UiPath (NYSE:PATH) Sees Strong Trading Volume – Should You Buy?

Shares of UiPath, Inc. (NYSE:PATH) saw an uptick in trading volume on Monday . 101,580,909 shares changed hands during trading, an increase of 153% from the previous session’s volume of 40,130,504 shares.The stock last traded at $12.4750 and had previously closed at $12.15.

Analyst Ratings Changes

PATH has been the subject of a number of research analyst reports. BMO Capital Markets dropped their target price on shares of UiPath from $14.00 to $13.00 and set a “market perform” rating for the company in a research note on Monday, June 1st. Wall Street Zen cut shares of UiPath from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. DA Davidson lowered their price target on shares of UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, May 29th. Needham & Company LLC restated a “buy” rating and issued a $15.00 price objective on shares of UiPath in a research report on Friday, May 29th. Finally, Bank of America boosted their price objective on shares of UiPath from $12.00 to $13.00 and gave the stock an “underperform” rating in a research report on Friday, May 29th. Two research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, UiPath currently has a consensus rating of “Hold” and a consensus target price of $13.80.

UiPath Price Performance

The stock has a 50-day moving average of $11.04 and a 200 day moving average of $11.82. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 1.46 and a beta of 0.98.

UiPath (NYSE:PATH) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. UiPath had a return on equity of 7.92% and a net margin of 19.58%.The firm had revenue of $418.38 million during the quarter, compared to analysts’ expectations of $397.54 million. During the same period in the previous year, the business posted $0.11 EPS. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. Sell-side analysts anticipate that UiPath, Inc. will post 0.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On UiPath

Several large investors have recently bought and sold shares of the business. HighMark Wealth Management LLC bought a new position in UiPath in the fourth quarter valued at approximately $25,000. Raleigh Capital Management Inc. acquired a new stake in UiPath during the 4th quarter worth $26,000. TD Waterhouse Canada Inc. raised its position 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 valued at $29,000 after acquiring an additional 1,652 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of UiPath during the 4th quarter valued at $37,000. Finally, AdvisorNet Financial Inc lifted its stake in shares of UiPath by 750.0% in the 1st quarter. AdvisorNet Financial Inc now owns 3,400 shares of the company’s stock valued at $38,000 after purchasing an additional 3,000 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.