Insider Selling: UiPath, Inc. (NYSE:PATH) CFO Sells 56,322 Shares of Stock

UiPath, Inc. (NYSE:PATH - Get Free Report) CFO Ashim Gupta sold 56,322 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $12.72, for a total transaction of $716,415.84. Following the transaction, the chief financial officer directly owned 859,991 shares of the company's stock, valued at approximately $10,939,085.52. This trade represents a 6.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Ashim Gupta also recently made the following trade(s):

• On Thursday, May 1st, Ashim Gupta sold 98,795 shares of UiPath stock. The shares were sold at an average price of $12.01, for a total transaction of $1,186,527.95.

UiPath Stock Performance

Shares of NYSE:PATH traded up $0.42 during trading on Friday, reaching $13.27. 6,853,764 shares of the stock traded hands, compared to its average volume of 10,429,996. The stock has a 50-day moving average of $12.60 and a two-hundred day moving average of $12.47. UiPath, Inc. has a 52-week low of $9.38 and a 52-week high of $15.93. The stock has a market cap of $7.10 billion, a P/E ratio of -110.57, a price-to-earnings-growth ratio of 17.41 and a beta of 1.04.

UiPath (NYSE:PATH - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. UiPath had a negative net margin of 4.65% and a negative return on equity of 3.05%. The firm had revenue of $356.62 million for the quarter, compared to analysts' expectations of $332.17 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The business's revenue for the quarter was up 6.4% on a year-over-year basis. Sell-side analysts expect that UiPath, Inc. will post -0.17 earnings per share for the current year.

Institutional Investors Weigh In On UiPath

A number of institutional investors have recently made changes to their positions in PATH. Real Talk Capital LLC purchased a new stake in UiPath in the first quarter worth approximately $120,000. Acadian Asset Management LLC raised its position in UiPath by 222.6% in the first quarter. Acadian Asset Management LLC now owns 4,241,047 shares of the company's stock worth $43,667,000 after acquiring an additional 2,926,263 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in UiPath by 5.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,477,730 shares of the company's stock worth $15,221,000 after acquiring an additional 75,737 shares during the period. Woodline Partners LP raised its position in UiPath by 69.6% in the first quarter. Woodline Partners LP now owns 22,566 shares of the company's stock worth $232,000 after acquiring an additional 9,257 shares during the period. Finally, Great Lakes Advisors LLC bought a new position in UiPath in the first quarter worth approximately $3,165,000. Hedge funds and other institutional investors own 62.50% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on PATH. BMO Capital Markets boosted their price target on shares of UiPath from $11.50 to $15.50 and gave the company a "market perform" rating in a research report on Friday, May 30th. Morgan Stanley boosted their price target on shares of UiPath from $12.00 to $15.00 and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Mizuho reduced their price target on shares of UiPath from $12.00 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Bank of America reiterated an "underperform" rating and set a $10.00 price target (down previously from $18.00) on shares of UiPath in a research report on Thursday, March 13th. Finally, Canaccord Genuity Group set a $16.00 price target on shares of UiPath and gave the company a "buy" rating in a research report on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $13.83.

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.