UBS Group Initiates Coverage on UiPath (NYSE:PATH)

UBS Group began coverage on shares of UiPath (NYSE:PATH) in a research note released on Thursday, Marketbeat reports. The brokerage issued a sell rating and a $14.00 price target on the stock.

Several other research firms also recently issued reports on PATH. Royal Bank of Canada restated a “sector perform” rating and set a $16.00 price objective on shares of UiPath in a report on Friday, December 6th. Needham & Company LLC restated a “hold” rating on shares of UiPath in a research report on Friday, December 6th. TD Cowen decreased their price objective on shares of UiPath from $17.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, September 6th. Bank of America boosted their target price on shares of UiPath from $16.00 to $18.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Finally, Morgan Stanley raised their target price on UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $17.50.

UiPath Stock Down 2.7 %

PATH opened at $14.24 on Thursday. The business has a fifty day simple moving average of $13.29 and a 200-day simple moving average of $12.70. The firm has a market cap of $7.83 billion, a PE ratio of -89.00 and a beta of 0.94. UiPath has a fifty-two week low of $10.37 and a fifty-two week high of $27.87.

Institutional Trading of UiPath

A number of institutional investors and hedge funds have recently modified their holdings of PATH. Future Financial Wealth Managment LLC bought a new position in shares of UiPath during the 3rd quarter worth about $26,000. JTC Employer Solutions Trustee Ltd bought a new position in UiPath during the third quarter valued at about $26,000. Hantz Financial Services Inc. acquired a new position in UiPath in the 2nd quarter valued at approximately $28,000. Quarry LP lifted its position in shares of UiPath by 654.4% in the 3rd quarter. Quarry LP now owns 3,146 shares of the company’s stock worth $40,000 after acquiring an additional 2,729 shares during the period. Finally, Redwood Wealth Management Group LLC acquired a new stake in shares of UiPath during the 2nd quarter worth approximately $43,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

UiPath Company Profile

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.