UiPath (NYSE:PATH) Trading Down 3.9% After Insider Selling

UiPath, Inc. (NYSE:PATH) dropped 3.9% during mid-day trading on Tuesday after an insider sold shares in the company. The company traded as low as $14.09 and last traded at $14.33. Approximately 18,892,153 shares were traded during trading, a decline of 29% from the average daily volume of 26,774,426 shares. The stock had previously closed at $14.91.

Specifically, CEO Daniel Dines sold 45,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer owned 27,893,585 shares in the company, valued at $418,682,710.85. This represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Daniel Dines sold 45,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $15.02, for a total transaction of $675,900.00. Following the completion of the sale, the chief executive officer owned 27,983,585 shares of the company’s stock, valued at approximately $420,313,446.70. This trade represents a 0.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Barclays increased their target price on shares of UiPath from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Monday, January 12th. Evercore ISI raised their price objective on UiPath from $15.00 to $17.00 and gave the stock an “in-line” rating in a research report on Thursday, December 4th. BMO Capital Markets raised their price target on UiPath from $13.00 to $17.00 and gave the stock a “market perform” rating in a research report on Thursday, December 4th. Royal Bank Of Canada dropped their price target on shares of UiPath from $19.00 to $17.00 and set a “sector perform” rating for the company in a research note on Monday, January 5th. Finally, Needham & Company LLC restated a “hold” rating on shares of UiPath in a research note on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $16.00.

UiPath Stock Down 3.9%

The company has a market capitalization of $7.66 billion, a price-to-earnings ratio of 34.12, a PEG ratio of 4.34 and a beta of 1.08. The stock has a fifty day moving average price of $15.80 and a two-hundred day moving average price of $13.98.

UiPath (NYSE:PATH) last posted 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 for the quarter, compared to analysts’ expectations of $392.46 million. During the same quarter last year, the firm earned $0.11 earnings per share. The business’s revenue was up 15.9% on a year-over-year basis. As a group, research analysts forecast that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On UiPath

Hedge funds and other institutional investors have recently made changes to their positions in the business. Prakash Investment Advisors LLC bought a new stake in shares of UiPath in the 4th quarter worth $272,000. Waterfront Wealth Inc. increased its position in UiPath by 89.2% in the 4th quarter. Waterfront Wealth Inc. now owns 38,544 shares of the company’s stock worth $577,000 after purchasing an additional 18,174 shares during the last quarter. TD Waterhouse Canada Inc. increased its stake in shares of UiPath by 1,270.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock worth $29,000 after purchasing an additional 1,652 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of UiPath by 6.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 152,267 shares of the company’s stock valued at $2,496,000 after acquiring an additional 9,636 shares in the last quarter. Finally, Merit Financial Group LLC raised its holdings in UiPath by 135.2% in the 4th quarter. Merit Financial Group LLC now owns 73,519 shares of the company’s stock worth $1,205,000 after acquiring an additional 42,258 shares during the period. 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.