UiPath (NYSE:PATH) Earns Hold Rating from Needham & Company LLC

UiPath (NYSE:PATH)‘s stock had its “hold” rating reiterated by investment analysts at Needham & Company LLC in a report issued on Thursday,Benzinga reports.

PATH has been the subject of a number of other reports. BMO Capital Markets increased their price target on UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Morgan Stanley lifted their price target on shares of UiPath from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. DA Davidson upped their price objective on shares of UiPath from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $16.00 target price on shares of UiPath in a report on Friday, December 6th. Finally, Bank of America upped their price target on UiPath from $16.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, UiPath presently has an average rating of “Hold” and a consensus target price of $17.50.

UiPath Stock Performance

PATH opened at $13.25 on Thursday. The stock has a market capitalization of $7.28 billion, a PE ratio of -82.81 and a beta of 0.94. UiPath has a one year low of $10.37 and a one year high of $27.87. The business’s 50 day moving average price is $13.42 and its 200 day moving average price is $12.62.

Institutional Investors Weigh In On UiPath

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