UiPath, Inc. (NYSE:PATH – Get Free Report) insider Brad Brubaker sold 27,404 shares of the company’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $13.63, for a total transaction of $373,516.52. Following the completion of the sale, the insider directly owned 1,066,107 shares in the company, valued at $14,531,038.41. This represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
UiPath Stock Down 0.6%
Shares of PATH traded down $0.07 during midday trading on Tuesday, hitting $13.24. The company had a trading volume of 26,230,294 shares, compared to its average volume of 46,021,117. The stock has a market cap of $6.90 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 1.27 and a beta of 1.01. The company’s 50 day moving average price is $14.78 and its 200 day moving average price is $12.33. UiPath, Inc. has a 52 week low of $9.20 and a 52 week high of $19.84.
UiPath (NYSE:PATH – Get Free Report) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The business had revenue of $410.26 million for 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 company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 earnings per share. Equities analysts anticipate that UiPath, Inc. will post 0.49 EPS for the current fiscal year.
Wall Street Analyst Weigh In
View Our Latest Stock Report on PATH
Institutional Investors Weigh In On UiPath
A number of institutional investors have recently modified their holdings of the business. Acropolis Investment Management LLC bought a new position in UiPath in the third quarter worth about $100,000. GAMMA Investing LLC grew its holdings in shares of UiPath by 37.2% during the third quarter. GAMMA Investing LLC now owns 14,048 shares of the company’s stock valued at $180,000 after purchasing an additional 3,809 shares during the last quarter. CoreCap Advisors LLC grew its holdings in shares of UiPath by 68.7% during the third quarter. CoreCap Advisors LLC now owns 2,679 shares of the company’s stock valued at $34,000 after purchasing an additional 1,091 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of UiPath by 103.6% during the third quarter. Versant Capital Management Inc now owns 4,845 shares of the company’s stock valued at $62,000 after purchasing an additional 2,465 shares during the last quarter. Finally, QRG Capital Management Inc. grew its holdings in shares of UiPath by 26.6% during 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 during the last quarter. Institutional investors own 62.50% of the company’s stock.
UiPath Company Profile
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.
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