Ashim Gupta Sells 56,322 Shares of UiPath, Inc. (NYSE:PATH) Stock

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

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 value of $1,186,527.95.

UiPath Stock Performance

UiPath stock traded up $0.42 during midday trading on Friday, hitting $13.27. 6,853,764 shares of the company were exchanged, compared to its average volume of 10,418,757. The business has a fifty day simple moving average of $12.57 and a two-hundred day simple moving average of $12.48. The firm has a market capitalization of $7.10 billion, a PE ratio of -110.57, a price-to-earnings-growth ratio of 16.83 and a beta of 1.04. UiPath, Inc. has a fifty-two week low of $9.38 and a fifty-two week high of $15.93.

UiPath (NYSE:PATH - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $0.11 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $332.17 million. During the same quarter in the previous year, the company earned $0.13 EPS. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, equities analysts expect that UiPath, Inc. will post -0.17 earnings per share for the current year.

Analysts Set New Price Targets

PATH has been the topic of several recent research reports. Barclays reaffirmed an "equal weight" rating on shares of UiPath in a research report on Friday, May 30th. Evercore ISI increased their price target on shares of UiPath from $11.00 to $15.00 and gave the stock an "in-line" rating in a research report on Friday, May 30th. Truist Financial boosted their price objective on UiPath from $12.00 to $13.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. Needham & Company LLC reissued a "hold" rating on shares of UiPath in a report on Friday, May 30th. Finally, Morgan Stanley upped their price objective 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. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, UiPath presently has a consensus rating of "Hold" and a consensus target price of $13.83.

Hedge Funds Weigh In On UiPath

A number of institutional investors have recently made changes to their positions in the stock. Truist Financial Corp purchased a new position in shares of UiPath in the fourth quarter valued at $307,000. Bank of New York Mellon Corp lifted its holdings in shares of UiPath by 2.8% during the fourth quarter. Bank of New York Mellon Corp now owns 2,437,756 shares of the company's stock valued at $30,984,000 after purchasing an additional 66,100 shares during the last quarter. Amalgamated Bank lifted its stake in UiPath by 3.1% in the 4th quarter. Amalgamated Bank now owns 28,148 shares of the company's stock worth $358,000 after acquiring an additional 836 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of UiPath during the fourth quarter worth $307,000. Finally, SVB Wealth LLC acquired a new stake in shares of UiPath in the 4th quarter valued at $385,000. 62.50% of the stock is owned by institutional investors and hedge funds.

UiPath Company Profile

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.