In yesterday’s Wall Street session, UiPath Inc (NYSE:PATH) shares traded at $16.72, up 2.96% from the previous session.
21 analysts cover UiPath Inc (NYSE:PATH), according to research data. 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 $16.24, this indicates a potential upside of 17.0 percent. PATH stock price is now 2.13% away from the 50-day moving average and 5.88% away from the 200-day moving average. The market capitalization of the company currently stands at $9.48B.
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The stock has received a hold rating from 12 analysts and a buy rating from 8. 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, Wong Rich, Director sold 100,000 shares of the company’s stock on Sep 22. The stock was sold for $1,638,080 at an average price of $16.38. Upon completion of the transaction, the Director now directly owns 779,693 shares in the company, valued at $13.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 15, Chief Financial Officer Gupta Ashim sold 40,000 shares of the business’s stock. A total of $695,272 was realized by selling the stock at an average price of $17.38. This leaves the insider owning 1,304,047 shares of the company worth $21.8 million. Insiders disposed of 41,964,091 shares of company stock worth roughly $701.64 million over the past 1 year. A total of 26.77% 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 $21,420,000. WORLDQUANT MILLENNIUM ADVISORS LLC invested $18,226,000 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 $11,244,000. ARMISTICE CAPITAL, LLC acquired a new stake in PATH for approximately $11,102,000. ADAMS STREET PARTNERS LLC purchased a new stake in PATH valued at around $5,949,000 in the second quarter. In total, there are 490 active investors with 55.07% ownership of the company’s stock.
On Friday morning UiPath Inc (NYSE: PATH) stock kicked off with the opening price of $15.94. 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 0.03, a current ratio of 4.33, and a quick ratio of 4.33. The fifty day moving average price for PATH is $16.37 and a two-hundred day moving average price translates $15.81 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 -15.47% and return on equity was -9.27% 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 $315.58M 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.
