UiPath (NYSE:PATH) Hits New 12-Month Low – What’s Next?

UiPath Inc. (NYSE:PATH) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $9.38 and last traded at $10.02, with a volume of 7641373 shares trading hands. The stock had previously closed at $10.04.

Wall Street Analyst Weigh In

Several research firms have weighed in on PATH. Needham & Company LLC reaffirmed a “hold” rating on shares of UiPath in a research report on Wednesday, March 26th. UBS Group decreased their price objective on UiPath from $14.00 to $10.00 and set a “sell” rating for the company in a report on Thursday, March 13th. Bank of America reiterated an “underperform” rating and issued a $10.00 price target (down from $18.00) on shares of UiPath in a research note on Thursday, March 13th. Barclays cut their price objective on shares of UiPath from $15.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Finally, BMO Capital Markets lowered their target price on shares of UiPath from $16.00 to $11.50 and set a “market perform” rating for the company in a report on Friday, March 14th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, UiPath presently has a consensus rating of “Hold” and a consensus price target of $12.78.

UiPath Stock Up 12.4 %

The stock has a market cap of $6.12 billion, a PE ratio of -69.31 and a beta of 1.04. The stock has a 50-day moving average of $12.17 and a 200 day moving average of $12.89.

Insider Transactions at UiPath

In related news, CAO Hitesh Ramani sold 12,500 shares of the firm’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $10.19, for a total transaction of $127,375.00. Following the sale, the chief accounting officer now owns 314,891 shares in the company, valued at approximately $3,208,739.29. This trade represents a 3.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 22.37% of the company’s stock.

Institutional Investors Weigh In On UiPath

Institutional investors have recently modified their holdings of the business. RFG Advisory LLC purchased a new position in shares of UiPath during the 1st quarter valued at approximately $1,517,000. Merit Financial Group LLC grew its holdings in shares of UiPath by 31.7% during the first quarter. Merit Financial Group LLC now owns 64,648 shares of the company’s stock worth $666,000 after buying an additional 15,543 shares in the last quarter. Green Alpha Advisors LLC raised its position in shares of UiPath by 77.8% in the first quarter. Green Alpha Advisors LLC now owns 33,449 shares of the company’s stock valued at $345,000 after buying an additional 14,638 shares during the last quarter. 180 Wealth Advisors LLC lifted its stake in shares of UiPath by 13.4% in the first quarter. 180 Wealth Advisors LLC now owns 550,196 shares of the company’s stock worth $5,667,000 after buying an additional 64,842 shares in the last quarter. Finally, Summit Global Investments purchased a new stake in UiPath during the 1st quarter valued at about $254,000. 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.