Insider Selling: UiPath (NYSE:PATH) Insider Sells $399,409.64 in Stock

UiPath, Inc. (NYSE:PATH) insider Raghavendra Malpani sold 29,564 shares of the stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $13.51, for a total transaction of $399,409.64. Following the completion of the transaction, the insider directly owned 1,514,281 shares in the company, valued at approximately $20,457,936.31. This represents a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 trading on Tuesday, reaching $13.24. 26,230,294 shares of the stock were exchanged, compared to its average volume of 46,021,117. UiPath, Inc. has a 12 month low of $9.20 and a 12 month high of $19.84. The firm has a market cap of $6.90 billion, a PE ratio of 19.77, a PEG ratio of 1.27 and a beta of 1.01. The stock has a 50-day moving average price of $14.78 and a 200-day moving average price of $12.33.

UiPath (NYSE:PATH) last announced its earnings results on Thursday, September 3rd. The company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. The company had revenue of $410.26 million for the quarter, compared to analyst estimates of $397.77 million. UiPath had a return on equity of 9.70% and a net margin of 21.03%. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 earnings per share. On average, sell-side analysts expect that UiPath, Inc. will post 0.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On UiPath

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of UiPath by 7.2% in the 2nd quarter. BlackRock Inc. now owns 46,153,124 shares of the company’s stock valued at $501,684,000 after acquiring an additional 3,097,822 shares during the last quarter. State Street Corp grew its position in UiPath by 3.6% during the 2nd quarter. State Street Corp now owns 13,832,188 shares of the company’s stock worth $150,356,000 after acquiring an additional 486,007 shares during the last quarter. Bank of America Corp DE grew its position in UiPath by 13.2% during the 1st quarter. Bank of America Corp DE now owns 10,046,699 shares of the company’s stock worth $111,518,000 after acquiring an additional 1,170,285 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in UiPath by 26.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,831,288 shares of the company’s stock worth $75,818,000 after purchasing an additional 1,437,843 shares in the last quarter. Finally, Capital Impact Advisors LLC acquired a new position in UiPath in the 4th quarter worth about $52,261,000. Institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PATH shares. Truist Financial dropped their target price on UiPath from $17.00 to $14.00 and set a “hold” rating for the company in a report on Wednesday, September 23rd. Canaccord Genuity Group decreased their price target on shares of UiPath from $17.00 to $14.00 and set a “hold” rating on the stock in a research note on Thursday, September 24th. HC Wainwright reaffirmed a “buy” rating on shares of UiPath 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, Weiss Ratings upgraded shares of UiPath from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, September 9th. Four analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, UiPath currently has an average 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.