Key Points
- UiPath insider Raghavendra Malpani sold 29,565 shares at an average price of $14.00, totaling $413,910. Following the transaction, he retained 1,484,716 shares worth approximately $20.8 million.
- UiPath reported quarterly revenue of $410.26 million, up 13.3% year over year and above analyst expectations, while earnings of $0.15 per share matched consensus estimates.
- Analysts maintain a generally cautious outlook, with the stock receiving an average “Hold” rating and an average price target of $15.69; institutional investors own 62.5% of UiPath’s shares.
UiPath, Inc. (NYSE:PATH - Get Free Report) insider Raghavendra Malpani sold 29,565 shares of the company's stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $14.00, for a total transaction of $413,910.00. Following the completion of the transaction, the insider directly owned 1,484,716 shares in the company, valued at $20,786,024. The trade was a 1.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Raghavendra Malpani also recently made the following trade(s):
- On Friday, October 9th, Raghavendra Malpani sold 29,564 shares of UiPath stock. The stock was sold at an average price of $13.51, for a total transaction of $399,409.64.
- On Thursday, September 17th, Raghavendra Malpani sold 40,464 shares of UiPath stock. The shares were sold at an average price of $14.00, for a total transaction of $566,496.00.
UiPath Price Performance
Shares of PATH opened at $14.32 on Tuesday. The firm has a 50-day simple moving average of $14.46 and a two-hundred day simple moving average of $12.50. The stock has a market cap of $7.46 billion, a PE ratio of 21.37, a P/E/G ratio of 1.33 and a beta of 1.01. UiPath, Inc. has a 1-year low of $9.20 and a 1-year high of $19.84.
UiPath (NYSE:PATH - Get Free Report) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. UiPath had a net margin of 21.03% and a return on equity of 9.70%. The firm had revenue of $410.26 million for the quarter, compared to analyst estimates of $397.77 million. During the same period in the prior year, the business posted $0.15 EPS. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, sell-side analysts expect that UiPath, Inc. will post 0.49 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research firms have commented on PATH. Mizuho upped their price target on UiPath from $12.00 to $14.00 and gave the stock a "neutral" rating in a research note on Friday, September 4th. DA Davidson reaffirmed an "underperform" rating and issued a $10.00 price objective on shares of UiPath in a research note on Monday, September 28th. Bank of America boosted their price objective on UiPath from $13.00 to $15.00 and gave the company an "underperform" rating in a report on Friday, September 4th. KeyCorp reiterated a "sector weight" rating on shares of UiPath in a report on Thursday, September 24th. Finally, Wells Fargo & Company increased their target price on UiPath from $13.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Friday, September 4th. Four analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, UiPath has an average rating of "Hold" and an average target price of $15.69.
Check Out Our Latest Stock Report on PATH
Hedge Funds Weigh In On UiPath
Several institutional investors have recently modified their holdings of PATH. Oppenheimer & Co. Inc. grew its stake in UiPath by 10.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 66,471 shares of the company's stock worth $853,000 after purchasing an additional 6,400 shares in the last quarter. Signaturefd LLC raised its position in UiPath by 23.1% in the 3rd quarter. Signaturefd LLC now owns 7,565 shares of the company's stock valued at $97,000 after purchasing an additional 1,422 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its position in UiPath by 8.4% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 14,174 shares of the company's stock valued at $182,000 after purchasing an additional 1,094 shares in the last quarter. James Investment Research Inc. raised its position in UiPath by 16.6% in the 3rd quarter. James Investment Research Inc. now owns 91,348 shares of the company's stock valued at $1,173,000 after purchasing an additional 13,000 shares in the last quarter. Finally, Inspire Investing LLC purchased a new position in shares of UiPath in the 3rd quarter valued at about $1,009,000. Institutional investors and hedge funds own 62.50% of the company's stock.
About UiPath
(
Get Free Report)
UiPath, Inc develops enterprise automation software that helps organizations automate repetitive, rules-based and increasingly complex business processes. Its platform combines robotic process automation with artificial intelligence, workflow orchestration, process mining, document processing and application integration capabilities.
The company's products are designed to support the discovery, development, deployment and management of software robots and AI-powered automations across functions such as finance, customer service, human resources, information technology and operations.
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