UiPath (NYSE:PATH) PT Raised to $20.00

UiPath (NYSE:PATH – Get Rating) had its price objective increased by BMO Capital Markets from $16.00 to $20.00 in a research report issued on Friday, The Fly reports. BMO Capital Markets’ price objective would indicate a potential upside of 17.30% from the company’s current price.

Other analysts have also issued research reports about the stock. Morgan Stanley boosted their price objective on shares of UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Thursday. Truist Financial lowered their target price on UiPath from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, December 2nd. Wells Fargo & Company upped their target price on UiPath from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday. Evercore ISI decreased their price target on UiPath to $17.00 in a research note on Friday, December 2nd. Finally, Royal Bank of Canada upped their price objective on UiPath from $15.00 to $17.00 in a research note on Thursday. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, UiPath has an average rating of “Hold” and an average price target of $19.19.

UiPath Stock Performance

NYSE PATH opened at $17.05 on Friday. UiPath has a 52 week low of $10.40 and a 52 week high of $31.88. The stock’s 50 day moving average price is $15.06 and its two-hundred day moving average price is $13.60. The stock has a market capitalization of $9.43 billion, a price-to-earnings ratio of -28.42 and a beta of 0.60.

Insider Transactions at UiPath

In other UiPath news, CFO Ashim Gupta sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $16.61, for a total value of $664,400.00. Following the transaction, the chief financial officer now directly owns 1,359,051 shares of the company’s stock, valued at approximately $22,573,837.11. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 31.88% of the stock is currently owned by insiders.

Institutional Investors Weigh In On UiPath

Several hedge funds and other institutional investors have recently made changes to their positions in PATH. SeaCrest Wealth Management LLC acquired a new position in UiPath in the 2nd quarter worth about $25,000. Sonnipe Ltd acquired a new position in shares of UiPath in the fourth quarter valued at approximately $26,000. U.S. Capital Wealth Advisors LLC bought a new position in UiPath in the 4th quarter valued at approximately $26,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in UiPath during the 3rd quarter worth approximately $25,000. Finally, Belpointe Asset Management LLC bought a new stake in UiPath during the 4th quarter worth approximately $27,000. 56.40% of the stock is owned by institutional investors.

UiPath Company Profile

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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, and Japan. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization.