently made changes to their positions in PATH. BlackRock Inc. boosted its holdings in UiPath by 7.2% in the second quarter. BlackRock Inc. now owns 46,153,124 shares of the company’s stock valued at $501,684,000 after acquiring an additional 3,097,822 shares in the last quarter. State Street Corp raised its holdings in UiPath by 3.6% in the 2nd quarter. State Street Corp now owns 13,832,188 shares of the company’s stock worth $150,356,000 after purchasing an additional 486,007 shares in the last quarter. Geode Capital Management LLC raised its holdings in UiPath by 25.6% in the 4th quarter. Geode Capital Management LLC now owns 7,499,989 shares of the company’s stock worth $122,951,000 after purchasing an additional 1,528,454 shares in the last quarter. Norges Bank purchased a new stake in shares of UiPath in the 4th quarter worth about $120,176,000. Finally, Bank of America Corp DE lifted its position in shares of UiPath by 13.2% in the 1st quarter. Bank of America Corp DE now owns 10,046,699 shares of the company’s stock worth $111,518,000 after purchasing an additional 1,170,285 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

UiPath News Roundup

Here are the key news stories impacting UiPath this week:

• Positive Sentiment: Expanded Snowflake integration strengthens the data-and-automation offering. UiPath and Snowflake launched a two-way integration available through the Snowflake Marketplace, allowing customers to connect UiPath automation with governed Snowflake data without moving data or switching platforms. The partnership could improve enterprise adoption and make UiPath more valuable within existing cloud-data workflows. UiPath and Snowflake integration announcement
• Positive Sentiment: BDO USA collaboration expands UiPath’s agentic AI opportunity. The companies are developing AI agents and solution accelerators for internal audit, risk management, compliance, controls transformation and other Office of the CFO functions. These use cases could support larger enterprise contracts and recurring demand for business orchestration tools. UiPath and BDO partnership expansion
• Positive Sentiment: New products broaden UiPath’s automation platform. UiPath introduced Cartographer for process mapping and updates to its enterprise automation platform and Test Cloud, targeting more complex workflows and compliance-related tasks. Analysts also cited improving earnings-estimate revisions and enterprise AI momentum as support for a potential recovery.
• Neutral Sentiment: Broader economic data showed resilient August consumer spending, helping support sentiment across software and technology stocks. Investor searches for PATH have also increased, although heightened attention does not necessarily indicate stronger fundamentals.
• Negative Sentiment: DA Davidson downgraded UiPath from “Neutral” to “Underperform” and assigned a $10 price target. The call reflects concern that the stock’s valuation and growth outlook may not justify its current level, creating a near-term overhang despite the partnership announcements. DA Davidson UiPath downgrade

About UiPath

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.