UiPath (NYSE:PATH) Trading Down 1.8% – Should You Sell?

UiPath, Inc. (NYSE:PATH)’s share price dropped 1.8% during trading on Wednesday . The company traded as low as $14.08 and last traded at $14.0950. Approximately 15,935,357 shares changed hands during trading, a decline of 39% from the average daily volume of 26,033,594 shares. The stock had previously closed at $14.36.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PATH shares. Zacks Research upgraded shares of UiPath from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Wall Street Zen lowered UiPath from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. BMO Capital Markets upped their price objective on shares of UiPath from $13.00 to $17.00 and gave the company a “market perform” rating in a research note on Thursday, December 4th. Evercore ISI upped their price target on shares of UiPath from $15.00 to $17.00 and gave the company an “in-line” rating in a research report on Thursday, December 4th. Finally, Mizuho lifted their target price on UiPath from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $16.00.

UiPath Stock Down 1.8%

The stock has a 50 day simple moving average of $15.81 and a 200 day simple moving average of $13.99. The company has a market cap of $7.54 billion, a price-to-earnings ratio of 33.56, a PEG ratio of 4.37 and a beta of 1.08.

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

Insider Buying and Selling at UiPath

In related news, CEO Daniel Dines sold 45,000 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $19.21, for a total transaction of $864,450.00. Following the transaction, the chief executive officer directly owned 29,153,585 shares in the company, valued at $560,040,367.85. The trade was a 0.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Ashim Gupta sold 67,468 shares of UiPath stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $16.10, for a total transaction of $1,086,234.80. Following the sale, the chief financial officer owned 557,028 shares in the company, valued at approximately $8,968,150.80. This trade represents a 10.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,085,048 shares of company stock worth $17,997,644. 23.19% of the stock is currently owned by company insiders.

Institutional Trading of UiPath

Hedge funds and other institutional investors have recently made changes to their positions in the business. D.A. Davidson & CO. lifted its position in shares of UiPath by 23.8% during the third quarter. D.A. Davidson & CO. now owns 752,448 shares of the company’s stock valued at $10,068,000 after purchasing an additional 144,832 shares in the last quarter. Inspire Investing LLC purchased a new stake in UiPath in the 2nd quarter worth about $891,000. AlphaQuest LLC lifted its position in shares of UiPath by 863.9% during the second quarter. AlphaQuest LLC now owns 42,847 shares of the company’s stock worth $548,000 after acquiring an additional 38,402 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of UiPath by 7.3% in the second quarter. Russell Investments Group Ltd. now owns 1,445,644 shares of the company’s stock valued at $18,448,000 after acquiring an additional 98,058 shares during the period. Finally, CWM LLC grew its stake in UiPath by 96.2% in the 2nd quarter. CWM LLC now owns 312,073 shares of the company’s stock worth $3,995,000 after buying an additional 152,988 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

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.