UiPath (NYSE:PATH) COO Ashim Gupta Sells 117,339 Shares of Stock

Key Points

• UiPath COO Ashim Gupta sold 117,339 shares at an average price of $13.85, generating approximately $1.63 million. The sale reduced his ownership by 5.45%, leaving him with 2.04 million shares.
• UiPath shares rose 6.7% to $14.66 in Monday trading, with volume exceeding its average. The stock has traded between $9.20 and $19.84 over the past year.
• The company recently matched quarterly EPS expectations at $0.15 and exceeded revenue estimates with $410.26 million, up 13.3% year over year. Analysts maintain a consensus “Hold” rating with a $16.75 price target.

UiPath, Inc. (NYSE:PATH - Get Free Report) COO Ashim Gupta sold 117,339 shares of UiPath stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $13.85, for a total transaction of $1,625,145.15. Following the completion of the sale, the chief operating officer owned 2,037,377 shares of the company's stock, valued at $28,217,671.45. This trade represents a 5.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

UiPath Trading Up 6.7%

Shares of NYSE PATH traded up $0.92 during midday trading on Monday, reaching $14.66. The company had a trading volume of 60,435,963 shares, compared to its average volume of 46,796,254. UiPath, Inc. has a 1 year low of $9.20 and a 1 year high of $19.84. The business's 50-day simple moving average is $14.20 and its 200 day simple moving average is $12.06. The stock has a market cap of $7.60 billion, a P/E ratio of 21.89, a P/E/G ratio of 1.35 and a beta of 1.02.

UiPath (NYSE:PATH - Get Free Report) last released its earnings results on Thursday, September 3rd. The company reported $0.15 earnings per share (EPS) 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 the consensus estimate of $397.77 million. During the same period in the prior year, the firm earned $0.15 EPS. The firm's revenue was up 13.3% on a year-over-year basis. Analysts predict that UiPath, Inc. will post 0.47 earnings per share for the current year.

Institutional Trading of UiPath

Several hedge funds and other institutional investors have recently bought and sold shares of PATH. Trifecta Capital Advisors LLC purchased a new stake in UiPath in the 2nd quarter worth approximately $27,000. REAP Financial Group LLC acquired a new stake in UiPath during the fourth quarter valued at $44,000. AdvisorNet Financial Inc increased its holdings in UiPath by 750.0% in the first quarter. AdvisorNet Financial Inc now owns 3,400 shares of the company's stock valued at $38,000 after buying an additional 3,000 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of UiPath by 36.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 4,968 shares of the company's stock worth $81,000 after acquiring an additional 1,329 shares during the period. Finally, Global Retirement Partners LLC purchased a new stake in shares of UiPath during the 2nd quarter worth about $57,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on PATH shares. Oppenheimer reaffirmed a "market perform" rating on shares of UiPath in a report on Friday, September 4th. Weiss Ratings raised shares of UiPath from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday. Wall Street Zen cut shares of UiPath from a "buy" rating to a "hold" rating in a research note on Saturday, May 30th. HC Wainwright restated a "buy" rating on shares of UiPath in a research note on Friday, September 4th. Finally, New Street Research set a $13.00 price objective on shares of UiPath in a report on Monday, June 1st. Three analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $16.75.

About UiPath

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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