UiPath (NYSE:PATH) Reaches New 12-Month High – Should You Buy?

UiPath, Inc. (NYSE:PATH)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $18.98 and last traded at $18.52, with a volume of 7503846 shares. The stock had previously closed at $18.48.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Mizuho raised their target price on UiPath from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday. Wells Fargo & Company raised their price objective on UiPath from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday. Zacks Research cut UiPath from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Barclays boosted their price objective on UiPath from $14.00 to $16.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Needham & Company LLC reissued a “hold” rating on shares of UiPath in a report on Thursday. Two equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, UiPath has a consensus rating of “Hold” and a consensus price target of $15.64.

UiPath Stock Down 0.2%

The stock has a fifty day simple moving average of $14.80 and a 200 day simple moving average of $13.03. The firm has a market capitalization of $9.79 billion, a P/E ratio of 43.70, a PEG ratio of 5.50 and a beta of 1.10.

UiPath (NYSE:PATH) last released its earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $411.11 million during the quarter, compared to analysts’ expectations of $392.46 million. UiPath had a return on equity of 3.83% and a net margin of 14.79%.The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $0.11 earnings per share. Research analysts anticipate that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Activity at UiPath

In other news, CAO Hitesh Ramani sold 5,000 shares of the business’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $15.47, for a total value of $77,350.00. Following the transaction, the chief accounting officer owned 182,776 shares of the company’s stock, valued at approximately $2,827,544.72. The trade was a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Daniel Dines sold 45,000 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $15.07, for a total transaction of $678,150.00. Following the transaction, the chief executive officer owned 29,288,585 shares of the company’s stock, valued at approximately $441,378,975.95. This represents a 0.15% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 2,319,002 shares of company stock worth $34,094,875. Company insiders own 23.19% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Hudson Bay Capital Management LP bought a new stake in shares of UiPath in the second quarter worth about $102,559,000. Norges Bank bought a new position in UiPath during the second quarter valued at approximately $68,451,000. AQR Capital Management LLC grew its holdings in UiPath by 76.0% during the 2nd quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock valued at $145,732,000 after buying an additional 4,926,341 shares in the last quarter. TFG Asset Management GP Ltd increased its stake in UiPath by 53.3% in the 2nd quarter. TFG Asset Management GP Ltd now owns 13,722,244 shares of the company’s stock worth $175,645,000 after acquiring an additional 4,772,244 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new stake in UiPath in the 2nd quarter worth approximately $59,561,000. Hedge funds and other 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.