UiPath (NYSE:PATH) Shares Up 1.2% - Here's What Happened

Key Points

• UiPath shares rose 1.2% to $16.67 with a trading volume that was 133% higher than the average, indicating strong investor interest.
• Analyst ratings for UiPath are mixed, with one firm upgrading the stock to a "strong-buy," while several others maintain a "hold" or "sell" rating.
• In recent insider trading, CEO Daniel Dines sold over 122,000 shares, reducing his ownership by 25%, while institutional investors currently hold 62.50% of the stock.

Shares of UiPath, Inc. (NYSE:PATH - Get Free Report) shot up 1.2% during mid-day trading on Wednesday . The stock traded as high as $17.20 and last traded at $16.67. 32,755,600 shares changed hands during trading, an increase of 133% from the average session volume of 14,073,240 shares. The stock had previously closed at $16.48.

Analyst Ratings Changes

Several research firms have recently issued reports on PATH. DA Davidson assumed coverage on shares of UiPath in a report on Friday, September 5th. They set a "neutral" rating and a $12.00 target price for the company. Wall Street Zen raised shares of UiPath from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 6th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of UiPath in a research report on Wednesday, October 8th. Zacks Research raised shares of UiPath from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 8th. Finally, BMO Capital Markets boosted their price objective 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 research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, UiPath presently has an average rating of "Hold" and a consensus target price of $13.21.

UiPath Trading Up 1.2%

The firm's 50-day moving average price is $12.21 and its 200-day moving average price is $12.11. The stock has a market capitalization of $8.85 billion, a PE ratio of 555.70, a PEG ratio of 6.34 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, beating the consensus estimate of $0.08 by $0.07. The firm had revenue of $361.73 million for the quarter, compared to analysts' expectations of $347.36 million. UiPath had a net margin of 1.35% and a return on equity of 1.28%. The business's revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.04 EPS. UiPath has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, equities research analysts predict that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Daniel Dines sold 122,734 shares of the stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $17.06, for a total value of $2,093,842.04. Following the sale, the chief executive officer directly owned 368,202 shares of the company's stock, valued at $6,281,526.12. This represents a 25.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Hitesh Ramani sold 10,000 shares of the stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $17.01, for a total transaction of $170,100.00. Following the completion of the sale, the chief accounting officer directly owned 252,776 shares in the company, valued at $4,299,719.76. This trade represents a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,008,676 shares of company stock valued at $28,049,737. Company insiders own 23.19% of the company's stock.

Hedge Funds Weigh In On UiPath

A number of hedge funds have recently added to or reduced their stakes in PATH. Vanguard Group Inc. boosted its stake in shares of UiPath by 3.0% during the first quarter. Vanguard Group Inc. now owns 48,061,096 shares of the company's stock valued at $495,029,000 after purchasing an additional 1,396,972 shares in the last quarter. TFG Asset Management GP Ltd lifted its position in UiPath by 53.3% during the second 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. AQR Capital Management LLC raised its holdings in shares of UiPath by 76.0% in 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. Federated Hermes Inc. raised its holdings in shares of UiPath by 40.7% in the second quarter. Federated Hermes Inc. now owns 8,048,321 shares of the company's stock worth $103,019,000 after buying an additional 2,328,225 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of UiPath by 5.0% in the second quarter. State Street Corp now owns 8,032,345 shares of the company's stock worth $102,814,000 after buying an additional 378,851 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

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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