UiPath (NYSE:PATH) Posts Quarterly Earnings Results, Misses Estimates By $0.06 EPS

UiPath (NYSE:PATH) announced its quarterly earnings results on Thursday. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.06), Zacks reports. UiPath had a net margin of 19.58% and a return on equity of 7.92%.

UiPath Price Performance

Shares of NYSE:PATH traded up $0.10 on Thursday, hitting $18.09. The company’s stock had a trading volume of 56,810,070 shares, compared to its average volume of 46,072,090. The company has a 50-day simple moving average of $13.66 and a 200 day simple moving average of $11.87. UiPath has a 1 year low of $9.20 and a 1 year high of $19.84. The company has a market capitalization of $9.37 billion, a PE ratio of 30.15, a PEG ratio of 2.17 and a beta of 1.02.

Insider Transactions at UiPath

In other UiPath news, CEO Daniel Dines sold 1,402,347 shares of UiPath stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $16.07, for a total transaction of $22,535,716.29. Following the completion of the sale, the chief executive officer directly owned 26,491,238 shares in the company, valued at $425,714,194.66. The trade was a 5.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 22.44% of the stock is currently owned by insiders.

Institutional Trading of UiPath

Several institutional investors and hedge funds have recently made changes to their positions in PATH. Atlas Capital Advisors Inc. purchased a new position in UiPath in the fourth quarter worth $37,000. Ankerstar Wealth LLC purchased a new position in shares of UiPath during the 4th quarter valued at about $58,000. EFG International AG bought a new stake in UiPath in the 4th quarter worth approximately $82,000. Newbridge Financial Services Group Inc. boosted its stake in UiPath by 1,400.0% in the third quarter. Newbridge Financial Services Group Inc. now owns 7,500 shares of the company’s stock worth $100,000 after buying an additional 7,000 shares in the last quarter. Finally, Teza Capital Management LLC purchased a new stake in UiPath in the second quarter worth approximately $131,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on PATH. Bank of America raised their target price on UiPath from $12.00 to $13.00 and gave the stock an “underperform” rating in a research note on Friday, May 29th. Needham & Company LLC upped their price target on UiPath from $15.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday. Royal Bank Of Canada increased their price target on shares of UiPath from $12.00 to $15.00 and gave the stock a “sector perform” rating in a report on Friday, August 14th. DA Davidson cut their price objective on shares of UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, May 29th. Finally, UBS Group boosted their price objective on shares of UiPath from $12.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday. Two investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $14.80.

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.