UiPath (NYSE:PATH) Posts Quarterly Earnings Results, Misses Estimates By $0.11 EPS

UiPath (NYSE:PATH) posted its quarterly earnings data on Wednesday. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.11), Zacks reports. UiPath had a return on equity of 1.28% and a net margin of 1.35%.

UiPath Trading Up 4.2%

Shares of UiPath stock traded up $0.60 on Wednesday, hitting $14.90. 38,556,340 shares of the company traded hands, compared to its average volume of 14,864,771. The company has a market cap of $7.91 billion, a PE ratio of 496.53, a PEG ratio of 5.22 and a beta of 1.10. The stock’s 50 day moving average price is $14.62 and its 200-day moving average price is $12.97. UiPath has a 52 week low of $9.38 and a 52 week high of $18.74.

Insiders Place Their Bets

In other UiPath news, CFO Ashim Gupta sold 240,874 shares of the firm’s stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $17.28, for a total transaction of $4,162,302.72. Following the transaction, the chief financial officer owned 696,117 shares of the company’s stock, valued at approximately $12,028,901.76. This trade represents a 25.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Daniel Dines sold 122,734 shares of the stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $14.89, for a total value of $1,827,509.26. Following the sale, the chief executive officer directly owned 613,670 shares in the company, valued at $9,137,546.30. This trade represents a 16.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,319,002 shares of company stock worth $34,094,875 in the last three months. Corporate insiders own 23.19% of the company’s stock.

Institutional Trading of UiPath

Several large investors have recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. raised its stake in shares of UiPath by 1,400.0% in the third quarter. Newbridge Financial Services Group Inc. now owns 7,500 shares of the company’s stock worth $100,000 after purchasing an additional 7,000 shares during the last quarter. Teza Capital Management LLC acquired a new position in UiPath in the 2nd quarter worth approximately $131,000. Banque Cantonale Vaudoise purchased a new position in UiPath during the 3rd quarter worth approximately $141,000. Mairs & Power Inc. acquired a new stake in UiPath during the 3rd quarter valued at approximately $162,000. Finally, Occudo Quantitative Strategies LP acquired a new stake in UiPath during the 2nd quarter valued at approximately $163,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Truist Financial decreased their price objective on shares of UiPath from $13.00 to $12.00 and set a “hold” rating on the stock in a research report on Friday, September 5th. DA Davidson started coverage on UiPath in a research note on Friday, September 5th. They issued a “neutral” rating and a $12.00 price target for the company. Canaccord Genuity Group decreased their price target on UiPath from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, September 8th. Zacks Research lowered UiPath from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, UBS Group set a $17.00 target price on UiPath and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Two investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, UiPath presently has an average rating of “Hold” and a consensus target price of $13.71.

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.