UiPath’s (PATH) Hold Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of UiPath (NYSE:PATH) in a research report report published on Wednesday morning,Benzinga reports.

PATH has been the topic of several other research reports. Wells Fargo & Company reduced their price target on shares of UiPath from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. BMO Capital Markets lifted their price target on UiPath from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Barclays lowered their price target on UiPath from $16.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, January 10th. JPMorgan Chase & Co. lifted their target price on UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $16.00 target price on shares of UiPath in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, UiPath has a consensus rating of “Hold” and a consensus target price of $17.44.

UiPath Stock Up 0.8 %

PATH stock opened at $13.39 on Wednesday. UiPath has a 52 week low of $10.37 and a 52 week high of $27.87. The business has a 50-day simple moving average of $13.59 and a 200 day simple moving average of $12.78.

Insider Buying and Selling

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

Institutional Trading of UiPath

Several large investors have recently modified their holdings of PATH. Senvest Management LLC boosted 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 acquiring an additional 1,559,500 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of UiPath by 7.2% during the 3rd quarter. Geode Capital Management LLC now owns 7,312,068 shares of the company’s stock worth $93,619,000 after purchasing an additional 493,502 shares in the last quarter. Pacer Advisors Inc. bought a new stake in UiPath in the 2nd quarter valued at about $69,180,000. Jacobs Levy Equity Management Inc. raised its stake in UiPath by 554.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,026,502 shares of the company’s stock worth $51,539,000 after buying an additional 3,411,562 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in UiPath by 11.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,890,360 shares of the company’s stock valued at $36,997,000 after acquiring an additional 291,171 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

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.