UiPath (NYSE:PATH) Insider Raghavendra Malpani Sells 29,564 Shares of Company Stock

UiPath, Inc. (NYSE:PATH) insider Raghavendra Malpani sold 29,564 shares of the business’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $13.51, for a total transaction of $399,409.64. Following the sale, the insider directly owned 1,514,281 shares in the company, valued at $20,457,936.31. This trade represents a 1.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Raghavendra Malpani also recently made the following trade(s):

• On Thursday, September 17th, Raghavendra Malpani sold 40,464 shares of UiPath stock. The stock was sold at an average price of $14.00, for a total transaction of $566,496.00.

UiPath Trading Down 0.6%

Shares of NYSE PATH traded down $0.07 during mid-day trading on Tuesday, hitting $13.24. The company had a trading volume of 26,230,294 shares, compared to its average volume of 46,021,117. The company has a market capitalization of $6.90 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 1.27 and a beta of 1.01. The firm has a 50-day simple moving average of $14.78 and a two-hundred day simple moving average of $12.33. UiPath, Inc. has a one year low of $9.20 and a one year high of $19.84.

UiPath (NYSE:PATH) last released its earnings results on Thursday, September 3rd. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. UiPath had a return on equity of 9.70% and a net margin of 21.03%. The business had revenue of $410.26 million for the quarter, compared to analyst estimates of $397.77 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. UiPath’s revenue was up 13.3% on a year-over-year basis. Sell-side analysts expect that UiPath, Inc. will post 0.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PATH shares. Barclays increased their price objective on UiPath from $14.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, September 4th. HC Wainwright restated a “buy” rating on shares of UiPath in a report on Friday, September 4th. Bank of America upped their price target on shares of UiPath from $13.00 to $15.00 and gave the stock an “underperform” rating in a research report on Friday, September 4th. New Street Research set a $15.00 price target on shares of UiPath in a research report on Thursday, September 24th. Finally, Oppenheimer reiterated a “market perform” rating on shares of UiPath in a research note on Friday, September 4th. Four investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $15.69.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in UiPath by 7.2% during the 2nd quarter. BlackRock Inc. now owns 46,153,124 shares of the company’s stock valued at $501,684,000 after purchasing an additional 3,097,822 shares during the last quarter. State Street Corp increased its holdings in shares of UiPath by 3.6% in the second quarter. State Street Corp now owns 13,832,188 shares of the company’s stock valued at $150,356,000 after purchasing an additional 486,007 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of UiPath by 13.2% in the first quarter. Bank of America Corp DE now owns 10,046,699 shares of the company’s stock valued at $111,518,000 after purchasing an additional 1,170,285 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of UiPath by 26.7% in the first quarter. Dimensional Fund Advisors LP now owns 6,831,288 shares of the company’s stock valued at $75,818,000 after purchasing an additional 1,437,843 shares during the last quarter. Finally, Capital Impact Advisors LLC bought a new position in shares of UiPath in the fourth quarter valued at about $52,261,000. 62.50% of the stock is currently owned by institutional investors.

UiPath Company Profile

UiPath, Inc is a software company that develops an enterprise automation platform designed to help organizations automate repetitive, rules-based and increasingly complex business processes. Its platform combines robotic process automation, artificial intelligence, workflow orchestration, process mining, document processing and application integration tools to support automation across departments and business systems.

UiPath offers products and services for discovering automation opportunities, building and managing software robots, processing documents and other unstructured data, and governing automation programs at scale.