UiPath (NYSE:PATH) Stock: Insider Brad Brubaker Sells 27,404 Shares

Key Points

• UiPath insider Brad Brubaker sold 27,404 shares at an average price of $13.63, generating approximately $373,517. He retained 1,066,107 shares, reducing his position by 2.51%.
• UiPath shares fell 0.6% to $13.24, while the company reported quarterly EPS of $0.15 and revenue of $410.26 million, exceeding analysts’ revenue expectations and marking 13.3% year-over-year growth.
• Analyst sentiment remains mixed, with the stock carrying a consensus “Hold” rating and an average price target of $15.69; institutional investors own approximately 62.5% of outstanding shares.

UiPath, Inc. (NYSE:PATH - Get Free Report) insider Brad Brubaker sold 27,404 shares of the business's stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $13.63, for a total value of $373,516.52. Following the transaction, the insider owned 1,066,107 shares in the company, valued at approximately $14,531,038.41. This represents a 2.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

UiPath Stock Down 0.6%

Shares of NYSE PATH traded down $0.07 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. UiPath, Inc. has a 12-month low of $9.20 and a 12-month high of $19.84. The business has a 50 day moving average of $14.78 and a two-hundred day moving average of $12.33. The firm has a market capitalization of $6.90 billion, a P/E ratio of 19.77, a PEG ratio of 1.27 and a beta of 1.01.

UiPath (NYSE:PATH - Get Free Report) last posted its earnings results on Thursday, September 3rd. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.15. The business had revenue of $410.26 million during the quarter, compared to analyst estimates of $397.77 million. UiPath had a return on equity of 9.70% and a net margin of 21.03%. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 earnings per share. On average, sell-side analysts anticipate that UiPath, Inc. will post 0.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PATH has been the subject of several recent research reports. Truist Financial lowered their price objective on shares of UiPath from $17.00 to $14.00 and set a "hold" rating for the company in a research report on Wednesday, September 23rd. Oppenheimer reissued a "market perform" rating on shares of UiPath in a research report on Friday, September 4th. Needham & Company LLC reissued a "buy" rating and set a $22.00 target price on shares of UiPath in a research report on Wednesday, September 23rd. Citigroup began coverage on shares of UiPath in a research note on Tuesday, September 8th. They issued a "buy" rating and a $23.00 target price for the company. Finally, Barclays raised their price target on shares of UiPath from $14.00 to $17.00 and gave the company an "equal weight" rating in a report on Friday, September 4th. Four investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $15.69.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Capital Impact Advisors LLC acquired a new stake in UiPath during the 4th quarter valued at approximately $52,261,000. BlackRock Inc. increased its holdings in UiPath by 7.2% during 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 during the last quarter. Squarepoint Ops LLC raised its position 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 valued at $16,278,000 after purchasing an additional 1,516,355 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of UiPath by 26.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,831,288 shares of the company's stock valued at $75,818,000 after purchasing an additional 1,437,843 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of UiPath by 13.2% in the 1st 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. Institutional investors and hedge funds 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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