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

UiPath, Inc. (NYSE:PATH)’s share price fell 1.8% on Friday . The company traded as low as $16.72 and last traded at $16.8580. 16,911,313 shares were traded during trading, an increase of 8% from the average session volume of 15,714,047 shares. The stock had previously closed at $17.16.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Mizuho upped their price target on UiPath from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Wells Fargo & Company upped their price objective on shares of UiPath from $12.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday, December 4th. Royal Bank Of Canada lifted their target price on shares of UiPath from $16.00 to $19.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 10th. Wall Street Zen cut shares of UiPath from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Finally, UBS Group reiterated a “neutral” rating on shares of UiPath in a research note on Thursday, December 4th. One analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.00.

UiPath Stock Performance

The stock has a market capitalization of $9.01 billion, a P/E ratio of 40.14, a price-to-earnings-growth ratio of 5.19 and a beta of 1.10. The firm has a 50-day moving average price of $15.50 and a 200 day moving average price of $13.49.

UiPath (NYSE:PATH) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business 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%. The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the business earned $0.11 earnings per share. On average, equities analysts anticipate that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Daniel Dines sold 45,000 shares of the stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $16.49, for a total transaction of $742,050.00. Following the completion of the sale, the chief executive officer directly owned 28,748,585 shares in the company, valued at $474,064,166.65. This represents a 0.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brad Brubaker sold 27,580 shares of UiPath stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $18.55, for a total value of $511,609.00. Following the completion of the transaction, the insider directly owned 635,359 shares in the company, valued at $11,785,909.45. This trade represents a 4.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 2,002,917 shares of company stock valued at $32,135,597. Company insiders own 23.19% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC bought a new stake in UiPath during the 2nd quarter valued at $28,000. AdvisorNet Financial Inc increased its holdings in UiPath by 320.4% during the 2nd quarter. AdvisorNet Financial Inc now owns 2,476 shares of the company’s stock valued at $32,000 after purchasing an additional 1,887 shares during the period. GAMMA Investing LLC raised its position in UiPath by 48.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,989 shares of the company’s stock valued at $38,000 after purchasing an additional 969 shares during the last quarter. IFP Advisors Inc lifted its holdings in UiPath by 508.0% in the 2nd quarter. IFP Advisors Inc now owns 3,283 shares of the company’s stock worth $42,000 after buying an additional 2,743 shares during the period. Finally, Bayforest Capital Ltd grew its position in shares of UiPath by 852.4% in the 2nd quarter. Bayforest Capital Ltd now owns 4,143 shares of the company’s stock worth $53,000 after buying an additional 3,708 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

About UiPath

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.