Stocks of UiPath Inc (NYSE:PATH) traded higher last session on Wall Street, down -2.79% to $21.57.
PATH stock price is now -8.59% away from the 50-day moving average and 9.71% away from the 200-day moving average. The market capitalization of the company currently stands at $12.21B.
With the price target enhanced from $22 to $28, JP Morgan Upgraded its rating from Neutral to Overweight for UiPath Inc (NYSE: PATH). On March 14, 2024, Needham reiterated its ‘Buy’ rating on the stock by increasing its target price from $25 to quote $30, while ‘Scotiabank’ rates the stock as ‘Sector Perform’
In other news, Gupta Ashim, Chief Financial Officer sold 16,000 shares of the company’s stock on Mar 15 ’24. The stock was sold for $365,370 at an average price of $22.84. Upon completion of the transaction, the Chief Financial Officer now directly owns 87,505 shares in the company, valued at $1.89 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 05 ’24, Chief Financial Officer Gupta Ashim sold 16,000 shares of the business’s stock. A total of $359,590 was realized by selling the stock at an average price of $22.47. This leaves the insider owning 103,505 shares of the company worth $2.23 million. A total of 23.91% of the company’s stock is owned by insiders.
During the past 12 months, UiPath Inc has had a low of $12.38 and a high of $27.87. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 3.52, and a quick ratio of 3.52. The fifty day moving average price for PATH is $23.59 and a two-hundred day moving average price translates $19.86 for the stock.
The latest earnings results from UiPath Inc (NYSE: PATH) was released for Jan, 2024. The net profit margin was -6.87% and return on equity was -4.57% for PATH. The company reported revenue of $405.25 million for the quarter, compared to $308.55 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.34 percent.
