Insider Selling: UiPath (NYSE:PATH) COO Sells $869,904.84 in Stock

UiPath, Inc. (NYSE:PATH) COO Ashim Gupta sold 66,052 shares of the business’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $13.17, for a total value of $869,904.84. Following the transaction, the chief operating officer directly owned 1,902,434 shares of the company’s stock, valued at approximately $25,055,055.78. The trade was a 3.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Ashim Gupta also recently made the following trade(s):

• On Friday, September 11th, Ashim Gupta sold 117,339 shares of UiPath stock. The shares were sold at an average price of $13.85, for a total transaction of $1,625,145.15.

UiPath Trading Down 0.1%

Shares of UiPath stock opened at $13.09 on Thursday. The firm has a market capitalization of $6.82 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 1.23 and a beta of 1.01. The firm’s 50 day moving average is $14.75 and its 200 day moving average is $12.29. UiPath, Inc. has a 1 year low of $9.20 and a 1 year high of $19.84.

UiPath (NYSE:PATH) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.15 EPS for the quarter, meeting the consensus estimate 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 in the prior year, the firm earned $0.15 EPS. The firm’s revenue was up 13.3% compared to the same quarter last year. As a group, research analysts anticipate that UiPath, Inc. will post 0.49 earnings per share for the current year.

Institutional Investors Weigh In On UiPath

A number of institutional investors have recently modified their holdings of PATH. Trifecta Capital Advisors LLC bought a new position in UiPath during the second quarter worth $27,000. AdvisorNet Financial Inc lifted its holdings in UiPath by 750.0% in the first quarter. AdvisorNet Financial Inc now owns 3,400 shares of the company’s stock valued at $38,000 after buying an additional 3,000 shares during the period. Versant Capital Management Inc boosted its position in UiPath by 103.6% during the third quarter. Versant Capital Management Inc now owns 4,845 shares of the company’s stock valued at $62,000 after acquiring an additional 2,465 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in UiPath during the 2nd quarter worth about $57,000. Finally, Purpose Unlimited Inc. acquired a new stake in UiPath during the 4th quarter worth about $115,000. 62.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PATH has been the subject of a number of research reports. Needham & Company LLC reiterated a “buy” rating and issued a $22.00 price target on shares of UiPath in a research note on Wednesday, September 23rd. TD Cowen restated a “hold” rating and set a $16.00 price objective on shares of UiPath in a research report on Wednesday, September 23rd. Wells Fargo & Company upped their target price on UiPath from $13.00 to $15.00 and gave the stock an “equal weight” rating in a report on Friday, September 4th. Truist Financial dropped their target price on UiPath from $17.00 to $14.00 and set a “hold” rating for the company in a research report on Wednesday, September 23rd. Finally, New Street Research set a $15.00 price target on UiPath in a research note on Thursday, September 24th. Four investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $15.69.

About UiPath

UiPath, Inc is a software company that develops an enterprise automation platform designed to help organizations automate repetitive, rules-based and increasingly complex business processes. Its platform combines robotic process automation, artificial intelligence, workflow orchestration, process mining, document processing and application integration tools to support automation across departments and business systems.

UiPath offers products and services for discovering automation opportunities, building and managing software robots, processing documents and other unstructured data, and governing automation programs at scale.