UiPath (NYSE:PATH) Stock Price Down 4.3% – Time to Sell?

UiPath, Inc. (NYSE:PATH) shares were down 4.3% on Thursday . The company traded as low as $11.03 and last traded at $11.1850. Approximately 30,900,304 shares changed hands during trading, an increase of 7% from the average daily volume of 28,948,293 shares. The stock had previously closed at $11.69.

Analyst Ratings Changes

A number of equities analysts have recently commented on PATH shares. TD Cowen reaffirmed a “hold” rating on shares of UiPath in a report on Thursday, December 4th. Barclays raised their price target on shares of UiPath from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Monday, January 12th. Mizuho upped their price objective on UiPath from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Morgan Stanley raised their target price on UiPath from $15.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 9th. Finally, Truist Financial set a $17.00 price target on UiPath in a research note on Thursday, December 4th. One investment analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.77.

UiPath Price Performance

The firm has a market capitalization of $6.07 billion, a P/E ratio of 27.01, a PEG ratio of 1.57 and a beta of 1.07. The company’s 50 day moving average price is $15.29 and its 200 day moving average price is $13.98.

UiPath (NYSE:PATH) last posted its quarterly earnings data on Wednesday, December 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $411.11 million for the quarter, compared to the consensus estimate of $392.46 million. UiPath had a return on equity of 3.73% and a net margin of 14.79%.The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 EPS. On average, research analysts anticipate that UiPath, Inc. will post -0.17 EPS for the current fiscal year.

Insider Activity

In other news, CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $19.21, for a total transaction of $864,450.00. Following the completion of the sale, the chief executive officer owned 29,153,585 shares in the company, valued at $560,040,367.85. The trade was a 0.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Ashim Gupta sold 67,468 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer owned 557,028 shares in the company, valued at $8,968,150.80. This represents a 10.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 950,048 shares of company stock worth $15,881,744 in the last ninety days. Insiders own 23.19% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC acquired a new position in UiPath in the fourth quarter valued at about $238,000. The Manufacturers Life Insurance Company increased its stake in UiPath by 247.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 320,679 shares of the company’s stock valued at $5,260,000 after purchasing an additional 228,398 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in UiPath by 2.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 2,107,481 shares of the company’s stock worth $34,500,000 after purchasing an additional 56,711 shares during the period. Stifel Financial Corp boosted its position in shares of UiPath by 34.4% during the fourth quarter. Stifel Financial Corp now owns 584,568 shares of the company’s stock worth $9,581,000 after purchasing an additional 149,663 shares in the last quarter. Finally, Bank of Nova Scotia acquired a new position in shares of UiPath in the 4th quarter valued at $7,343,000. 62.50% of the stock is currently owned by institutional investors.

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.