UiPath (NYSE:PATH) Hits New 12-Month Low – Here’s Why

UiPath, Inc. (NYSE:PATH)’s stock price hit a new 52-week low on Thursday . The company traded as low as $9.26 and last traded at $9.3380, with a volume of 2178079 shares. The stock had previously closed at $9.47.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. DA Davidson reduced their price target on shares of UiPath from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, March 12th. Morgan Stanley upgraded shares of UiPath from an “equal weight” rating to a “positive” rating in a research note on Friday, March 13th. Truist Financial cut their target price on shares of UiPath from $17.00 to $12.00 and set a “hold” rating on the stock in a report on Thursday, March 12th. Zacks Research downgraded UiPath from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of UiPath in a report on Friday, March 27th. Three equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $14.07.

UiPath Trading Up 2.9%

The company’s 50-day moving average is $10.94 and its two-hundred day moving average is $13.29. The stock has a market capitalization of $5.11 billion, a P/E ratio of 18.74, a P/E/G ratio of 1.64 and a beta of 0.91.

UiPath (NYSE:PATH) last posted its earnings results on Wednesday, March 11th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.25 by $0.05. The firm had revenue of $481.11 million during the quarter, compared to analysts’ expectations of $464.81 million. UiPath had a net margin of 17.53% and a return on equity of 5.69%. UiPath’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 EPS. Sell-side analysts expect that UiPath, Inc. will post 0.32 EPS for the current fiscal year.

Institutional Trading of UiPath

Hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its position in UiPath by 8.4% during the 1st quarter. Royal Bank of Canada now owns 140,774 shares of the company’s stock worth $1,450,000 after acquiring an additional 10,872 shares during the period. Woodline Partners LP increased its holdings in shares of UiPath by 69.6% during the first quarter. Woodline Partners LP now owns 22,566 shares of the company’s stock valued at $232,000 after purchasing an additional 9,257 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of UiPath by 5.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,477,730 shares of the company’s stock valued at $15,221,000 after purchasing an additional 75,737 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in UiPath in the second quarter worth about $169,000. Finally, Prudential Financial Inc. lifted its holdings in UiPath by 90.1% in the second quarter. Prudential Financial Inc. now owns 34,029 shares of the company’s stock worth $436,000 after purchasing an additional 16,125 shares during the period. Institutional investors own 62.50% 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. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric.