UiPath (NYSE:PATH) Trading 7.4% Higher – Time to Buy?

UiPath, Inc. (NYSE:PATH) shares traded up 7.4% on Friday . The company traded as high as $10.29 and last traded at $10.3850. 24,878,586 shares traded hands during trading, a decline of 19% from the average session volume of 30,700,889 shares. The stock had previously closed at $9.67.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Canaccord Genuity Group dropped their price target on shares of UiPath from $19.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. BMO Capital Markets dropped their price target on shares of UiPath from $17.00 to $14.00 and set a “market perform” rating for the company in a research report on Friday, March 13th. Wells Fargo & Company dropped their price target on shares of UiPath from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. Truist Financial dropped their price target on shares of UiPath from $17.00 to $12.00 and set a “hold” rating for the company in a research report on Thursday, March 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of UiPath in a report on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $14.07.

UiPath Stock Up 7.2%

The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 1.55 and a beta of 0.91. The business’s fifty day moving average is $10.91 and its two-hundred day moving average is $13.24.

UiPath (NYSE:PATH) last announced its quarterly earnings data on Wednesday, March 11th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates 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%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.26 earnings per share. As a group, sell-side analysts expect that UiPath, Inc. will post 0.32 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. grew its holdings in UiPath by 1.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 37,871 shares of the company’s stock worth $621,000 after acquiring an additional 720 shares in the last quarter. Meeder Advisory Services Inc. grew its holdings in UiPath by 7.6% during the 4th quarter. Meeder Advisory Services Inc. now owns 12,132 shares of the company’s stock worth $199,000 after acquiring an additional 861 shares in the last quarter. Green Alpha Advisors LLC grew its holdings in UiPath by 3.4% during the 4th quarter. Green Alpha Advisors LLC now owns 29,519 shares of the company’s stock worth $484,000 after acquiring an additional 973 shares in the last quarter. Covestor Ltd increased its holdings in shares of UiPath by 17.7% in the 3rd quarter. Covestor Ltd now owns 6,522 shares of the company’s stock valued at $87,000 after acquiring an additional 981 shares during the last quarter. Finally, Pasadena Private Wealth LLC raised its position in shares of UiPath by 9.0% during the 1st quarter. Pasadena Private Wealth LLC now owns 12,750 shares of the company’s stock worth $142,000 after acquiring an additional 1,050 shares in the last quarter. Institutional investors and hedge funds 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.