UiPath (NYSE:PATH) Stock Price Down 8.6% – Time to Sell?

UiPath, Inc. (NYSE:PATH) shares were down 8.6% during mid-day trading on Thursday . The company traded as low as $10.04 and last traded at $9.9550. Approximately 3,832,468 shares traded hands during trading, a decline of 88% from the average daily volume of 30,746,316 shares. The stock had previously closed at $10.89.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PATH shares. Morgan Stanley upgraded shares of UiPath from an “equal weight” rating to a “positive” rating in a research note on Friday, March 13th. Royal Bank Of Canada set a $14.00 price target on shares of UiPath in a research note on Wednesday, February 11th. DA Davidson dropped their price target on shares of UiPath from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, March 12th. Zacks Research lowered shares of UiPath from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. Finally, UBS Group dropped their price target on shares of UiPath from $17.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, March 12th. Three analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, UiPath currently has a consensus rating of “Hold” and an average price target of $14.07.

UiPath Stock Down 7.7%

The business’s 50 day moving average is $11.04 and its 200-day moving average is $13.82. The firm has a market cap of $5.27 billion, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 1.77 and a beta of 1.03.

UiPath (NYSE:PATH) last released its quarterly earnings data on Wednesday, March 11th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. The firm had revenue of $481.11 million during the quarter, compared to the consensus estimate of $464.81 million. UiPath had a net margin of 17.53% and a return on equity of 5.69%. The firm’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.26 earnings per share. As a group, equities analysts predict that UiPath, Inc. will post 0.32 earnings per share for the current year.

Insider Buying and Selling

In other UiPath news, CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction on Monday, January 26th. The shares were sold at an average price of $15.01, for a total value of $675,450.00. Following the completion of the transaction, the chief executive officer owned 27,893,585 shares of the company’s stock, valued at $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 available through this link. 23.19% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On UiPath

A number of hedge funds have recently added to or reduced their stakes in PATH. Noble Wealth Management PBC acquired a new position in UiPath in the fourth quarter worth $25,000. HighMark Wealth Management LLC acquired a new position in shares of UiPath during the fourth quarter valued at $25,000. Raleigh Capital Management Inc. acquired a new position in shares of UiPath during the fourth quarter valued at $26,000. TD Waterhouse Canada Inc. boosted its holdings in shares of UiPath by 1,270.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock valued at $29,000 after acquiring an additional 1,652 shares during the period. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of UiPath during the fourth quarter valued at $37,000. Institutional investors and hedge funds 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. 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.