Fintel reports that on September 7, 2023, DA Davidson maintained coverage of UiPath Inc - (NYSE:PATH) with a Neutral recommendation.
Analyst Price Forecast Suggests 16.52% Upside
As of August 31, 2023, the average one-year price target for UiPath Inc - is 18.90. The forecasts range from a low of 12.12 to a high of $26.25. The average price target represents an increase of 16.52% from its latest reported closing price of 16.22.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for UiPath Inc - is 1,240MM, an increase of 8.00%. The projected annual non-GAAP EPS is 0.14.
What is the Fund Sentiment?
There are 640 funds or institutions reporting positions in UiPath Inc -. This is an increase of 54 owner(s) or 9.22% in the last quarter. Average portfolio weight of all funds dedicated to PATH is 0.42%, a decrease of 11.15%. Total shares owned by institutions increased in the last three months by 4.46% to 383,437K shares. 
The put/call ratio of PATH is 0.40, indicating a bullish outlook.
What are Other Shareholders Doing?
ARK Investment Management holds 48,281K shares representing 8.60% ownership of the company. In it's prior filing, the firm reported owning 44,892K shares, representing an increase of 7.02%. The firm decreased its portfolio allocation in PATH by 2.24% over the last quarter.
Sumitomo Mitsui Trust Holdings holds 26,236K shares representing 4.68% ownership of the company. In it's prior filing, the firm reported owning 26,491K shares, representing a decrease of 0.97%. The firm decreased its portfolio allocation in PATH by 2.25% over the last quarter.
ARKK - ARK Innovation ETF holds 25,767K shares representing 4.59% ownership of the company. In it's prior filing, the firm reported owning 26,430K shares, representing a decrease of 2.58%. The firm increased its portfolio allocation in PATH by 2.01% over the last quarter.
Nikko Asset Management Americas holds 25,342K shares representing 4.52% ownership of the company. In it's prior filing, the firm reported owning 26,401K shares, representing a decrease of 4.18%. The firm decreased its portfolio allocation in PATH by 16.05% over the last quarter.
Alphabet holds 14,069K shares representing 2.51% ownership of the company. No change in the last quarter.
UiPath Background Information
(This description is provided by the company.)
UiPath has a vision to deliver the Fully Automated Enterprise™, one where companies use automation to unlock their greatest potential. UiPath offers an end-to-end platform for automation, combining the leading Robotic Process Automation (RPA) solution with a full suite of capabilities that enable every organization to rapidly scale digital business operations.
Additional reading:
- UiPath Reports Second Quarter Fiscal 2024 Financial Results Revenue of $287 million increases 19 percent year-over-year ARR of $1.308 billion increases 25 percent year-over-year Cash flow from operations reaches $44 million and non-GAAP adjusted free
- Founder’s Update: UiPath Announces CEO Transition
- Separation and Release of Claims Agreement between UiPath, Inc. and Christopher Weber, executed March 28, 2023
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