Insider Selling: UiPath (NYSE:PATH) COO Sells $1,625,145.15 in Stock

UiPath, Inc. (NYSE:PATH) COO Ashim Gupta sold 117,339 shares of the firm’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $13.85, for a total value of $1,625,145.15. Following the completion of the sale, the chief operating officer directly owned 2,037,377 shares of the company’s stock, valued at approximately $28,217,671.45. This trade represents a 5.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

UiPath Stock Down 4.3%

NYSE:PATH opened at $13.62 on Thursday. UiPath, Inc. has a fifty-two week low of $9.20 and a fifty-two week high of $19.84. The stock has a market cap of $7.05 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 1.39 and a beta of 1.02. The firm’s fifty day simple moving average is $14.35 and its 200-day simple moving average is $12.14.

UiPath (NYSE:PATH) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. UiPath had a net margin of 21.03% and a return on equity of 9.70%. The business had revenue of $410.26 million during the quarter, compared to the consensus estimate of $397.77 million. During the same quarter last year, the firm posted $0.15 EPS. The business’s revenue was up 13.3% compared to the same quarter last year. Equities analysts anticipate that UiPath, Inc. will post 0.47 earnings per share for the current year.

Institutional Trading of UiPath

Several institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new stake in shares of UiPath during the fourth quarter worth $120,176,000. Capital Impact Advisors LLC purchased a new stake in shares of UiPath in the fourth quarter valued at $52,261,000. BlackRock Inc. increased its stake in UiPath by 7.2% in the second quarter. BlackRock Inc. now owns 46,153,124 shares of the company’s stock valued at $501,684,000 after purchasing an additional 3,097,822 shares during the last quarter. Geode Capital Management LLC increased its stake in UiPath by 25.6% in the fourth quarter. Geode Capital Management LLC now owns 7,499,989 shares of the company’s stock valued at $122,951,000 after purchasing an additional 1,528,454 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its position in UiPath by 8,065.7% during the second quarter. Squarepoint Ops LLC now owns 1,497,555 shares of the company’s stock worth $16,278,000 after buying an additional 1,516,355 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

PATH has been the topic of several research analyst reports. New Street Research set a $13.00 price target on UiPath in a research note on Monday, June 1st. Barclays upped their price target on UiPath from $14.00 to $17.00 and gave the stock an “equal weight” rating in a report on Friday, September 4th. Needham & Company LLC lifted their price objective on UiPath from $15.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. Weiss Ratings raised UiPath from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, September 9th. Finally, Mizuho boosted their target price on UiPath from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Friday, September 4th. Three analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.75.

About UiPath

UiPath Inc (NYSE: PATH) develops enterprise automation software designed to help organizations automate repetitive, rules-based and increasingly complex business processes. Its platform combines robotic process automation (RPA), artificial intelligence, workflow orchestration and process intelligence to support automation across areas such as finance, customer service, human resources, information technology and operations.

The UiPath Platform includes tools for discovering and analyzing business processes, building and managing software robots, processing documents, testing applications and coordinating automated workflows.