UiPath (NYSE:PATH) Shares Down 6% - Here's Why

Key Points

• Shares fell 6% to about $13.26 on Thursday with volume of 31.7M shares (≈20% above average), leaving the stock below its 50‑day moving average ($15.82) but near its 200‑day average ($13.99).
• Analysts keep a consensus "Hold" rating with a $16 target, though several firms raised targets this week (Mizuho $15, Wells Fargo $14, Truist $17, Canaccord $19) and the broker mix is 1 Strong Buy, 1 Buy, 14 Hold, 1 Sell.
• UiPath's latest quarter beat estimates (EPS $0.16 vs. $0.14; revenue $411.1M vs. $392.5M, +15.9% YoY), but FY consensus still expects negative EPS, and insiders have sold ~1.09M shares in the past 90 days.

UiPath, Inc. (NYSE:PATH - Get Free Report) shares fell 6% during trading on Thursday . The stock traded as low as $13.01 and last traded at $13.2630. 31,688,153 shares traded hands during trading, an increase of 20% from the average session volume of 26,479,711 shares. The stock had previously closed at $14.11.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PATH shares. TD Cowen reissued a "hold" rating on shares of UiPath in a report on Thursday, December 4th. Mizuho increased their price target on shares of UiPath from $14.00 to $15.00 and gave the stock a "neutral" rating in a research note on Thursday, December 4th. Wells Fargo & Company raised their price objective on shares of UiPath from $12.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 4th. Truist Financial set a $17.00 target price on shares of UiPath in a report on Thursday, December 4th. Finally, Canaccord Genuity Group raised their price target on UiPath from $15.00 to $19.00 and gave the stock a "buy" rating in a report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, UiPath has a consensus rating of "Hold" and a consensus target price of $16.00.

UiPath Price Performance

The company has a 50-day simple moving average of $15.82 and a 200-day simple moving average of $13.99. The stock has a market cap of $7.09 billion, a PE ratio of 31.58, a PEG ratio of 4.21 and a beta of 1.08.

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

Insider Buying and Selling at UiPath

In other UiPath news, CFO Ashim Gupta sold 67,468 shares of the business'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 sale, the chief financial officer directly owned 557,028 shares in the company, valued at approximately $8,968,150.80. The trade was a 10.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Daniel Dines sold 45,000 shares of the firm's stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $19.21, for a total transaction of $864,450.00. Following the transaction, the chief executive officer directly owned 29,153,585 shares of the company's stock, valued at approximately $560,040,367.85. This trade represents a 0.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,085,048 shares of company stock valued at $17,997,644. 23.19% of the stock is currently owned by insiders.

Hedge Funds Weigh In On UiPath

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Noble Wealth Management PBC acquired a new stake in shares of UiPath during the fourth quarter worth approximately $25,000. Raleigh Capital Management Inc. acquired a new position in UiPath during the 4th quarter worth $26,000. TD Waterhouse Canada Inc. increased its position in shares of UiPath by 1,270.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company's stock worth $29,000 after purchasing an additional 1,652 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of UiPath in the 2nd quarter worth about $28,000. Finally, CoreCap Advisors LLC raised its stake in shares of UiPath by 92.3% in the 4th quarter. CoreCap Advisors LLC now owns 2,579 shares of the company's stock valued at $42,000 after purchasing an additional 1,238 shares in 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. 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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