UiPath (NYSE:PATH) Stock Price Up 0.7% - Is It Still a Buy?

UiPath Inc. (NYSE:PATH) experienced a rise in share price by 0.7% during midday trading sessions on Wednesday. The stock reached a high of $13.46, before closing at $13.42. A total of 2,400,212 shares were traded during this time, which is a significant drop of 69% from the average trading volume of 7,751,904 shares. The previous closing price was $13.33.

Analysts' Price Target Adjustments

Recent activities from various equity analysts have led to changes in price targets for UiPath. Wells Fargo & Company reduced its price target from $15.00 to $13.00, maintaining an "equal weight" rating on the stock in a note dated October 23. In contrast, Morgan Stanley raised its target from $15.00 to $16.00, also holding an "equal weight" rating as of December 6. Barclays lowered its target from $16.00 to $15.00, with a similar "equal weight" rating reported on January 10. UBS Group began coverage with a "sell" rating and a $14.00 price objective in mid-December. Conversely, JPMorgan Chase & Co. increased its target from $17.00 to $18.00 with an "overweight" rating. Overall, one analyst has issued a sell rating, sixteen have rated it as a hold, and two have provided buy ratings. UiPath currently holds an average rating of "Hold" with a consensus price target of $17.44, according to MarketBeat.

UiPath Stock Performance

The company's stock performance statistics indicate that the 50-day moving average stands at $13.59, while the 200-day moving average is $12.80. UiPath's market capitalization is about $7.65 billion, with a negative PE ratio of -86.97 and a beta of 0.96, suggesting a stable performance relative to the market.

Insider Trading Activity

In terms of insider trading, CAO Hitesh Ramani sold 25,000 shares of the company's stock on January 3 for an average price of $13.05, totaling approximately $326,250. His direct ownership afterward is 269,421 shares, valued at approximately $3,515,944. Additionally, CFO Ashim Gupta sold 47,227 shares on the same day at an average price of $13.06, summing up to $616,784.62. Following his sale, he holds 856,538 shares, worth around $11,186,386. Corporate insiders currently own about 22.37% of UiPath's stock.

Institutional Investor Movements

Several institutional investors have recently adjusted their positions in UiPath. Senvest Management LLC increased its stake by 16.7% during the third quarter, acquiring an additional 1,559,500 shares and holding a total of 10,894,483 shares worth $139,449,000. Geode Capital Management LLC also raised its holdings by 7.2%, now owning 7,312,068 shares valued at $93,619,000. Jacobs Levy Equity Management Inc. saw a significant increase of 554.8%, purchasing an additional 3,411,562 shares, while Charles Schwab Investment Management Inc. raised its holdings by 11.2%. Dimensional Fund Advisors LP increased its position by 37.2%. In total, hedge funds and other institutional investors own approximately 62.50% of the company’s stock.

About UiPath Inc.

UiPath Inc. offers an end-to-end automation platform specializing in various robotic process automation (RPA) solutions. This includes software to facilitate, manage, and govern automation across organizations, with operations in regions such as the United States, Romania, the United Kingdom, and the Netherlands.

Investment Considerations

Before considering an investment in UiPath, potential investors should note that although the current average ratings lean towards a "Hold," top analysts have identified other stocks that may present better buying opportunities.

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