UiPath (NYSE:PATH) COO Sells 66,052 Shares of Company Stock

UiPath, Inc. (NYSE:PATH) COO Ashim Gupta sold 66,052 shares of the stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $13.17, for a total transaction of $869,904.84. Following the completion of the sale, the chief operating officer directly owned 1,902,434 shares of the company’s stock, valued at $25,055,055.78. This represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Ashim Gupta also recently made the following trade(s):

• On Friday, September 11th, Ashim Gupta sold 117,339 shares of UiPath stock. The shares were sold at an average price of $13.85, for a total transaction of $1,625,145.15.

UiPath Stock Performance

Shares of NYSE PATH traded up $0.04 during midday trading on Monday, reaching $13.15. The stock had a trading volume of 29,519,118 shares, compared to its average volume of 46,680,840. The stock has a 50-day moving average of $14.69 and a 200-day moving average of $12.27. The company has a market capitalization of $6.86 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 1.23 and a beta of 1.01. UiPath, Inc. has a 12-month low of $9.20 and a 12-month high of $19.84.

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

Hedge Funds Weigh In On UiPath

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew 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 buying an additional 3,097,822 shares in the last quarter. State Street Corp boosted its position in shares of UiPath by 3.6% during the 2nd quarter. State Street Corp now owns 13,832,188 shares of the company’s stock valued at $150,356,000 after acquiring an additional 486,007 shares during the last quarter. Bank of America Corp DE boosted its position in shares of UiPath by 13.2% during the 1st quarter. Bank of America Corp DE now owns 10,046,699 shares of the company’s stock valued at $111,518,000 after acquiring an additional 1,170,285 shares during the last quarter. Dimensional Fund Advisors LP grew 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 in the last quarter. Finally, Capital Impact Advisors LLC bought a new stake in UiPath in the fourth quarter worth $52,261,000. 62.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PATH shares. HC Wainwright reiterated a “buy” rating on shares of UiPath in a research report on Friday, September 4th. Oppenheimer reissued a “market perform” rating on shares of UiPath in a report on Friday, September 4th. DA Davidson reaffirmed an “underperform” rating and set a $10.00 price objective on shares of UiPath in a report on Monday, September 28th. Citigroup assumed coverage on shares of UiPath in a research report on Tuesday, September 8th. They set a “buy” rating and a $23.00 price objective on the stock. Finally, Truist Financial dropped their target price on shares of UiPath from $17.00 to $14.00 and set a “hold” rating for the company in a research report on Wednesday, September 23rd. Four investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $15.69.

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.