UiPath (NYSE:PATH) Shares Up 8.8% – Time to Buy?

Shares of UiPath, Inc. (NYSE:PATH) traded up 8.8% during trading on Monday . The stock traded as high as $12.65 and last traded at $12.7480. 8,758,151 shares traded hands during trading, a decline of 73% from the average session volume of 32,133,486 shares. The stock had previously closed at $11.72.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. TD Cowen decreased their target price on shares of UiPath from $16.00 to $13.00 and set a “hold” rating for the company in a research report on Thursday, March 12th. Truist Financial lowered their target price on shares of UiPath from $17.00 to $12.00 and set a “hold” rating for the company in a research note on Thursday, March 12th. Morgan Stanley lowered their target price on shares of UiPath from $17.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday. Mizuho lowered their target price on shares of UiPath from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, March 12th. Finally, Royal Bank Of Canada set a $14.00 target price on shares of UiPath in a research note on Wednesday, February 11th. Two research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $13.93.

UiPath Stock Performance

The business’s 50 day moving average is $10.73 and its 200 day moving average is $12.90. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 1.95 and a beta of 0.96.

UiPath (NYSE:PATH) last released its earnings results on Thursday, May 28th. The company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. The company had revenue of $418.38 million during the quarter, compared to analysts’ expectations of $397.54 million. UiPath had a net margin of 19.58% and a return on equity of 7.92%. UiPath’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period last year, the business earned $0.11 EPS. Sell-side analysts predict that UiPath, Inc. will post 0.31 EPS for the current year.

Institutional Trading of UiPath

A number of institutional investors have recently bought and sold shares of PATH. Royal Bank of Canada boosted its stake in UiPath by 8.4% in the 1st quarter. Royal Bank of Canada now owns 140,774 shares of the company’s stock worth $1,450,000 after purchasing an additional 10,872 shares in the last quarter. Woodline Partners LP boosted its stake in UiPath by 69.6% in the 1st quarter. Woodline Partners LP now owns 22,566 shares of the company’s stock worth $232,000 after purchasing an additional 9,257 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in UiPath by 5.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,477,730 shares of the company’s stock worth $15,221,000 after buying an additional 75,737 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in UiPath during the 2nd quarter worth approximately $169,000. Finally, Prudential Financial Inc. raised its position in UiPath by 90.1% during the 2nd quarter. Prudential Financial Inc. now owns 34,029 shares of the company’s stock worth $436,000 after buying an additional 16,125 shares during the last quarter. 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.