Key Points
- UiPath COO Ashim Gupta sold 66,052 shares at an average price of $13.17, generating approximately $869,905. He retained 1.9 million shares after the transaction; he had also sold 117,339 shares in September.
- UiPath reported quarterly revenue of $410.26 million, up 13.3% year over year, and adjusted earnings of $0.15 per share, matching analyst expectations. The stock opened at $13.15, with a market capitalization of about $6.86 billion.
- Analysts maintain a consensus “Hold” rating with an average price target of $15.69; ratings include four Buys, 15 Holds and two Sells. Institutional investors own approximately 62.5% of the company.
UiPath, Inc. (NYSE:PATH - Get Free Report) COO Ashim Gupta sold 66,052 shares of the business's stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $13.17, for a total transaction of $869,904.84. Following the transaction, the chief operating officer owned 1,902,434 shares of the company's stock, valued at approximately $25,055,055.78. This represents a 3.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Ashim Gupta also recently made the following trade(s):
- On Friday, September 11th, Ashim Gupta sold 117,339 shares of UiPath stock. The shares were sold at an average price of $13.85, for a total transaction of $1,625,145.15.
UiPath Stock Performance
PATH opened at $13.15 on Tuesday. The firm's fifty day moving average is $14.72 and its two-hundred day moving average is $12.28. The firm has a market cap of $6.86 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 1.23 and a beta of 1.01. UiPath, Inc. has a twelve month low of $9.20 and a twelve month high of $19.84.
UiPath (NYSE:PATH - Get Free Report) last released its quarterly earnings data on Thursday, September 3rd. The company reported $0.15 EPS for the quarter, meeting analysts' consensus estimates of $0.15. The business had revenue of $410.26 million during the quarter, compared to analysts' expectations of $397.77 million. UiPath had a net margin of 21.03% and a return on equity of 9.70%. The firm's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS. Equities analysts forecast that UiPath, Inc. will post 0.49 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
PATH has been the topic of a number of research analyst reports. UBS Group dropped their price target on UiPath from $19.00 to $14.00 and set a "neutral" rating on the stock in a research report on Friday, September 25th. HC Wainwright reiterated a "buy" rating on shares of UiPath in a research report on Friday, September 4th. KeyCorp reissued a "sector weight" rating on shares of UiPath in a research note on Thursday, September 24th. Barclays raised their target price on shares of UiPath from $14.00 to $17.00 and gave the stock an "equal weight" rating in a report on Friday, September 4th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $22.00 price target on shares of UiPath in a report on Wednesday, September 23rd. Four investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $15.69.
Check Out Our Latest Stock Analysis on PATH
Institutional Trading of UiPath
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc raised its holdings in UiPath by 103.6% during the third quarter. Versant Capital Management Inc now owns 4,845 shares of the company's stock worth $62,000 after acquiring an additional 2,465 shares in the last quarter. QRG Capital Management Inc. grew its stake in UiPath by 26.6% in the second quarter. QRG Capital Management Inc. now owns 33,866 shares of the company's stock valued at $368,000 after purchasing an additional 7,120 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of UiPath by 56.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 69,078 shares of the company's stock worth $751,000 after purchasing an additional 24,807 shares during the last quarter. State Street Corp increased its position in shares of UiPath by 3.6% during the 2nd quarter. State Street Corp now owns 13,832,188 shares of the company's stock worth $150,356,000 after purchasing an additional 486,007 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in shares of UiPath by 59.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 38,545 shares of the company's stock worth $419,000 after purchasing an additional 14,361 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.
UiPath Company Profile
(
Get Free Report)
UiPath, Inc is a software company that develops an enterprise automation platform designed to help organizations automate repetitive, rules-based and increasingly complex business processes. Its platform combines robotic process automation, artificial intelligence, workflow orchestration, process mining, document processing and application integration tools to support automation across departments and business systems.
UiPath offers products and services for discovering automation opportunities, building and managing software robots, processing documents and other unstructured data, and governing automation programs at scale.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
