UiPath (NYSE:PATH) Shares Down 1.8% – Here’s Why

Shares of UiPath, Inc. (NYSE:PATH) fell 1.8% on Wednesday . The stock traded as low as $14.08 and last traded at $14.0950. 15,935,357 shares changed hands during trading, a decline of 39% from the average session volume of 26,033,594 shares. The stock had previously closed at $14.36.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. UBS Group reiterated a “neutral” rating on shares of UiPath in a research report on Thursday, December 4th. Wells Fargo & Company increased their target price on UiPath from $12.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday, December 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of UiPath in a report on Thursday, December 4th. Zacks Research upgraded shares of UiPath from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Finally, DA Davidson raised their target price on shares of UiPath from $12.00 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. One investment 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $16.00.

UiPath Stock Performance

The stock’s fifty day moving average is $15.81 and its 200 day moving average is $13.99. The stock has a market cap of $7.54 billion, a P/E ratio of 33.56, a P/E/G ratio of 4.37 and a beta of 1.08.

UiPath (NYSE:PATH) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $411.11 million during the quarter, compared to analyst estimates of $392.46 million. UiPath had a return on equity of 3.73% and a net margin of 14.79%.UiPath’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company earned $0.11 EPS. Equities research analysts predict that UiPath, Inc. will post -0.17 EPS for the current year.

Insider Buying and Selling at UiPath

In related news, CFO Ashim Gupta sold 67,468 shares of UiPath stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $16.10, for a total value of $1,086,234.80. Following the completion of the sale, the chief financial officer owned 557,028 shares in the company, valued at approximately $8,968,150.80. This trade represents a 10.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Daniel Dines sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $19.21, for a total transaction of $864,450.00. Following the transaction, the chief executive officer owned 29,153,585 shares of the company’s stock, valued at $560,040,367.85. This trade represents a 0.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,085,048 shares of company stock worth $17,997,644. Insiders own 23.19% of the company’s stock.

Institutional Investors Weigh In On UiPath

Several large investors have recently modified their holdings of the stock. HB Wealth Management LLC lifted its position in shares of UiPath by 63.9% during the 4th quarter. HB Wealth Management LLC now owns 17,376 shares of the company’s stock valued at $285,000 after acquiring an additional 6,776 shares during the period. M&T Bank Corp raised its holdings in UiPath by 885.5% during the fourth quarter. M&T Bank Corp now owns 150,065 shares of the company’s stock worth $2,460,000 after purchasing an additional 134,838 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in UiPath by 15.1% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 215,753 shares of the company’s stock valued at $3,573,000 after purchasing an additional 28,253 shares during the last quarter. Prakash Investment Advisors LLC purchased a new position in shares of UiPath in the fourth quarter valued at $272,000. Finally, Waterfront Wealth Inc. raised its stake in shares of UiPath by 89.2% during the 4th quarter. Waterfront Wealth Inc. now owns 38,544 shares of the company’s stock worth $577,000 after buying an additional 18,174 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.