UiPath (NYSE:PATH) Trading Down 5.2% – Time to Sell?

Shares of UiPath, Inc. (NYSE:PATH) fell 5.2% on Friday . The stock traded as low as $12.53 and last traded at $12.5650. 26,620,069 shares were traded during trading, an increase of 0% from the average session volume of 26,511,711 shares. The stock had previously closed at $13.25.

Analyst Ratings Changes

PATH has been the topic of several recent research reports. Royal Bank Of Canada cut their target price on shares of UiPath from $19.00 to $17.00 and set a “sector perform” rating on the stock in a research note on Monday, January 5th. Canaccord Genuity Group raised their target price on UiPath from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Wells Fargo & Company lifted their price target on shares of UiPath from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 4th. Barclays lifted their price target on UiPath from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Monday, January 12th. Finally, Needham & Company LLC restated a “hold” rating on shares of UiPath in a research note on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, UiPath presently has a consensus rating of “Hold” and an average price target of $16.00.

UiPath Stock Down 5.2%

The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 29.92, a price-to-earnings-growth ratio of 4.14 and a beta of 1.08. The company has a 50 day moving average of $15.83 and a 200 day moving average of $13.99.

UiPath (NYSE:PATH) last released its earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $411.11 million during the quarter, compared to the consensus estimate of $392.46 million. UiPath had a net margin of 14.79% and a return on equity of 3.73%. UiPath’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.11 earnings per share. On average, research analysts forecast that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Transactions at UiPath

In related news, CFO Ashim Gupta sold 67,468 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $16.10, for a total transaction of $1,086,234.80. Following the sale, the chief financial officer directly owned 557,028 shares of the company’s stock, valued at approximately $8,968,150.80. This represents a 10.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Daniel Dines sold 45,000 shares of the firm’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $15.01, for a total transaction of $675,450.00. Following the completion of the transaction, the chief executive officer directly owned 27,893,585 shares in the company, valued at $418,682,710.85. This represents a 0.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,040,048 shares of company stock worth $17,290,244. Company insiders own 23.19% of the company’s stock.

Institutional Trading of UiPath

Several hedge funds have recently added to or reduced their stakes in PATH. D.A. Davidson & CO. boosted its stake in UiPath by 23.8% during the third quarter. D.A. Davidson & CO. now owns 752,448 shares of the company’s stock valued at $10,068,000 after buying an additional 144,832 shares in the last quarter. Inspire Investing LLC acquired a new stake in UiPath during the 2nd quarter worth about $891,000. AlphaQuest LLC lifted its stake in UiPath by 863.9% during the second quarter. AlphaQuest LLC now owns 42,847 shares of the company’s stock valued at $548,000 after buying an additional 38,402 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of UiPath by 7.3% in the second quarter. Russell Investments Group Ltd. now owns 1,445,644 shares of the company’s stock worth $18,448,000 after buying an additional 98,058 shares during the period. Finally, CWM LLC increased its position in shares of UiPath by 96.2% in the second quarter. CWM LLC now owns 312,073 shares of the company’s stock worth $3,995,000 after acquiring an additional 152,988 shares in the last quarter. Institutional investors 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. 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.