UiPath (NYSE:PATH) Shares Down 7.8% - Here's What Happened

Key Points

• UiPath shares fell by 7.8%, trading as low as $14.70 after closing at $16.28, with trading volume increasing significantly to approximately 26.6 million shares.
• Wall Street analysts have mixed ratings for UiPath, with a majority giving a "Hold" rating and a price target averaging around $13.21.
• Insider trading activity has been notable, with notable sales by the CEO and CFO, leading to a 16.67% and 25.71% decrease in their respective ownership of the stock.

UiPath, Inc. (NYSE:PATH - Get Free Report) shares dropped 7.8% on Wednesday . The stock traded as low as $14.70 and last traded at $15.02. Approximately 26,616,073 shares traded hands during trading, an increase of 85% from the average daily volume of 14,357,880 shares. The stock had previously closed at $16.28.

Wall Street Analysts Forecast Growth

PATH has been the topic of several recent research reports. Cowen reaffirmed a "hold" rating on shares of UiPath in a research report on Friday, September 5th. Truist Financial dropped their price target on shares of UiPath from $13.00 to $12.00 and set a "hold" rating on the stock in a research report on Friday, September 5th. Canaccord Genuity Group dropped their price target on shares of UiPath from $16.00 to $15.00 and set a "buy" rating on the stock in a research report on Monday, September 8th. Weiss Ratings reissued a "sell (d)" rating on shares of UiPath in a research report on Wednesday, October 8th. Finally, BMO Capital Markets lifted their price target on shares of UiPath from $12.50 to $13.00 and gave the company a "market perform" rating in a research report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, UiPath has an average rating of "Hold" and an average price target of $13.21.

UiPath Stock Down 7.8%

The stock's 50-day moving average is $12.75 and its 200-day moving average is $12.31. The firm has a market cap of $7.97 billion, a P/E ratio of 500.50, a price-to-earnings-growth ratio of 5.89 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 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $347.36 million. During the same quarter in the previous year, the firm posted $0.04 earnings per share. UiPath'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. As a group, analysts expect that UiPath, Inc. will post -0.17 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Daniel Dines sold 122,734 shares of the business's stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $14.89, for a total transaction of $1,827,509.26. Following the transaction, the chief executive officer owned 613,670 shares of the company's stock, valued at approximately $9,137,546.30. The trade was a 16.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Ashim Gupta sold 240,874 shares of UiPath stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $17.28, for a total transaction of $4,162,302.72. Following the sale, the chief financial officer owned 696,117 shares in the company, valued at $12,028,901.76. This represents a 25.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,143,990 shares of company stock worth $30,782,181 in the last ninety days. 23.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On UiPath

A number of institutional investors have recently bought and sold shares of PATH. Twin Peaks Wealth Advisors LLC acquired a new stake in UiPath during the second quarter worth $28,000. AdvisorNet Financial Inc boosted its stake in UiPath by 320.4% during the second quarter. AdvisorNet Financial Inc now owns 2,476 shares of the company's stock worth $32,000 after buying an additional 1,887 shares in the last quarter. GAMMA Investing LLC boosted its stake in UiPath by 48.0% during the second quarter. GAMMA Investing LLC now owns 2,989 shares of the company's stock worth $38,000 after buying an additional 969 shares in the last quarter. IFP Advisors Inc boosted its stake in UiPath by 508.0% during the second quarter. IFP Advisors Inc now owns 3,283 shares of the company's stock worth $42,000 after buying an additional 2,743 shares in the last quarter. Finally, Brooklyn Investment Group boosted its stake in UiPath by 314.3% during the first quarter. Brooklyn Investment Group now owns 4,508 shares of the company's stock worth $46,000 after buying an additional 3,420 shares in the last quarter. Institutional investors and hedge funds 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.

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