UiPath (NYSE:PATH) Trading Down 5.2% – Time to Sell?

UiPath, Inc. (NYSE:PATH)’s share price was down 5.2% during trading on Friday . The company traded as low as $12.53 and last traded at $12.5650. Approximately 26,620,069 shares were traded during mid-day trading, an increase of 0% from the average daily volume of 26,511,711 shares. The stock had previously closed at $13.25.

Wall Street Analysts Forecast Growth

PATH has been the subject of several research analyst reports. DA Davidson lifted their price objective on UiPath from $12.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Royal Bank Of Canada dropped their price target on shares of UiPath from $19.00 to $17.00 and set a “sector perform” rating on the stock in a report on Monday, January 5th. Mizuho lifted their price target on shares of UiPath from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Wall Street Zen upgraded shares of UiPath from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, BMO Capital Markets raised their target price on shares of UiPath from $13.00 to $17.00 and gave the stock a “market perform” rating in a report 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $16.00.

UiPath Stock Performance

The company’s 50-day moving average price is $15.82 and its 200 day moving average price is $14.00. The stock has a market cap of $6.72 billion, a PE ratio of 29.92, a price-to-earnings-growth ratio of 3.89 and a beta of 1.08.

UiPath (NYSE:PATH) last announced its earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. UiPath had a net margin of 14.79% and a return on equity of 3.73%. The company had revenue of $411.11 million during the quarter, compared to analyst estimates of $392.46 million. During the same period in the previous year, the business posted $0.11 earnings per share. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, sell-side analysts anticipate that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Buying and Selling at UiPath

In other UiPath news, CEO Daniel Dines sold 45,000 shares of the business’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $15.01, for a total transaction of $675,450.00. Following the completion of the sale, the chief executive officer owned 27,893,585 shares of the company’s stock, valued at approximately $418,682,710.85. The trade was a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Ashim Gupta sold 67,468 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was 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 of the company’s stock, valued at approximately $8,968,150.80. The trade was a 10.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,040,048 shares of company stock valued at $17,290,244 over the last 90 days. 23.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PATH. Sigma Planning Corp purchased a new stake in UiPath in the 4th quarter worth approximately $1,159,000. New York State Teachers Retirement System boosted its position in shares of UiPath by 149.2% in the fourth quarter. New York State Teachers Retirement System now owns 99,713 shares of the company’s stock worth $1,634,000 after purchasing an additional 59,695 shares during the period. Wealthfront Advisers LLC boosted its position in shares of UiPath by 25.5% in the fourth quarter. Wealthfront Advisers LLC now owns 41,269 shares of the company’s stock worth $676,000 after purchasing an additional 8,383 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of UiPath in the fourth quarter worth $319,000. Finally, M&T Bank Corp raised its position in shares of UiPath by 39.6% during the 4th quarter. M&T Bank Corp now owns 21,258 shares of the company’s stock valued at $348,000 after purchasing an additional 6,031 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

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.