UiPath (NYSE:PATH) Insider Sells $373,516.52 in Stock

UiPath, Inc. (NYSE:PATH) insider Brad Brubaker sold 27,404 shares of the business’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $13.63, for a total value of $373,516.52. Following the completion of the transaction, the insider owned 1,066,107 shares of the company’s stock, valued at $14,531,038.41. This represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

UiPath Stock Performance

NYSE PATH opened at $13.67 on Friday. The stock has a market cap of $7.13 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 1.23 and a beta of 1.01. The business has a 50 day simple moving average of $14.74 and a 200 day simple moving average of $12.38. UiPath, Inc. has a 52-week low of $9.20 and a 52-week high of $19.84.

UiPath (NYSE:PATH) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. The firm had revenue of $410.26 million for the quarter, compared to analyst estimates of $397.77 million. UiPath had a net margin of 21.03% and a return on equity of 9.70%. The business’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 earnings per share. On average, analysts predict that UiPath, Inc. will post 0.49 EPS for the current year.

Institutional Investors Weigh In On UiPath

Hedge funds have recently bought and sold shares of the company. Trifecta Capital Advisors LLC bought a new position in shares of UiPath during the 2nd quarter worth approximately $27,000. CoreCap Advisors LLC grew its position in shares of UiPath by 68.7% during the 3rd quarter. CoreCap Advisors LLC now owns 2,679 shares of the company’s stock worth $34,000 after purchasing an additional 1,091 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in shares of UiPath by 750.0% in the first quarter. AdvisorNet Financial Inc now owns 3,400 shares of the company’s stock valued at $38,000 after buying an additional 3,000 shares during the period. Global Retirement Partners LLC acquired a new stake in UiPath during the second quarter worth approximately $57,000. Finally, Versant Capital Management Inc grew its position in UiPath by 103.6% during the third quarter. Versant Capital Management Inc now owns 4,845 shares of the company’s stock worth $62,000 after buying an additional 2,465 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PATH shares. Canaccord Genuity Group reduced their target price on shares of UiPath from $17.00 to $14.00 and set a “hold” rating for the company in a research note on Thursday, September 24th. Truist Financial cut their price target on UiPath from $17.00 to $14.00 and set a “hold” rating on the stock in a report on Wednesday, September 23rd. Citigroup assumed coverage on UiPath in a research report on Tuesday, September 8th. They set a “buy” rating and a $23.00 price objective for the company. BMO Capital Markets decreased their price objective on UiPath from $18.00 to $15.00 and set a “market perform” rating for the company in a report on Thursday, September 24th. Finally, New Street Research set a $15.00 target price on UiPath in a research report on Thursday, September 24th. Four equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.69.

About UiPath

UiPath, Inc is a software company that develops an enterprise automation platform designed to help organizations automate repetitive, rules-based and increasingly complex business processes. Its platform combines robotic process automation, artificial intelligence, workflow orchestration, process mining, document processing and application integration tools to support automation across departments and business systems.

UiPath offers products and services for discovering automation opportunities, building and managing software robots, processing documents and other unstructured data, and governing automation programs at scale.