UiPath (NYSE:PATH) Trading Down 5% - Should You Sell?

UiPath Inc. (NYSE:PATH - Get Free Report)'s stock price was down 5% during trading on Monday . The stock traded as low as $12.60 and last traded at $12.64. Approximately 4,821,946 shares traded hands during trading, a decline of 55% from the average daily volume of 10,648,449 shares. The stock had previously closed at $13.31.

Wall Street Analyst Weigh In

A number of research firms have commented on PATH. Morgan Stanley boosted their price target on shares of UiPath from $12.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Monday. Needham & Company LLC reissued a "hold" rating on shares of UiPath in a research report on Friday, May 30th. Royal Bank of Canada increased their price objective on shares of UiPath from $13.00 to $15.00 and gave the stock a "sector perform" rating in a research note on Friday, May 30th. DA Davidson raised their target price on shares of UiPath from $11.00 to $14.00 and gave the stock a "neutral" rating in a research note on Friday, May 30th. Finally, Mizuho decreased their target price on shares of UiPath from $12.00 to $11.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Two investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $13.83.

UiPath Stock Up 1.6%

The firm's 50 day simple moving average is $11.65 and its 200 day simple moving average is $12.69. The company has a market capitalization of $7.31 billion, a PE ratio of -82.84 and a beta of 1.01.

UiPath (NYSE:PATH - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. The firm had revenue of $356.62 million during the quarter, compared to analyst estimates of $332.17 million. UiPath had a negative net margin of 6.49% and a negative return on equity of 4.14%. The business's revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 earnings per share. As a group, sell-side analysts predict that UiPath Inc. will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling at UiPath

In other news, CAO Hitesh Ramani sold 12,500 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $10.19, for a total transaction of $127,375.00. Following the completion of the transaction, the chief accounting officer now directly owns 314,891 shares of the company's stock, valued at $3,208,739.29. This represents a 3.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Ashim Gupta sold 98,795 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $12.01, for a total value of $1,186,527.95. Following the transaction, the chief financial officer now directly owns 987,322 shares of the company's stock, valued at approximately $11,857,737.22. The trade was a 9.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 23.19% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Norges Bank acquired a new position in UiPath in the 4th quarter valued at $71,191,000. Federated Hermes Inc. increased its stake in shares of UiPath by 479.3% in the 1st quarter. Federated Hermes Inc. now owns 5,720,096 shares of the company's stock worth $58,917,000 after acquiring an additional 4,732,712 shares during the last quarter. Senvest Management LLC increased its stake in shares of UiPath by 29.2% in the 4th quarter. Senvest Management LLC now owns 14,074,783 shares of the company's stock worth $178,890,000 after acquiring an additional 3,180,300 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of UiPath by 222.6% in the 1st 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 last quarter. Finally, AQR Capital Management LLC increased its stake in shares of UiPath by 45.3% in the 4th quarter. AQR Capital Management LLC now owns 6,646,320 shares of the company's stock worth $84,209,000 after acquiring an additional 2,072,089 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

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.