Morgan Stanley Has Lowered Expectations for UiPath (NYSE:PATH) Stock Price

UiPath (NYSE:PATH) had its target price dropped by equities research analysts at Morgan Stanley from $16.00 to $12.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 1.25% from the company’s previous close.

A number of other equities research analysts have also recently commented on the stock. Barclays lowered their price objective on shares of UiPath from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, January 10th. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a research note on Wednesday, January 15th. Royal Bank of Canada restated a “sector perform” rating and issued a $16.00 price target on shares of UiPath in a research report on Friday, December 6th. UBS Group started coverage on shares of UiPath in a research report on Thursday, December 12th. They issued a “sell” rating and a $14.00 target price for the company. Finally, BMO Capital Markets raised their target price on UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $16.78.

UiPath Stock Performance

Shares of PATH stock opened at $11.85 on Thursday. UiPath has a fifty-two week low of $9.64 and a fifty-two week high of $25.47. The stock has a market capitalization of $6.51 billion, a P/E ratio of -74.08 and a beta of 1.00. The company has a 50 day moving average price of $13.47 and a 200 day moving average price of $13.18.

Insider Activity at UiPath

In other news, CFO Ashim Gupta sold 47,227 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $13.06, for a total transaction of $616,784.62. Following the completion of the sale, the chief financial officer now owns 856,538 shares of the company’s stock, valued at approximately $11,186,386.28. This represents a 5.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction that occurred on 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. This trade represents 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.

Institutional Trading of UiPath

Large investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its stake in shares of UiPath by 88.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock valued at $31,000 after purchasing an additional 1,152 shares in the last quarter. First Horizon Advisors Inc. boosted its position in UiPath by 47.8% in the fourth quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock valued at $32,000 after buying an additional 804 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of UiPath by 141.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company’s stock worth $38,000 after buying an additional 1,742 shares during the last quarter. V Square Quantitative Management LLC increased its holdings in shares of UiPath by 33.4% during the fourth quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company’s stock worth $39,000 after buying an additional 759 shares in the last quarter. Finally, Quarry LP lifted its stake 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. 62.50% of the stock is 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.