UiPath (NYSE:PATH) Shares Down 4.4% – Time to Sell?

by · The Markets Daily

UiPath, Inc. (NYSE:PATH – Get Free Report) fell 4.4% on Tuesday . The stock traded as low as $16.36 and last traded at $15.9680. 1,256,455 shares were traded during trading, a decline of 92% from the average session volume of 15,558,772 shares. The stock had previously closed at $16.70.

Wall Street Analyst Weigh In

Several equities analysts have commented on PATH shares. Royal Bank Of Canada raised their price objective on UiPath from $16.00 to $19.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 10th. Barclays raised their target price on shares of UiPath from $14.00 to $16.00 and gave the company an “equal weight” rating in a research note on Thursday, December 4th. Zacks Research downgraded UiPath from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Wall Street Zen downgraded UiPath from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 6th. Finally, BMO Capital Markets lifted their price target on UiPath from $13.00 to $17.00 and gave the stock a “market perform” rating in a research report on Thursday, December 4th. One research analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.00.

Read Our Latest Analysis on PATH

UiPath Price Performance

The stock has a market capitalization of $8.45 billion, a P/E ratio of 37.58, a price-to-earnings-growth ratio of 4.87 and a beta of 1.10. The business’s 50 day moving average price is $15.47 and its 200 day moving average price is $13.42.

UiPath (NYSE:PATH – Get Free Report) last announced its earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $411.11 million during the quarter, compared to analyst estimates of $392.46 million. UiPath had a net margin of 14.79% and a return on equity of 3.73%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 EPS. As a group, analysts forecast that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction on Friday, December 19th. The shares were sold at an average price of $16.07, for a total transaction of $723,150.00. Following the transaction, the chief executive officer owned 28,793,585 shares in the company, valued at $462,712,910.95. This trade represents a 0.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Brad Brubaker sold 27,580 shares of the business’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $18.55, for a total transaction of $511,609.00. Following the sale, the insider directly owned 635,359 shares of the company’s stock, valued at approximately $11,785,909.45. The trade was a 4.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 2,203,383 shares of company stock valued at $34,402,960. 23.19% of the stock is owned by corporate insiders.

Institutional Trading of UiPath

Several hedge funds have recently bought and sold shares of PATH. Inspire Investing LLC purchased a new stake in UiPath in the 2nd quarter worth about $891,000. AlphaQuest LLC grew its stake in shares of UiPath by 863.9% during the second quarter. AlphaQuest LLC now owns 42,847 shares of the company’s stock valued at $548,000 after buying an additional 38,402 shares during the last quarter. Russell Investments Group Ltd. raised 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 worth $18,448,000 after buying an additional 98,058 shares during the period. Pallas Capital Advisors LLC raised its holdings in shares of UiPath by 24.8% in the second quarter. Pallas Capital Advisors LLC now owns 105,834 shares of the company’s stock worth $1,355,000 after buying an additional 21,058 shares during the period. Finally, CWM LLC lifted its stake in shares of UiPath by 96.2% during the 2nd 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

(Get Free Report)

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.

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