UiPath (NYSE:PATH) Shares Gap Up - Here's Why

Key Points

• UiPath's stock price gapped up from a close of $12.56 to an opening of $15.18, indicating strong market interest.
• Analysts have recently revised ratings, with Zacks Research upgrading UiPath to a "strong-buy" and a consensus price target of $13.18.
• UiPath reported a quarterly earnings beat with an EPS of $0.15, surpassing the consensus estimate of $0.08, alongside a year-over-year revenue growth of 14.6%.

UiPath, Inc. (NYSE:PATH - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $12.56, but opened at $15.18. UiPath shares last traded at $14.39, with a volume of 28,744,776 shares.

Analyst Ratings Changes

A number of equities analysts have issued reports on PATH shares. Zacks Research raised UiPath from a "hold" rating to a "strong-buy" rating in a report on Monday, September 8th. DA Davidson initiated coverage on UiPath in a research note on Friday, September 5th. They issued a "neutral" rating and a $12.00 price objective for the company. Truist Financial decreased their price target on shares of UiPath from $13.00 to $12.00 and set a "hold" rating for the company in a research report on Friday, September 5th. Wall Street Zen upgraded shares of UiPath from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 6th. Finally, Canaccord Genuity Group decreased their price objective on UiPath from $16.00 to $15.00 and set a "buy" rating for the company in a report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $13.18.

UiPath Stock Up 10.9%

The firm has a market cap of $7.40 billion, a price-to-earnings ratio of 465.20, a PEG ratio of 4.67 and a beta of 1.02. The firm has a 50 day moving average of $11.52 and a 200 day moving average of $11.80.

UiPath (NYSE:PATH - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.08 by $0.07. The company had revenue of $361.73 million during the quarter, compared to the consensus estimate of $347.36 million. UiPath had a net margin of 1.35% and a return on equity of 1.28%. The company's quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.04 EPS. UiPath has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Equities analysts expect that UiPath, Inc. will post -0.17 EPS for the current year.

Insider Buying and Selling

In related news, CEO Daniel Dines sold 122,733 shares of the business's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $11.71, for a total value of $1,437,203.43. Following the transaction, the chief executive officer directly owned 2,454,667 shares of the company's stock, valued at approximately $28,744,150.57. The trade was a 4.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ashim Gupta sold 56,322 shares of the business's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $12.72, for a total transaction of $716,415.84. Following the completion of the transaction, the chief financial officer owned 859,991 shares in the company, valued at approximately $10,939,085.52. The trade was a 6.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,432,708 shares of company stock worth $17,630,156 in the last 90 days. Company insiders own 23.19% of the company's stock.

Institutional Trading of UiPath

A number of institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in UiPath by 48.0% in the second quarter. GAMMA Investing LLC now owns 2,989 shares of the company's stock valued at $38,000 after buying an additional 969 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of UiPath by 0.8% in the second quarter. Rockefeller Capital Management L.P. now owns 123,329 shares of the company's stock worth $1,579,000 after buying an additional 1,033 shares during the last quarter. Xponance Inc. boosted its stake in shares of UiPath by 2.0% in the first quarter. Xponance Inc. now owns 54,246 shares of the company's stock worth $559,000 after buying an additional 1,054 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in UiPath by 0.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 313,946 shares of the company's stock worth $4,019,000 after purchasing an additional 1,190 shares in the last quarter. Finally, Covestor Ltd boosted its position in UiPath by 13.1% in the 1st quarter. Covestor Ltd now owns 11,070 shares of the company's stock worth $114,000 after purchasing an additional 1,283 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.