The price of UiPath Inc. (NYSE:PATH) shares last traded on Wall Street rose 3.79% to $19.18.
Based on available information, 21 analysts follow 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 $25.00 and a low of $16.00, we find $19.00. Given the previous closing price of $18.48, this indicates a potential upside of 2.81 percent. PATH stock price is now 16.26% away from the 50-day moving average and 24.69% away from the 200-day moving average. The market capitalization of the company currently stands at $10.53B.
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Among analysts, 12 rate the stock a hold while 8 rate it a buy. Brokers who have rated the stock have averaged $19.69 as their price target over the next twelve months.
With the price target maintained at $20, Wells Fargo recently Downgraded its rating from Overweight to Equal Weight for UiPath Inc. (NYSE: PATH).
In other news, Gupta Ashim, Chief Financial Officer sold 40,000 shares of the company’s stock on Aug 15. The stock was sold for $620,932 at an average price of $15.52. Upon completion of the transaction, the Chief Financial Officer now directly owns 1,344,047 shares in the company, valued at $25.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 15, Chief Financial Officer Gupta Ashim sold 12,000 shares of the business’s stock. A total of $186,281 was realized by selling the stock at an average price of $15.52. This leaves the insider owning 183,505 shares of the company worth $3.52 million. Insiders disposed of 47,070,289 shares of company stock worth roughly $902.81 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 SWISS NATIONAL BANK during the first quarter worth $24,571,000. WORLDQUANT MILLENNIUM ADVISORS LLC invested $20,908,000 in shares of PATH during the first quarter. In the first quarter, MAN GROUP PLC acquired a new stake in UiPath Inc. valued at approximately $12,899,000. ARMISTICE CAPITAL, LLC acquired a new stake in PATH for approximately $12,736,000. ADAMS STREET PARTNERS LLC purchased a new stake in PATH valued at around $6,824,000 in the second quarter. In total, there are 490 active investors with 63.80% ownership of the company’s stock.
A candlestick chart of UiPath Inc. (NYSE: PATH) showed a price of $18.67 on Monday morning. During the past 12 months, UiPath Inc. has had a low of $10.40 and a high of $19.94. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 4.40, and a quick ratio of 4.40. The fifty day moving average price for PATH is $16.50 and a two-hundred day moving average price translates $15.38 for the stock.
The latest earnings results from UiPath Inc. (NYSE: PATH) was released for Jul, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.09, beating analysts’ expectations of $0.03 by 0.06. This compares to -$0.22 EPS in the same period last year. The net profit margin was -15.50% and return on equity was -9.20% for PATH. The company reported revenue of $287.31 million for the quarter, compared to $242.22 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.61 percent. For the current quarter, analysts expect PATH to generate $315.81M in revenue.
