UiPath (NYSE:PATH) COO Ashim Gupta Sells 66,052 Shares of Stock

Key Points

• UiPath COO Ashim Gupta sold 66,052 shares at an average price of $13.17, generating approximately $869,905. Following the transaction, he directly owned 1.90 million shares, a 3.36% reduction in his stake.
• UiPath’s shares traded near $13.15, with the stock ranging from $9.20 to $19.84 over the past year. The company recently reported $410.26 million in quarterly revenue, up 13.3% year over year, while meeting analysts’ EPS estimate of $0.15.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $15.69. Institutional investors own 62.5% of the company, with several major funds recently increasing their positions.

UiPath, Inc. (NYSE:PATH - Get Free Report) COO Ashim Gupta sold 66,052 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $13.17, for a total transaction of $869,904.84. Following the sale, the chief operating officer directly owned 1,902,434 shares in the company, valued at $25,055,055.78. This trade represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 stock was sold at an average price of $13.85, for a total transaction of $1,625,145.15.

UiPath Stock Performance

Shares of NYSE:PATH traded up $0.04 during trading on Monday, reaching $13.15. 29,519,118 shares of the stock traded hands, compared to its average volume of 46,680,840. The stock has a market cap of $6.86 billion, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 1.23 and a beta of 1.01. The stock has a 50-day moving average of $14.69 and a two-hundred day moving average of $12.27. 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 released its quarterly earnings data 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 business had revenue of $410.26 million for the quarter, compared to analysts' expectations of $397.77 million. During the same period in the prior year, the firm posted $0.15 EPS. The firm's quarterly revenue was up 13.3% on a year-over-year basis. Sell-side analysts expect that UiPath, Inc. will post 0.49 earnings per share for the current year.

Hedge Funds Weigh In On UiPath

Institutional investors and hedge funds have recently made changes to their positions in the business. Capital Impact Advisors LLC bought a new position in UiPath in the fourth quarter worth approximately $52,261,000. BlackRock Inc. increased its stake in shares of UiPath by 7.2% in the 2nd quarter. BlackRock Inc. now owns 46,153,124 shares of the company's stock worth $501,684,000 after purchasing an additional 3,097,822 shares in the last quarter. Squarepoint Ops LLC increased its stake in shares of UiPath by 8,065.7% in the 2nd quarter. Squarepoint Ops LLC now owns 1,497,555 shares of the company's stock worth $16,278,000 after purchasing an additional 1,516,355 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in UiPath by 26.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,831,288 shares of the company's stock worth $75,818,000 after purchasing an additional 1,437,843 shares during the period. Finally, Bank of America Corp DE lifted its position in UiPath by 13.2% during the first quarter. Bank of America Corp DE now owns 10,046,699 shares of the company's stock valued at $111,518,000 after purchasing an additional 1,170,285 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

Analyst Ratings Changes

PATH has been the topic of several research analyst reports. HC Wainwright restated a "buy" rating on shares of UiPath in a research note on Friday, September 4th. Citigroup started coverage on shares of UiPath in a research note on Tuesday, September 8th. They issued a "buy" rating and a $23.00 price target for the company. Truist Financial lowered their price objective on shares of UiPath from $17.00 to $14.00 and set a "hold" rating on the stock in a research report on Wednesday, September 23rd. UBS Group dropped their target price on shares of UiPath from $19.00 to $14.00 and set a "neutral" rating on the stock in a report on Friday, September 25th. Finally, Weiss Ratings raised shares of UiPath from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, September 9th. Four equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $15.69.

About UiPath

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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