UiPath (NYSE:PATH) Posts Quarterly Earnings Results

UiPath (NYSE:PATH) posted its quarterly earnings results on Wednesday. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.09), Zacks reports. UiPath had a negative net margin of 6.49% and a negative return on equity of 4.14%.

UiPath Stock Up 1.0 %

Shares of NYSE:PATH traded up $0.11 during midday trading on Wednesday, reaching $11.85. The company had a trading volume of 18,663,560 shares, compared to its average volume of 9,436,649. UiPath has a 1-year low of $9.43 and a 1-year high of $25.47. The stock has a market cap of $6.51 billion, a PE ratio of -74.08 and a beta of 1.00. The business’s 50 day moving average price is $13.48 and its 200 day moving average price is $13.19.

Analyst Ratings Changes

Several research firms have weighed in on PATH. BMO Capital Markets increased their target price on UiPath from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Barclays decreased their price objective on shares of UiPath from $16.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, January 10th. UBS Group initiated coverage on shares of UiPath in a research report on Thursday, December 12th. They set a “sell” rating and a $14.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on shares of UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, UiPath presently has a consensus rating of “Hold” and a consensus price target of $17.44.

Insider Buying and Selling at UiPath

In other UiPath news, CFO Ashim Gupta sold 47,227 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $13.06, for a total transaction of $616,784.62. Following the completion of the sale, the chief financial officer now owns 856,538 shares of the company’s stock, valued at $11,186,386.28. This trade represents a 5.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Hitesh Ramani sold 25,000 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $13.05, for a total transaction of $326,250.00. Following the completion of the transaction, the chief accounting officer now owns 269,421 shares in the company, valued at approximately $3,515,944.05. This represents a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 22.37% of the company’s stock.

UiPath 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, the United Kingdom, the Netherlands, and internationally. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization.