UiPath (NYSE:PATH) Stock Price Up 1.5% – Still a Buy?

UiPath, Inc. (NYSE:PATH)’s share price was up 1.5% during trading on Friday . The stock traded as high as $11.68 and last traded at $11.3450. Approximately 23,675,266 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 28,777,217 shares. The stock had previously closed at $11.18.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PATH. TD Cowen restated a “hold” rating on shares of UiPath in a report on Thursday, December 4th. Evercore boosted their price target on shares of UiPath from $15.00 to $17.00 and gave the company an “in-line” rating in a research report on Thursday, December 4th. Wells Fargo & Company raised their price objective on UiPath from $12.00 to $14.00 and gave the stock an “equal weight” rating in a report on Thursday, December 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of UiPath in a research report on Monday, December 29th. Finally, Needham & Company LLC reissued a “hold” rating on shares of UiPath in a report on Thursday, December 4th. One equities research analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $15.77.

UiPath Stock Performance

The company has a 50-day moving average of $15.44 and a 200-day moving average of $13.98. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 1.65 and a beta of 1.07.

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

Insiders Place Their Bets

In other news, CEO Daniel Dines sold 45,000 shares of the firm’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $19.21, for a total value of $864,450.00. Following the completion of the sale, the chief executive officer owned 29,153,585 shares in the company, valued at approximately $560,040,367.85. This trade represents a 0.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ashim Gupta sold 67,468 shares of UiPath stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $16.10, for a total transaction of $1,086,234.80. Following the completion of the sale, the chief financial officer directly owned 557,028 shares in the company, valued at approximately $8,968,150.80. The trade was a 10.80% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 950,048 shares of company stock valued at $15,881,744. 23.19% of the stock is owned by insiders.

Institutional Investors Weigh In On UiPath

Several institutional investors have recently modified their holdings of PATH. Vanguard Group Inc. increased its stake in UiPath by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 49,114,941 shares of the company’s stock valued at $804,994,000 after purchasing an additional 1,219,057 shares in the last quarter. TFG Asset Management GP Ltd raised its stake in shares of UiPath by 53.3% during the 2nd quarter. TFG Asset Management GP Ltd now owns 13,722,244 shares of the company’s stock worth $175,645,000 after buying an additional 4,772,244 shares during the last quarter. State Street Corp boosted its position in shares of UiPath by 66.4% in the 4th quarter. State Street Corp now owns 13,004,786 shares of the company’s stock worth $213,148,000 after buying an additional 5,189,438 shares in the last quarter. AQR Capital Management LLC grew its stake in UiPath by 76.0% in the 2nd quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock valued at $145,732,000 after acquiring an additional 4,926,341 shares during the last quarter. Finally, Morgan Stanley grew its stake in UiPath by 54.0% in the 4th quarter. Morgan Stanley now owns 9,310,304 shares of the company’s stock valued at $152,596,000 after acquiring an additional 3,262,930 shares during the last quarter. Hedge funds and other 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.