UiPath (NYSE:PATH) Trading Down 5% - What's Next?

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PATH shares. Wells Fargo & Company reissued an "equal weight" rating on shares of UiPath in a report on Friday, May 30th. Morgan Stanley increased their target price on shares of UiPath from $12.00 to $15.00 and gave the company an "equal weight" rating in a report on Monday. Bank of America restated an "underperform" rating and issued a $10.00 price target (down previously from $18.00) on shares of UiPath in a report on Thursday, March 13th. Needham & Company LLC reaffirmed a "hold" rating on shares of UiPath in a research note on Friday, May 30th. Finally, UBS Group lowered their target price on UiPath from $14.00 to $10.00 and set a "sell" rating on the stock in a report on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, UiPath currently has a consensus rating of "Hold" and a consensus price target of $13.83.

UiPath Stock Performance

The firm has a fifty day moving average of $11.70 and a 200 day moving average of $12.70. The firm has a market capitalization of $7.29 billion, a PE ratio of -82.59 and a beta of 1.06.

UiPath (NYSE:PATH - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $356.62 million for 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 quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 earnings per share. Research analysts forecast that UiPath Inc. will post -0.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other UiPath news, CAO Hitesh Ramani sold 12,500 shares of the firm'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 sale, the chief accounting officer now owns 314,891 shares in the company, valued at $3,208,739.29. This trade represents a 3.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ashim Gupta sold 98,795 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $12.01, for a total value of $1,186,527.95. Following the completion of the transaction, the chief financial officer now directly owns 987,322 shares in the company, 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. 23.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of UiPath in the 4th quarter worth about $71,191,000. Federated Hermes Inc. increased its holdings 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 valued at $58,917,000 after acquiring an additional 4,732,712 shares during the last quarter. Senvest Management LLC raised its position in shares of UiPath by 29.2% during the 4th quarter. Senvest Management LLC now owns 14,074,783 shares of the company's stock valued at $178,890,000 after acquiring an additional 3,180,300 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of UiPath by 222.6% during the 1st quarter. Acadian Asset Management LLC now owns 4,241,047 shares of the company's stock valued at $43,667,000 after acquiring an additional 2,926,263 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in UiPath by 45.3% during the fourth quarter. AQR Capital Management LLC now owns 6,646,320 shares of the company's stock worth $84,209,000 after purchasing an additional 2,072,089 shares during the last quarter. 62.50% of the stock is currently owned by 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.