UiPath (NYSE:PATH) Stock Price Up 3.5% – Time to Buy?

UiPath, Inc. (NYSE:PATH) shot up 3.5% during mid-day trading on Monday . The stock traded as high as $16.83 and last traded at $16.6920. 21,599,102 shares traded hands during mid-day trading, an increase of 38% from the average session volume of 15,612,920 shares. The stock had previously closed at $16.12.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on PATH shares. Cowen reissued a “hold” rating on shares of UiPath in a research report on Thursday, December 4th. Barclays increased their price target on UiPath from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 4th. BMO Capital Markets raised their price objective on UiPath from $13.00 to $17.00 and gave the stock a “market perform” rating in a report on Thursday, December 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of UiPath in a research note on Monday, December 15th. Finally, UBS Group reiterated a “neutral” rating on shares of UiPath in a research report on Thursday, December 4th. One analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, UiPath currently has a consensus rating of “Hold” and a consensus target price of $16.00.

UiPath Stock Performance

The stock has a fifty day moving average price of $15.48 and a 200-day moving average price of $13.40. The firm has a market cap of $8.93 billion, a PE ratio of 39.74, a PEG ratio of 4.87 and a beta of 1.10.

UiPath (NYSE:PATH) last announced its quarterly earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share for the quarter, beating 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 firm had revenue of $411.11 million for the quarter, compared to analysts’ expectations of $392.46 million. During the same period in the previous year, the company posted $0.11 earnings per share. UiPath’s revenue was up 15.9% compared to the same quarter last year. As a group, equities analysts predict that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Brad Brubaker sold 27,580 shares of the business’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $18.55, for a total transaction of $511,609.00. Following the transaction, the insider directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction on Friday, December 19th. The stock was sold at an average price of $16.07, for a total transaction of $723,150.00. Following the sale, the chief executive officer directly owned 28,793,585 shares in the company, valued at $462,712,910.95. This trade represents a 0.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 2,203,383 shares of company stock valued at $34,402,960 in the last ninety days. Company insiders own 23.19% of the company’s stock.

Institutional Trading of UiPath

Several large investors have recently modified their holdings of PATH. Twin Peaks Wealth Advisors LLC purchased a new position in UiPath in the second quarter valued at about $28,000. AdvisorNet Financial Inc raised its stake in shares of UiPath by 320.4% in the 2nd quarter. AdvisorNet Financial Inc now owns 2,476 shares of the company’s stock valued at $32,000 after purchasing an additional 1,887 shares in the last quarter. GAMMA Investing LLC increased its holdings 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. IFP Advisors Inc increased its holdings in shares of UiPath by 508.0% in the 2nd quarter. IFP Advisors Inc now owns 3,283 shares of the company’s stock valued at $42,000 after acquiring an additional 2,743 shares during the last quarter. Finally, Bayforest Capital Ltd grew its position in shares of UiPath by 852.4% during the 2nd quarter. Bayforest Capital Ltd now owns 4,143 shares of the company’s stock valued at $53,000 after buying an additional 3,708 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

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. 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.