UiPath (NYSE:PATH) Trading Up 3.2% – Should You Buy?

UiPath, Inc. (NYSE:PATH)’s stock price was up 3.2% on Monday . The company traded as high as $19.84 and last traded at $19.2650. Approximately 31,878,472 shares changed hands during mid-day trading, an increase of 106% from the average daily volume of 15,446,133 shares. The stock had previously closed at $18.67.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PATH. Needham & Company LLC reissued a “hold” rating on shares of UiPath in a research note on Thursday, December 4th. Mizuho lifted their target price on shares of UiPath from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Weiss Ratings restated a “sell (d+)” rating on shares of UiPath in a research report on Thursday, October 30th. Truist Financial set a $17.00 price objective on shares of UiPath in a research note on Thursday, December 4th. Finally, UBS Group reiterated a “neutral” rating on shares of UiPath in a research report on Thursday, December 4th. One investment analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $16.00.

UiPath Trading Down 1.6%

The firm has a market capitalization of $9.91 billion, a PE ratio of 44.45, a PEG ratio of 7.04 and a beta of 1.10. The firm’s fifty day moving average price is $15.29 and its 200 day moving average price is $13.21.

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

Insider Activity

In related news, insider Brad Brubaker sold 27,580 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $18.55, for a total value of $511,609.00. Following the completion of the sale, the insider owned 635,359 shares of the company’s stock, valued at approximately $11,785,909.45. The trade was a 4.16% decrease in their position. The sale was disclosed in a filing with the SEC, 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 Wednesday, December 10th. The shares were sold at an average price of $18.61, for a total transaction of $837,450.00. Following the transaction, the chief executive officer directly owned 29,108,585 shares in the company, valued at approximately $541,710,766.85. The trade was a 0.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 2,391,582 shares of company stock valued at $35,767,934. 23.19% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On UiPath

Several institutional investors and hedge funds have recently modified their holdings of PATH. GAMMA Investing LLC increased its position 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 during the last quarter. Covestor Ltd boosted its stake in shares of UiPath by 17.7% during the 3rd quarter. Covestor Ltd now owns 6,522 shares of the company’s stock worth $87,000 after acquiring an additional 981 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of UiPath by 0.8% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 123,329 shares of the company’s stock valued at $1,579,000 after acquiring an additional 1,033 shares during the last quarter. Wealthfront Advisers LLC increased its holdings in shares of UiPath by 3.6% during the 3rd quarter. Wealthfront Advisers LLC now owns 32,886 shares of the company’s stock valued at $440,000 after acquiring an additional 1,149 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of 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 valued at $4,019,000 after acquiring an additional 1,190 shares in the last quarter. Institutional investors and hedge funds 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.