UiPath, Inc. (NYSE:PATH – Get Free Report) CEO Daniel Dines sold 1,402,347 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $16.07, for a total value of $22,535,716.29. Following the transaction, the chief executive officer owned 26,491,238 shares in the company, valued at approximately $425,714,194.66. This trade represents a 5.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
UiPath Stock Performance
Shares of UiPath stock traded up $0.19 on Wednesday, reaching $15.77. The stock had a trading volume of 72,829,298 shares, compared to its average volume of 66,554,668. The business’s 50-day moving average price is $12.27 and its two-hundred day moving average price is $11.52. UiPath, Inc. has a fifty-two week low of $9.20 and a fifty-two week high of $19.84. The stock has a market cap of $8.17 billion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 1.87 and a beta of 0.96.
UiPath (NYSE:PATH – Get Free Report) last posted its earnings results on Thursday, May 28th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The business had revenue of $418.38 million for the quarter, compared to analyst estimates of $397.54 million. UiPath had a net margin of 19.58% and a return on equity of 7.92%. UiPath’s revenue was up 17.3% compared to the same quarter last year. During the same period last year, the business posted $0.11 EPS. As a group, equities analysts forecast that UiPath, Inc. will post 0.4 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
Several brokerages have recently issued reports on PATH. Morgan Stanley lowered their price target on UiPath from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, May 29th. Weiss Ratings restated a “hold (c-)” rating on shares of UiPath in a research note on Friday, July 10th. BMO Capital Markets decreased their target price on UiPath from $14.00 to $13.00 and set a “market perform” rating for the company in a research note on Monday, June 1st. Wall Street Zen lowered UiPath from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Finally, Bank of America lifted their price target on UiPath from $12.00 to $13.00 and gave the stock an “underperform” rating in a research report on Friday, May 29th. Two equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $13.87.
UiPath Company Profile
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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