UiPath (NYSE:PATH) Trading 8.2% Higher – What’s Next?

by · The Markets Daily

UiPath, Inc. (NYSE:PATHGet Free Report) shares traded up 8.2% during mid-day trading on Monday . The stock traded as high as $14.84 and last traded at $14.8780. 26,409,759 shares changed hands during trading, a decline of 43% from the average daily volume of 46,592,535 shares. The stock had previously closed at $13.75.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PATH shares. Royal Bank Of Canada boosted their price objective on shares of UiPath from $15.00 to $17.00 and gave the company a “sector perform” rating in a research report on Friday, September 4th. Oppenheimer reissued a “market perform” rating on shares of UiPath in a research note on Friday, September 4th. Needham & Company LLC raised their price objective on shares of UiPath from $15.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. DA Davidson lifted their price objective on UiPath from $12.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, September 4th. Finally, Wells Fargo & Company upped their target price on UiPath from $13.00 to $15.00 and gave the stock an “equal weight” rating in a report on Friday, September 4th. Three investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $16.75.

View Our Latest Research Report on UiPath

UiPath Stock Up 7.4%

The stock’s fifty day simple moving average is $14.20 and its two-hundred day simple moving average is $12.06. The firm has a market cap of $7.65 billion, a PE ratio of 22.02, a PEG ratio of 1.35 and a beta of 1.02.

UiPath (NYSE:PATHGet Free Report) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. UiPath had a return on equity of 9.70% and a net margin of 21.03%.The firm had revenue of $410.26 million for the quarter, compared to analysts’ expectations of $397.77 million. During the same period in the previous year, the firm posted $0.15 EPS. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, equities research analysts anticipate that UiPath, Inc. will post 0.47 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Daniel Dines sold 1,402,347 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $16.07, for a total value of $22,535,716.29. Following the transaction, the chief executive officer owned 26,491,238 shares in the company, valued at $425,714,194.66. The trade was a 5.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 22.44% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On UiPath

A number of institutional investors have recently made changes to their positions in the company. Trifecta Capital Advisors LLC bought a new position in UiPath in the 2nd quarter valued at approximately $27,000. Atlas Capital Advisors Inc. purchased a new position in shares of UiPath in the fourth quarter worth $37,000. AdvisorNet Financial Inc lifted its holdings in shares of UiPath by 750.0% during the first quarter. AdvisorNet Financial Inc now owns 3,400 shares of the company’s stock valued at $38,000 after purchasing an additional 3,000 shares in the last quarter. REAP Financial Group LLC bought a new position in shares of UiPath during the fourth quarter valued at $44,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of UiPath during the second quarter valued at $57,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

UiPath Company Profile

(Get Free Report)

UiPath Inc (NYSE: PATH) develops enterprise automation software designed to help organizations automate repetitive, rules-based and increasingly complex business processes. Its platform combines robotic process automation (RPA), artificial intelligence, workflow orchestration and process intelligence to support automation across areas such as finance, customer service, human resources, information technology and operations.

The UiPath Platform includes tools for discovering and analyzing business processes, building and managing software robots, processing documents, testing applications and coordinating automated workflows.

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