UiPath (NYSE:PATH) Insider Brad Brubaker Sells 27,580 Shares of Stock

UiPath, Inc. (NYSE:PATH) insider Brad Brubaker sold 27,580 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $18.55, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Brad Brubaker also recently made the following trade(s):

• On Wednesday, October 15th, Brad Brubaker sold 27,580 shares of UiPath stock. The shares were sold at an average price of $16.68, for a total value of $460,034.40.
• On Monday, October 6th, Brad Brubaker sold 66,665 shares of UiPath stock. The shares were sold at an average price of $15.00, for a total value of $999,975.00.
• On Tuesday, September 30th, Brad Brubaker sold 16,083 shares of UiPath stock. The stock was sold at an average price of $15.00, for a total value of $241,245.00.

UiPath Stock Performance

Shares of NYSE PATH traded up $0.60 during trading on Monday, hitting $19.27. 31,991,911 shares of the company were exchanged, compared to its average volume of 15,446,572. The company has a fifty day moving average price of $14.93 and a 200-day moving average price of $13.08. The firm has a market capitalization of $10.23 billion, a PE ratio of 45.87, a P/E/G ratio of 6.93 and a beta of 1.10. UiPath, Inc. has a 12-month low of $9.38 and a 12-month high of $19.84.

UiPath (NYSE:PATH) last posted its earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share 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 3.83%. The company had revenue of $411.11 million for the quarter, compared to analyst estimates of $392.46 million. During the same period in the previous year, the business posted $0.11 EPS. UiPath’s revenue was up 15.9% on a year-over-year basis. Research analysts anticipate that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PATH has been the subject of several analyst reports. Mizuho increased their price objective on UiPath from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday. Zacks Research lowered UiPath from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. UBS Group reissued a “neutral” rating on shares of UiPath in a research report on Thursday. Barclays upped their target price on shares of UiPath from $14.00 to $16.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Wall Street Zen lowered shares of UiPath from a “strong-buy” rating to a “buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $15.46.

Hedge Funds Weigh In On UiPath

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC acquired a new position in UiPath in the 2nd quarter valued at about $28,000. AdvisorNet Financial Inc grew its holdings in shares of UiPath by 320.4% in the second 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 in the last quarter. GAMMA Investing LLC grew its holdings in shares of UiPath by 48.0% in the second quarter. GAMMA Investing LLC now owns 2,989 shares of the company’s stock valued at $38,000 after purchasing an additional 969 shares in the last quarter. IFP Advisors Inc increased its stake in UiPath by 508.0% during 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, Brooklyn Investment Group lifted its holdings in UiPath by 314.3% during the 1st quarter. Brooklyn Investment Group now owns 4,508 shares of the company’s stock worth $46,000 after buying an additional 3,420 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

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.