Key Points
- UiPath insider Raghavendra Malpani sold 40,464 shares at an average price of $14, generating $566,496. The sale reduced his ownership by 2.49%, leaving him with 1.58 million shares.
- UiPath reported quarterly revenue of $410.26 million, up 13.3% year over year and above analyst expectations, while earnings per share matched estimates at $0.15.
- Analysts maintain a consensus “Hold” rating with an average price target of $16.75; institutional investors own 62.5% of the company’s shares.
UiPath, Inc. (NYSE:PATH - Get Free Report) insider Raghavendra Malpani sold 40,464 shares of the business's stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $14.00, for a total value of $566,496.00. Following the sale, the insider owned 1,582,213 shares in the company, valued at approximately $22,150,982. The trade was a 2.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
UiPath Stock Up 1.5%
Shares of NYSE PATH opened at $13.59 on Tuesday. UiPath, Inc. has a 52 week low of $9.20 and a 52 week high of $19.84. The business has a 50-day simple moving average of $14.46 and a two-hundred day simple moving average of $12.20. The company has a market cap of $7.08 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.31 and a beta of 1.02.
UiPath (NYSE:PATH - Get Free Report) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.15 earnings per share for the quarter, meeting the consensus estimate 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 prior year, the business posted $0.15 earnings per share. The company's revenue was up 13.3% on a year-over-year basis. Equities research analysts anticipate that UiPath, Inc. will post 0.47 EPS for the current year.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. DA Davidson upped their target price on shares of UiPath from $12.00 to $16.00 and gave the stock a "neutral" rating in a report on Friday, September 4th. Truist Financial boosted their price target on shares of UiPath from $12.00 to $17.00 and gave the company a "hold" rating in a research report on Friday, September 4th. Needham & Company LLC upped their price target on shares of UiPath from $15.00 to $22.00 and gave the stock a "buy" rating in a report on Thursday, September 3rd. Canaccord Genuity Group reiterated a "hold" rating and issued a $17.00 price objective (up from $15.00) on shares of UiPath in a research report on Friday, September 4th. Finally, Mizuho lifted their price objective on UiPath from $12.00 to $14.00 and gave the company a "neutral" rating in a research note on Friday, September 4th. Three analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $16.75.
Check Out Our Latest Stock Report on PATH
Hedge Funds Weigh In On UiPath
A number of large investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC lifted its position in UiPath by 59.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 38,545 shares of the company's stock worth $419,000 after buying an additional 14,361 shares during the last quarter. Tidal Investments LLC grew its position in UiPath by 24.4% during the second quarter. Tidal Investments LLC now owns 794,084 shares of the company's stock valued at $8,632,000 after acquiring an additional 155,521 shares during the last quarter. Engineers Gate Manager LP raised its stake in shares of UiPath by 33.1% during the second quarter. Engineers Gate Manager LP now owns 586,093 shares of the company's stock worth $6,371,000 after acquiring an additional 145,749 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of UiPath during the second quarter worth approximately $115,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of UiPath by 19.9% in the 2nd quarter. NewEdge Advisors LLC now owns 15,170 shares of the company's stock worth $165,000 after acquiring an additional 2,514 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.
About UiPath
(
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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