UiPath (NYSE:PATH) Shares Gap Down – Should You Sell?

UiPath Inc. (NYSE:PATH)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $14.64, but opened at $14.15. UiPath shares last traded at $14.24, with a volume of 1,995,339 shares traded.

Wall Street Analyst Weigh In

Several analysts recently commented on PATH shares. Morgan Stanley boosted their price target on UiPath from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. increased their target price on shares of UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. DA Davidson boosted their price target on shares of UiPath from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. BMO Capital Markets increased their target price on UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Finally, Wells Fargo & Company lowered their price target on shares of UiPath from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, UiPath has an average rating of “Hold” and an average price target of $17.50.

UiPath Stock Down 1.5 %

The stock has a market cap of $7.71 billion, a price-to-earnings ratio of -87.59 and a beta of 0.94. The stock’s fifty day moving average is $13.32 and its 200-day moving average is $12.66.

Institutional Investors Weigh In On UiPath

Large investors have recently modified their holdings of the business. CWM LLC boosted its stake in UiPath by 13.9% in the 2nd quarter. CWM LLC now owns 17,877 shares of the company’s stock worth $227,000 after purchasing an additional 2,185 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in UiPath by 18.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 36,034 shares of the company’s stock valued at $457,000 after buying an additional 5,555 shares during the last quarter. Swedbank AB bought a new stake in UiPath in the 2nd quarter valued at approximately $277,000. Assenagon Asset Management S.A. boosted its position in UiPath by 719.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 163,923 shares of the company’s stock worth $2,079,000 after acquiring an additional 143,907 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of UiPath by 135.6% in the second quarter. Blue Trust Inc. now owns 22,046 shares of the company’s stock valued at $280,000 after purchasing an additional 12,688 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

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.