UiPath (NYSE:PATH) Stock Price Down 7.4% – What’s Next?

UiPath, Inc. (NYSE:PATH)’s share price fell 7.4% on Monday . The stock traded as low as $16.01 and last traded at $16.1250. 23,681,234 shares were traded during trading, an increase of 52% from the average session volume of 15,560,432 shares. The stock had previously closed at $17.42.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Zacks Research downgraded shares of UiPath from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Barclays lifted their target price on UiPath from $14.00 to $16.00 and gave the company an “equal weight” rating in a research report on Thursday, December 4th. Truist Financial set a $17.00 price target on UiPath in a research report on Thursday, December 4th. Royal Bank Of Canada raised their price objective on UiPath from $16.00 to $19.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 10th. Finally, Evercore ISI lifted their price objective on UiPath from $15.00 to $17.00 and gave the company an “in-line” rating in a research report on Thursday, December 4th. One analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, UiPath presently has an average rating of “Hold” and a consensus price target of $16.00.

UiPath Stock Down 7.4%

The business has a 50 day moving average price of $15.48 and a two-hundred day moving average price of $13.29. The stock has a market cap of $8.62 billion, a P/E ratio of 38.39, a price-to-earnings-growth ratio of 5.19 and a beta of 1.10.

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

Insiders Place Their Bets

In related news, CEO Daniel Dines sold 122,734 shares of the firm’s stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $14.89, for a total transaction of $1,827,509.26. Following the completion of the transaction, the chief executive officer directly owned 613,670 shares of the company’s stock, valued at approximately $9,137,546.30. This trade represents a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ashim Gupta sold 240,874 shares of UiPath stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $17.28, for a total transaction of $4,162,302.72. Following the completion of the sale, the chief financial officer owned 696,117 shares in the company, valued at approximately $12,028,901.76. This represents a 25.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 2,391,582 shares of company stock valued at $35,767,934. 23.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On UiPath

A number of hedge funds have recently made changes to their positions in PATH. GAMMA Investing LLC grew its holdings in UiPath by 48.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,989 shares of the company’s stock valued at $38,000 after buying an additional 969 shares in the last quarter. Covestor Ltd raised its holdings 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. boosted its position 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 grew its holdings in shares of UiPath by 3.6% in the third quarter. Wealthfront Advisers LLC now owns 32,886 shares of the company’s stock valued at $440,000 after purchasing an additional 1,149 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of UiPath by 0.4% in the second 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 purchasing an additional 1,190 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other 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.