UiPath (NYSE:PATH) Stock Price Down 1.8% – Time to Sell?
by Tristan Rich · The Markets DailyUiPath, Inc. (NYSE:PATH – Get Free Report)’s share price dropped 1.8% during mid-day trading on Wednesday . The company traded as low as $14.08 and last traded at $14.0950. Approximately 15,935,357 shares were traded during trading, a decline of 39% from the average daily volume of 26,033,594 shares. The stock had previously closed at $14.36.
Analyst Ratings Changes
PATH has been the topic of several analyst reports. DA Davidson upped their price target on shares of UiPath from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Wells Fargo & Company raised their target price on shares of UiPath from $12.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday, December 4th. UBS Group reissued a “neutral” rating on shares of UiPath in a research report on Thursday, December 4th. Truist Financial set a $17.00 price objective on UiPath in a research report on Thursday, December 4th. Finally, BMO Capital Markets boosted their target price on UiPath from $13.00 to $17.00 and gave the stock a “market perform” rating in a report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.00.
Check Out Our Latest Report on PATH
UiPath Stock Down 5.2%
The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 29.92, a P/E/G ratio of 3.89 and a beta of 1.08. The company’s 50 day moving average is $15.82 and its 200 day moving average is $13.99.
UiPath (NYSE:PATH – Get Free Report) last announced its earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share (EPS) 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 firm had revenue of $411.11 million for the quarter, compared to analyst estimates of $392.46 million. During the same quarter in the prior year, the business posted $0.11 EPS. The business’s revenue was up 15.9% compared to the same quarter last year. On average, analysts expect that UiPath, Inc. will post -0.17 EPS for the current year.
Insider Buying and Selling at UiPath
In related news, CFO Ashim Gupta sold 67,468 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $16.10, for a total value of $1,086,234.80. Following the completion of the transaction, the chief financial officer owned 557,028 shares of the company’s stock, valued at $8,968,150.80. The trade was a 10.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Daniel Dines sold 45,000 shares of the stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $19.21, for a total transaction of $864,450.00. Following the sale, the chief executive officer owned 29,153,585 shares in the company, valued at $560,040,367.85. The trade was a 0.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,040,048 shares of company stock valued at $17,290,244 over the last ninety days. Insiders own 23.19% of the company’s stock.
Institutional Trading of UiPath
Large investors have recently made changes to their positions in the company. Royal Bank of Canada raised its position in UiPath by 8.4% during the first quarter. Royal Bank of Canada now owns 140,774 shares of the company’s stock valued at $1,450,000 after purchasing an additional 10,872 shares in the last quarter. Woodline Partners LP raised its holdings in shares of UiPath by 69.6% during the 1st quarter. Woodline Partners LP now owns 22,566 shares of the company’s stock worth $232,000 after buying an additional 9,257 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of UiPath by 5.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,477,730 shares of the company’s stock worth $15,221,000 after buying an additional 75,737 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in UiPath in the second quarter valued at about $169,000. Finally, GAMMA Investing LLC grew its position in UiPath by 48.0% in the second quarter. GAMMA Investing LLC now owns 2,989 shares of the company’s stock valued at $38,000 after acquiring an additional 969 shares during the last quarter. Institutional investors and hedge funds 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.