UiPath (NYSE:PATH) CAO Sells $156,500.00 in Stock

Key Points

• UiPath CAO Hitesh Ramani sold 10,000 shares of the company's stock for $156,500.00, reducing his ownership by 4.70% to 202,776 shares.
• The company's stock price recently reached $15.94, with a significant trading volume of over 20 million shares.
• UiPath reported a 14.6% increase in revenue year-over-year, hitting $361.73 million for the quarter, and exceeded earnings expectations with an EPS of $0.15.

UiPath, Inc. (NYSE:PATH - Get Free Report) CAO Hitesh Ramani sold 10,000 shares of the company's stock in a transaction on Monday, October 20th. The shares were sold at an average price of $15.65, for a total transaction of $156,500.00. Following the completion of the transaction, the chief accounting officer owned 202,776 shares of the company's stock, valued at $3,173,444.40. This represents a 4.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Hitesh Ramani also recently made the following trade(s):

• On Friday, October 17th, Hitesh Ramani sold 10,000 shares of UiPath stock. The shares were sold at an average price of $15.73, for a total transaction of $157,300.00.
• On Wednesday, October 15th, Hitesh Ramani sold 10,000 shares of UiPath stock. The shares were sold at an average price of $16.68, for a total transaction of $166,800.00.
• On Monday, October 13th, Hitesh Ramani sold 10,000 shares of UiPath stock. The shares were sold at an average price of $17.01, for a total transaction of $170,100.00.

UiPath Price Performance

Shares of NYSE:PATH traded up $0.50 on Monday, reaching $15.94. The company's stock had a trading volume of 20,257,322 shares, compared to its average volume of 14,270,179. The stock's 50-day moving average is $12.52 and its two-hundred day moving average is $12.24. UiPath, Inc. has a 52-week low of $9.38 and a 52-week high of $18.74. The stock has a market capitalization of $8.46 billion, a P/E ratio of 531.17, a PEG ratio of 5.71 and a beta of 1.07.

UiPath (NYSE:PATH - Get Free Report) last announced its earnings results on Thursday, September 4th. The company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.07. UiPath had a net margin of 1.35% and a return on equity of 1.28%. The business had revenue of $361.73 million during the quarter, compared to analysts' expectations of $347.36 million. During the same period in the prior year, the company earned $0.04 earnings per share. The business's revenue was up 14.6% compared to the same quarter last year. UiPath has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Equities analysts forecast that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on PATH shares. Needham & Company LLC reaffirmed a "hold" rating on shares of UiPath in a report on Friday, September 5th. DA Davidson initiated coverage on shares of UiPath in a report on Friday, September 5th. They set a "neutral" rating and a $12.00 price target for the company. Zacks Research raised shares of UiPath from a "hold" rating to a "strong-buy" rating in a report on Monday, September 8th. Truist Financial cut their price target on shares of UiPath from $13.00 to $12.00 and set a "hold" rating for the company in a report on Friday, September 5th. Finally, Canaccord Genuity Group cut their price target on shares of UiPath from $16.00 to $15.00 and set a "buy" rating for the company in a report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, UiPath presently has a consensus rating of "Hold" and a consensus target price of $13.21.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Palumbo Wealth Management LLC grew its position in shares of UiPath by 41.0% in the first quarter. Palumbo Wealth Management LLC now owns 15,982 shares of the company's stock valued at $165,000 after purchasing an additional 4,645 shares during the last quarter. Archford Capital Strategies LLC grew its position in shares of UiPath by 68.4% in the first quarter. Archford Capital Strategies LLC now owns 98,733 shares of the company's stock valued at $1,017,000 after purchasing an additional 40,109 shares during the last quarter. Spire Wealth Management acquired a new stake in shares of UiPath in the first quarter valued at approximately $266,000. Graphene Investments SAS grew its position in shares of UiPath by 21.9% in the first quarter. Graphene Investments SAS now owns 248,100 shares of the company's stock valued at $2,555,000 after purchasing an additional 44,600 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of UiPath by 13.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,811 shares of the company's stock valued at $800,000 after purchasing an additional 9,125 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

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.

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