UiPath (NYSE:PATH) Shares Down 5.2% - Here's What Happened

Key Points

• Shares fell 5.2% on Friday to $12.565, with about 26.62 million shares traded versus an average session volume near 26.51 million (previous close $13.25).
• Analysts have a consensus "Hold" rating on UiPath with a consensus price target of $16.00, though individual broker moves were mixed (e.g., Morgan Stanley raised its target to $19 while RBC trimmed its target to $17).
• UiPath beat last quarter's estimates (EPS $0.16 vs. $0.14; revenue $411.11M vs. $392.46M, +15.9% YoY), but analysts forecast -$0.17 EPS for the current year and insiders have sold roughly 1.04 million shares in the past 90 days.

Shares of UiPath, Inc. (NYSE:PATH - Get Free Report) fell 5.2% during trading on Friday . The stock traded as low as $12.53 and last traded at $12.5650. 26,620,069 shares traded hands during mid-day trading, an increase of 0% from the average session volume of 26,511,711 shares. The stock had previously closed at $13.25.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PATH. Needham & Company LLC restated a "hold" rating on shares of UiPath in a research report on Thursday, December 4th. Wells Fargo & Company increased their target price on UiPath from $12.00 to $14.00 and gave the company an "equal weight" rating in a research report on Thursday, December 4th. Morgan Stanley increased their price target on UiPath from $15.00 to $19.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 9th. UBS Group reissued a "neutral" rating on shares of UiPath in a research report on Thursday, December 4th. Finally, Royal Bank Of Canada dropped their price objective on shares of UiPath from $19.00 to $17.00 and set a "sector perform" rating on the stock in a report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, UiPath has a consensus rating of "Hold" and a consensus price target of $16.00.

UiPath Stock Performance

The business has a 50-day simple moving average of $15.83 and a 200 day simple moving average of $13.99. The firm has a market cap of $6.72 billion, a P/E ratio of 29.92, a price-to-earnings-growth ratio of 4.14 and a beta of 1.08.

UiPath (NYSE:PATH - Get Free Report) last posted its quarterly earnings data on Wednesday, December 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The business had revenue of $411.11 million during the quarter, compared to the consensus estimate of $392.46 million. UiPath had a return on equity of 3.73% and a net margin of 14.79%.The firm's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 earnings per share. On average, research analysts expect that UiPath, Inc. will post -0.17 EPS for the current year.

Insiders Place Their Bets

In other UiPath news, CEO Daniel Dines sold 45,000 shares of the company's stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $19.21, for a total value of $864,450.00. Following the completion of the transaction, the chief executive officer directly owned 29,153,585 shares in the company, valued at $560,040,367.85. This represents a 0.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Ashim Gupta sold 67,468 shares of the company's stock in a transaction on Monday, January 5th. The stock was sold at an average price of $16.10, for a total transaction of $1,086,234.80. Following the transaction, the chief financial officer owned 557,028 shares of the company's stock, valued at approximately $8,968,150.80. This represents a 10.80% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,040,048 shares of company stock worth $17,290,244. Company insiders own 23.19% of the company's stock.

Institutional Investors Weigh In On UiPath

A number of large investors have recently bought and sold shares of PATH. Hudson Bay Capital Management LP purchased a new stake in UiPath during the second quarter worth $102,559,000. Norges Bank purchased a new position in UiPath in the 2nd quarter worth approximately $68,451,000. AQR Capital Management LLC boosted its stake in UiPath by 76.0% during the second quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company's stock worth $145,732,000 after buying an additional 4,926,341 shares during the last quarter. TFG Asset Management GP Ltd boosted its position in shares of UiPath by 53.3% during the 2nd quarter. TFG Asset Management GP Ltd now owns 13,722,244 shares of the company's stock valued at $175,645,000 after acquiring an additional 4,772,244 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new position in UiPath in the 2nd quarter valued at about $59,561,000. Hedge funds and other institutional investors own 62.50% of the company's stock.

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. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric.

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