UiPath Inc. (NYSE:PATH - Get Free Report) rose 0.3% during mid-day trading on Thursday . The stock traded as high as $13.19 and last traded at $13.17. Approximately 961,588 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 9,614,964 shares. The stock had previously closed at $13.13.
Several equities research analysts recently weighed in on PATH shares. Barclays raised their price target on shares of UiPath from $15.00 to $16.00 and gave the company an "equal weight" rating in a research report on Friday, December 6th. 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. Morgan Stanley upped their price target on UiPath from $15.00 to $16.00 and gave the company an "equal weight" rating in a report on Friday, December 6th. DA Davidson boosted their price objective on shares of UiPath from $13.00 to $15.00 and gave the company a "neutral" rating in a report on Friday, September 6th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of UiPath in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $17.50.
Read Our Latest Research Report on PATH
The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of -82.50 and a beta of 0.94. The business has a 50 day simple moving average of $13.44 and a 200-day simple moving average of $12.65.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ontario Teachers Pension Plan Board lifted 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 purchasing an additional 62,650 shares during the last quarter. D.A. Davidson & CO. increased its stake in UiPath by 60.1% in the 3rd 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. Stifel Financial Corp lifted its position in UiPath by 30.1% in the third quarter. Stifel Financial Corp now owns 323,818 shares of the company's stock valued at $4,145,000 after purchasing an additional 74,959 shares during the period. Senvest Management LLC raised its position in UiPath by 16.7% in 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. Finally, Quantbot Technologies LP boosted its stake in shares of UiPath by 667.7% during the 3rd quarter. Quantbot Technologies LP now owns 101,718 shares of the company's stock worth $1,302,000 after acquiring an additional 88,468 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.
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.
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