UiPath (NYSE:PATH) Given New $12.00 Price Target at Mizuho

UiPath (NYSE:PATH) had its target price cut by Mizuho from $14.00 to $12.00 in a research report report published on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other brokerages have also weighed in on PATH. Needham & Company LLC reaffirmed a “hold” rating on shares of UiPath in a research note on Thursday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $16.00 price target on shares of UiPath in a research note on Friday, December 6th. BMO Capital Markets upped their price target on shares of UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Bank of America reaffirmed an “underperform” rating and issued a $10.00 price target (down from $18.00) on shares of UiPath in a research note on Thursday. Finally, Morgan Stanley reduced their price target on shares of UiPath from $16.00 to $12.00 and set an “equal weight” rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $14.78.

UiPath Stock Down 15.4 %

UiPath stock opened at $10.01 on Thursday. The firm has a 50-day moving average price of $13.41 and a two-hundred day moving average price of $13.16. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of -62.59 and a beta of 1.00. UiPath has a 52-week low of $9.50 and a 52-week high of $25.47.

Insider Buying and Selling

In other news, CFO Ashim Gupta sold 47,227 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $13.06, for a total value of $616,784.62. Following the transaction, the chief financial officer now directly owns 856,538 shares of the company’s stock, valued at $11,186,386.28. This represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Hitesh Ramani sold 25,000 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $13.05, for a total transaction of $326,250.00. Following the completion of the transaction, the chief accounting officer now directly owns 269,421 shares in the company, valued at $3,515,944.05. The trade was a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On UiPath

A number of hedge funds have recently bought and sold shares of the business. Jackson Creek Investment Advisors LLC acquired a new stake in UiPath during the fourth quarter worth about $298,000. Ontario Teachers Pension Plan Board grew its stake in UiPath by 136.0% during the third quarter. Ontario Teachers Pension Plan Board now owns 108,725 shares of the company’s stock worth $1,392,000 after buying an additional 62,650 shares in the last quarter. D.A. Davidson & CO. grew its stake in UiPath by 60.1% during the third quarter. D.A. Davidson & CO. now owns 557,667 shares of the company’s stock worth $7,138,000 after buying an additional 209,300 shares in the last quarter. Stifel Financial Corp grew its stake in UiPath by 30.1% during the third quarter. Stifel Financial Corp now owns 323,818 shares of the company’s stock worth $4,145,000 after buying an additional 74,959 shares in the last quarter. Finally, Senvest Management LLC grew its stake in UiPath by 16.7% during the third quarter. Senvest Management LLC now owns 10,894,483 shares of the company’s stock worth $139,449,000 after buying an additional 1,559,500 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

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.