UiPath (NYSE:PATH) Stock Price Down 1.2% – What’s Next?
by Amy Steele · The Cerbat GemUiPath, Inc. (NYSE:PATH – Get Free Report) shares dropped 1.2% on Wednesday . The company traded as low as $13.93 and last traded at $14.1950. Approximately 18,100,188 shares changed hands during trading, a decline of 36% from the average daily volume of 28,226,922 shares. The stock had previously closed at $14.37.
Wall Street Analyst Weigh In
A number of research firms have recently commented on PATH. Truist Financial set a $17.00 price objective on shares of UiPath in a report on Thursday, December 4th. Royal Bank Of Canada cut their price target on shares of UiPath from $19.00 to $17.00 and set a “sector perform” rating for the company in a research note on Monday, January 5th. UBS Group reaffirmed a “neutral” rating on shares of UiPath in a report on Thursday, December 4th. Morgan Stanley upped their price objective on UiPath from $15.00 to $19.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 9th. Finally, Zacks Research upgraded UiPath from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $16.00.
Read Our Latest Report on PATH
UiPath Stock Performance
The firm’s 50-day simple moving average is $15.73 and its 200 day simple moving average is $13.93. The company has a market cap of $7.59 billion, a P/E ratio of 33.80, a PEG ratio of 4.21 and a beta of 1.08.
UiPath (NYSE:PATH – Get Free Report) last announced its quarterly earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. UiPath had a net margin of 14.79% and a return on equity of 3.73%. The company had revenue of $411.11 million for the quarter, compared to analysts’ expectations of $392.46 million. During the same period last year, the firm posted $0.11 earnings per share. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, research analysts forecast that UiPath, Inc. will post -0.17 earnings per share for the current year.
Insider Buying and Selling
In other UiPath news, CEO Daniel Dines sold 45,000 shares of the stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $15.68, for a total value of $705,600.00. Following the completion of the sale, the chief executive officer owned 28,028,585 shares in the company, valued at $439,488,212.80. This trade represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Ashim Gupta sold 67,468 shares of UiPath stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $16.10, for a total transaction of $1,086,234.80. Following the completion of the transaction, the chief financial officer directly owned 557,028 shares of the company’s stock, valued at approximately $8,968,150.80. This trade represents a 10.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,130,048 shares of company stock worth $18,827,894. Company insiders own 23.19% of the company’s stock.
Institutional Trading of UiPath
Several institutional investors and hedge funds have recently bought and sold shares of PATH. D.A. Davidson & CO. increased its holdings in shares of UiPath by 23.8% during the 3rd quarter. D.A. Davidson & CO. now owns 752,448 shares of the company’s stock worth $10,068,000 after acquiring an additional 144,832 shares during the last quarter. Inspire Investing LLC acquired a new stake in UiPath during the 2nd quarter valued at $891,000. AlphaQuest LLC boosted its position in UiPath by 863.9% during the second quarter. AlphaQuest LLC now owns 42,847 shares of the company’s stock worth $548,000 after purchasing an additional 38,402 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of UiPath by 7.3% in the second quarter. Russell Investments Group Ltd. now owns 1,445,644 shares of the company’s stock valued at $18,448,000 after purchasing an additional 98,058 shares during the last quarter. Finally, CWM LLC lifted its position in UiPath by 96.2% during the second quarter. CWM LLC now owns 312,073 shares of the company’s stock worth $3,995,000 after acquiring an additional 152,988 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.
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. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric.