Stocks of UiPath Inc (NYSE:PATH) traded higher last session on Wall Street, down -3.49% to $14.38.
PATH stock price is now 3.75% away from the 50-day moving average and 6.56% away from the 200-day moving average. The market capitalization of the company currently stands at $7.90B.
On June 03, 2024, Macquarie Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock reducing its target price from $29 to quote $12, while ‘William Blair’ rates the stock as ‘Mkt Perform’
In other news, Ramani Hitesh, Chief Accounting Officer sold 25,000 shares of the company’s stock on Jan 03 ’25. The stock was sold for $326,162 at an average price of $13.05. Upon completion of the transaction, the Chief Accounting Officer now directly owns 269,421 shares in the company, valued at $3.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 03 ’25, COO & CFO Gupta Ashim sold 47,227 shares of the business’s stock. A total of $616,889 was realized by selling the stock at an average price of $13.06. This leaves the insider owning 856,538 shares of the company worth $12.32 million. A total of 24.48% of the company’s stock is owned by insiders.
During the past 12 months, UiPath Inc has had a low of $10.37 and a high of $25.47. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 3.01, and a quick ratio of 3.01.
The net profit margin was -6.49% and return on equity was -4.96% for PATH. The company reported revenue of $354.65 million for the quarter, compared to $325.92 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.82 percent.
