UiPath (NYSE:PATH) Trading Down 6.7% - What's Next?

Key Points

• UiPath shares fell 6.7% to about $14.17, with trading volume well below its average. The stock remains near its 50-day moving average of $14.01 but above its 200-day average of $11.98.
• Analysts are broadly cautious: UiPath has an average rating of “Hold” and a consensus price target of $16.33, despite several firms recently raising their targets.
• The company reported quarterly revenue of $410.26 million, exceeding estimates, while adjusted earnings of $0.15 per share matched expectations; revenue increased 13.3% year over year. CEO Daniel Dines subsequently sold about 1.4 million shares, though insiders still own 22.44% of the company.

UiPath, Inc. (NYSE:PATH - Get Free Report) shares traded down 6.7% on Tuesday . The stock traded as low as $13.85 and last traded at $14.1680. 10,201,602 shares traded hands during trading, a decline of 78% from the average session volume of 46,214,875 shares. The stock had previously closed at $15.19.

Analyst Ratings Changes

Several equities analysts have commented on PATH shares. Truist Financial raised their target price on shares of UiPath from $12.00 to $17.00 and gave the company a "hold" rating in a report on Friday. Oppenheimer reaffirmed a "market perform" rating on shares of UiPath in a report on Friday. Mizuho increased their price target on shares of UiPath from $12.00 to $14.00 and gave the stock a "neutral" rating in a research report on Friday. Morgan Stanley decreased their price objective on shares of UiPath from $17.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Friday, May 29th. Finally, Royal Bank Of Canada boosted their price objective on shares of UiPath from $15.00 to $17.00 and gave the company a "sector perform" rating in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, UiPath presently has an average rating of "Hold" and an average target price of $16.33.

UiPath Stock Down 6.6%

The business's 50 day simple moving average is $14.01 and its two-hundred day simple moving average is $11.98. The stock has a market cap of $7.35 billion, a P/E ratio of 21.14, a PEG ratio of 1.82 and a beta of 1.02.

UiPath (NYSE:PATH - Get Free Report) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.15 EPS for the quarter, meeting analysts' consensus estimates of $0.15. The company had revenue of $410.26 million during the quarter, compared to analysts' expectations of $397.77 million. UiPath had a return on equity of 9.70% and a net margin of 21.03%.UiPath's revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 EPS. As a group, research analysts forecast that UiPath, Inc. will post 0.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other UiPath news, CEO Daniel Dines sold 1,402,347 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $16.07, for a total value of $22,535,716.29. Following the completion of the transaction, the chief executive officer directly owned 26,491,238 shares in the company, valued at approximately $425,714,194.66. This trade represents a 5.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 22.44% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PATH. HighMark Wealth Management LLC acquired a new stake in UiPath during the 4th quarter worth approximately $25,000. Trifecta Capital Advisors LLC acquired a new position in UiPath in the 2nd quarter valued at approximately $27,000. Atlas Capital Advisors Inc. bought a new position in shares of UiPath during the fourth quarter valued at $37,000. AdvisorNet Financial Inc lifted its holdings in shares of UiPath by 750.0% during the first quarter. AdvisorNet Financial Inc now owns 3,400 shares of the company's stock worth $38,000 after purchasing an additional 3,000 shares during the period. Finally, REAP Financial Group LLC acquired a new position in shares of UiPath during the fourth quarter worth $44,000. Institutional investors and hedge funds own 62.50% of the company's stock.

About UiPath

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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