In yesterday’s Wall Street session, UiPath Inc. (NYSE:PATH) shares traded at $15.46, up 2.25% from the previous session.
As of this writing, 21 analysts cover UiPath Inc. (NYSE:PATH). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $27.50 and a low of $16.00, we find $20.00. Given the previous closing price of $15.12, this indicates a potential upside of 32.28 percent. PATH stock price is now 0.61% away from the 50-day moving average and 6.10% away from the 200-day moving average. The market capitalization of the company currently stands at $8.89B.
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There are 11 analysts who have given it a hold rating, whereas 9 have given it a buy rating. Brokers who have rated the stock have averaged $19.68 as their price target over the next twelve months.
With the price target of $16, DA Davidson recently initiated with Neutral rating for UiPath Inc. (NYSE: PATH). On March 16, 2023, Canaccord Genuity Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $14.50 to quote $19, while ‘Oppenheimer’ rates the stock as ‘Perform’.
In other news, Gupta Ashim, Chief Financial Officer sold 40,000 shares of the company’s stock on Apr 17. The stock was sold for $647,184 at an average price of $16.18. Upon completion of the transaction, the Chief Financial Officer now directly owns 1,624,341 shares in the company, valued at $25.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 17, Chief Financial Officer Gupta Ashim sold 12,000 shares of the business’s stock. A total of $194,160 was realized by selling the stock at an average price of $16.18. This leaves the insider owning 231,505 shares of the company worth $3.58 million. Insiders disposed of 1,636,704 shares of company stock worth roughly $25.3 million over the past 1 year. A total of 2.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PATH stock. A new stake in UiPath Inc. shares was purchased by SOVIERO ASSET MANAGEMENT, LP during the first quarter worth $7,112,000. MARSHALL WACE, LLP invested $6,861,000 in shares of PATH during the first quarter. In the first quarter, FRONTIER CAPITAL MANAGEMENT CO LLC acquired a new stake in UiPath Inc. valued at approximately $6,694,000. O’NEIL GLOBAL ADVISORS, INC. acquired a new stake in PATH for approximately $5,560,000. STANLEY-LAMAN GROUP, LTD. purchased a new stake in PATH valued at around $5,551,000 in the second quarter. In total, there are 434 active investors with 63.80% ownership of the company’s stock.
Thursday morning saw UiPath Inc. (NYSE: PATH) opened at $15.12. During the past 12 months, UiPath Inc. has had a low of $10.40 and a high of $22.30. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.70, and a quick ratio of 3.70. The fifty day moving average price for PATH is $15.37 and a two-hundred day moving average price translates $14.55 for the stock.
The latest earnings results from UiPath Inc. (NYSE: PATH) was released for Jan, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.15, beating analysts’ expectations of $0.06 by 0.09. This compares to $0.38 EPS in the same period last year. The net profit margin was -31.00% and return on equity was -17.50% for PATH. The company reported revenue of $308.55 million for the quarter, compared to $289.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.51 percent. For the current quarter, analysts expect PATH to generate $271.13M in revenue.
UiPath Inc.(PATH) 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, and Japan. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization. Its platform combines artificial intelligence with desktop recording, back-end mining of both human activity and system logs, and intuitive visualization tools, which enables users to discover, analyze, and identify processes to automate in a centralized portal; offers low-code development environments that allows users in an organization to create attended and unattended automations without any prior knowledge of coding; deploys robots in highly immersive attended experiences or in standalone, unattended modes behind the scenes, and can leverage native connectors built for commonly used line-of-business applications; offers centralized tools designed to manage, test, and deploy automations and ML models across the enterprise; allows customers to manage long running processes that orchestrate work between robots and humans; and enable users to track, measure, and forecast the performance of automation in their enterprise and help businesses ensure compliance with business standards. In addition, the company provides maintenance and support for its software, as well as professional services, such as training and implementation services to facilitate the adoption of its platform. It serves banking, healthcare, financial services, and government entities. UiPath Inc. was founded in 2005 and is headquartered in New York, New York.
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