Key Points
- CFO Ashim Gupta sold 67,468 shares at an average price of $16.10 for $1,086,234.80, trimming his position by 10.8% to 557,028 shares; the report also notes recent CEO sales, a factor weighing on sentiment.
- Quarterly results beat expectations: UiPath reported $0.16 EPS vs. $0.14 consensus and revenue of $411.11M (up 15.9% YoY vs. $392.46M expected).
- Wall Street views are mixed — the consensus rating is "Hold" with an average target of $15.85, while individual price targets range roughly $14–$19 and RBC recently cut its target to $17.
UiPath, Inc. (NYSE:PATH - Get Free Report) CFO Ashim Gupta sold 67,468 shares of UiPath stock in a transaction that occurred on Monday, January 5th. The stock was 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 in the company, valued at approximately $8,968,150.80. The trade was a 10.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Ashim Gupta also recently made the following trade(s):
- On Thursday, October 9th, Ashim Gupta sold 240,874 shares of UiPath stock. The stock was sold at an average price of $17.28, for a total transaction of $4,162,302.72.
UiPath Stock Up 8.0%
NYSE:PATH opened at $17.31 on Wednesday. The stock has a market capitalization of $9.25 billion, a price-to-earnings ratio of 41.20, a PEG ratio of 4.70 and a beta of 1.08. UiPath, Inc. has a 52 week low of $9.38 and a 52 week high of $19.84. The firm has a 50 day moving average of $15.58 and a 200 day moving average of $13.73.
UiPath (NYSE:PATH - Get Free Report) last released its quarterly earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. UiPath had a net margin of 14.79% and a return on equity of 3.73%. The business had revenue of $411.11 million for the quarter, compared to analyst estimates of $392.46 million. During the same period in the previous year, the company earned $0.11 earnings per share. The business's revenue for the quarter was up 15.9% on a year-over-year basis. As a group, analysts expect that UiPath, Inc. will post -0.17 EPS for the current year.
Institutional Investors Weigh In On UiPath
A number of large investors have recently bought and sold shares of PATH. GAMMA Investing LLC raised its position in UiPath by 48.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,989 shares of the company's stock worth $38,000 after buying an additional 969 shares during the last quarter. Covestor Ltd increased its stake in shares of UiPath by 17.7% in the third quarter. Covestor Ltd now owns 6,522 shares of the company's stock worth $87,000 after acquiring an additional 981 shares during the period. Rockefeller Capital Management L.P. increased its stake in shares of UiPath by 0.8% in the second quarter. Rockefeller Capital Management L.P. now owns 123,329 shares of the company's stock worth $1,579,000 after acquiring an additional 1,033 shares during the period. Wealthfront Advisers LLC raised its holdings in shares of UiPath by 3.6% during the third quarter. Wealthfront Advisers LLC now owns 32,886 shares of the company's stock worth $440,000 after purchasing an additional 1,149 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in UiPath by 0.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 313,946 shares of the company's stock valued at $4,019,000 after purchasing an additional 1,190 shares during the period. Hedge funds and other institutional investors own 62.50% of the company's stock.
Key Headlines Impacting UiPath
Here are the key news stories impacting UiPath this week:
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the company. Evercore ISI raised their price target on UiPath from $15.00 to $17.00 and gave the stock an "in-line" rating in a report on Thursday, December 4th. Royal Bank Of Canada cut their price objective on shares of UiPath from $19.00 to $17.00 and set a "sector perform" rating on the stock in a report on Monday. Canaccord Genuity Group lifted their target price on shares of UiPath from $15.00 to $19.00 and gave the stock a "buy" rating in a research note on Thursday, December 4th. Mizuho boosted their target price on shares of UiPath from $14.00 to $15.00 and gave the stock a "neutral" rating in a research report on Thursday, December 4th. Finally, Wells Fargo & Company upped their price target 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. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $15.85.
View Our Latest Report on PATH
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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