UiPath (NYSE:PATH) Coverage Initiated by Analysts at UBS Group

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

Several other analysts also recently weighed in on PATH. Morgan Stanley raised their target price on UiPath from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. TD Cowen dropped their price objective on UiPath from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, September 6th. BMO Capital Markets increased their target price on UiPath from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. DA Davidson lifted their price target on shares of UiPath from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Finally, Bank of America increased their price objective 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. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.50.

UiPath Stock Down 2.7 %

NYSE PATH opened at $14.24 on Thursday. UiPath has a fifty-two week low of $10.37 and a fifty-two week high of $27.87. The business has a 50 day moving average price of $13.29 and a two-hundred day moving average price of $12.70. The stock has a market cap of $7.83 billion, a PE ratio of -89.00 and a beta of 0.94.

Institutional Investors Weigh In On UiPath

A number of hedge funds have recently made changes to their positions in the business. Ontario Teachers Pension Plan Board boosted its stake in UiPath by 136.0% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 108,725 shares of the company’s stock valued at $1,392,000 after purchasing an additional 62,650 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of UiPath by 60.1% in the third quarter. D.A. Davidson & CO. now owns 557,667 shares of the company’s stock valued at $7,138,000 after buying an additional 209,300 shares during the period. Senvest Management LLC lifted its holdings in shares of UiPath by 16.7% in the third quarter. Senvest Management LLC now owns 10,894,483 shares of the company’s stock valued at $139,449,000 after buying an additional 1,559,500 shares during the period. Quantbot Technologies LP boosted its stake in UiPath by 667.7% during the third quarter. Quantbot Technologies LP now owns 101,718 shares of the company’s stock valued at $1,302,000 after buying an additional 88,468 shares in the last quarter. Finally, LMR Partners LLP acquired a new position in UiPath during the third quarter worth about $561,000. Institutional investors own 62.50% of the company’s stock.

About UiPath

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.