UiPath (NYSE:PATH) Releases Earnings Results, Misses Estimates By $0.06 EPS

UiPath (NYSE:PATH) released its quarterly earnings data on Thursday. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.06), Zacks reports. UiPath had a return on equity of 7.92% and a net margin of 19.58%.

UiPath Stock Up 0.6%

Shares of PATH traded up $0.10 during trading hours on Thursday, hitting $18.09. The company had a trading volume of 57,811,989 shares, compared to its average volume of 46,094,867. The firm has a market cap of $9.37 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 2.17 and a beta of 1.02. The business has a fifty day moving average of $13.66 and a 200-day moving average of $11.87. UiPath has a 12 month low of $9.20 and a 12 month high of $19.84.

Insider Activity

In related news, CEO Daniel Dines sold 1,402,347 shares of UiPath stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $16.07, for a total transaction of $22,535,716.29. Following the completion of the sale, the chief executive officer owned 26,491,238 shares of the company’s stock, valued at approximately $425,714,194.66. The trade was a 5.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 22.44% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PATH. Meeder Advisory Services Inc. grew its holdings in shares of UiPath by 7.6% in the fourth quarter. Meeder Advisory Services Inc. now owns 12,132 shares of the company’s stock valued at $199,000 after acquiring an additional 861 shares in the last quarter. Advisory Services Network LLC lifted its holdings in UiPath by 13.2% during the fourth quarter. Advisory Services Network LLC now owns 13,735 shares of the company’s stock worth $225,000 after acquiring an additional 1,597 shares during the period. Atlas Capital Advisors Inc. bought a new stake in UiPath during the fourth quarter worth $37,000. Prosperity Wealth Management Inc. boosted its position in UiPath by 12.7% in the third quarter. Prosperity Wealth Management Inc. now owns 23,900 shares of the company’s stock worth $320,000 after purchasing an additional 2,700 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in UiPath by 18.7% in the fourth quarter. CIBC Asset Management Inc now owns 17,924 shares of the company’s stock worth $294,000 after purchasing an additional 2,826 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PATH shares. Royal Bank Of Canada raised their target price on shares of UiPath from $12.00 to $15.00 and gave the company a “sector perform” rating in a research note on Friday, August 14th. Morgan Stanley lowered their price target on UiPath from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, May 29th. UBS Group upped their price objective on UiPath from $12.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday. Needham & Company LLC raised their price objective on UiPath from $15.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday. Finally, BMO Capital Markets cut their price objective on UiPath from $14.00 to $13.00 and set a “market perform” rating for the company in a research report on Monday, June 1st. Two analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $14.80.

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.