Insider Selling: UiPath (NYSE:PATH) CFO Sells 67,468 Shares of Stock

UiPath, Inc. (NYSE:PATHGet Free Report) CFO Ashim Gupta sold 67,468 shares of UiPath stock in a transaction on Monday, January 5th. The stock was sold at an average price of $16.10, for a total transaction of $1,086,234.80. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Thursday, October 9th, Ashim Gupta sold 240,874 shares of UiPath stock. The stock was sold at an average price of $17.28, for a total transaction of $4,162,302.72.

UiPath Trading Up 8.0%

NYSE PATH traded up $1.28 on Tuesday, hitting $17.31. The company’s stock had a trading volume of 29,872,934 shares, compared to its average volume of 31,325,168. The firm has a market cap of $9.25 billion, a P/E ratio of 41.20, a PEG ratio of 4.80 and a beta of 1.08. UiPath, Inc. has a 52-week low of $9.38 and a 52-week high of $19.84. The company’s 50-day simple moving average is $15.56 and its 200 day simple moving average is $13.69.

UiPath (NYSE:PATHGet Free Report) last announced its quarterly earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $411.11 million for the quarter, compared to analysts’ expectations of $392.46 million. UiPath had a net margin of 14.79% and a return on equity of 3.73%. UiPath’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.11 earnings per share. On average, research analysts forecast that UiPath, Inc. will post -0.17 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on PATH. Mizuho boosted their price target on UiPath from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. UBS Group reissued a “neutral” rating on shares of UiPath in a research report on Thursday, December 4th. Cowen reaffirmed a “hold” rating on shares of UiPath in a report on Thursday, December 4th. Canaccord Genuity Group lifted their price target on shares of UiPath from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Finally, BMO Capital Markets increased their price objective on shares of UiPath from $13.00 to $17.00 and gave the company a “market perform” rating in a research report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.85.

Check Out Our Latest Stock Analysis on PATH

Institutional Trading of UiPath

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Hudson Bay Capital Management LP purchased a new position in UiPath in the 2nd quarter worth approximately $102,559,000. Norges Bank bought a new position in shares of UiPath during the second quarter worth $68,451,000. AQR Capital Management LLC grew its stake in UiPath by 76.0% during the second 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 in the last quarter. TFG Asset Management GP Ltd grew its stake in UiPath by 53.3% during the second quarter. TFG Asset Management GP Ltd now owns 13,722,244 shares of the company’s stock valued at $175,645,000 after acquiring an additional 4,772,244 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new stake in UiPath in the 2nd quarter valued at $59,561,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

UiPath News Summary

Here are the key news stories impacting UiPath this week:

UiPath Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for UiPath (NYSE:PATH)

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