UiPath (NYSE:PATH) Reaches New 52-Week Low – Should You Sell?

UiPath, Inc. (NYSE:PATH)’s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $9.42 and last traded at $9.5150, with a volume of 6792114 shares traded. The stock had previously closed at $9.94.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. UBS Group lowered their price objective on shares of UiPath from $17.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, March 12th. Needham & Company LLC raised shares of UiPath from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Thursday, March 12th. Truist Financial lowered their price objective on shares of UiPath from $17.00 to $12.00 and set a “hold” rating on the stock in a research report on Thursday, March 12th. DA Davidson lowered their target price on UiPath from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, March 12th. Finally, William Blair reiterated a “hold” rating on shares of UiPath in a research note on Thursday, March 12th. Three equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.07.

UiPath Stock Down 5.7%

The firm has a market cap of $4.91 billion, a PE ratio of 18.03, a P/E/G ratio of 1.54 and a beta of 1.03. The company’s fifty day moving average price is $11.36 and its two-hundred day moving average price is $13.94.

UiPath (NYSE:PATH) last posted its quarterly earnings results 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. UiPath had a return on equity of 5.69% and a net margin of 17.53%.The firm had revenue of $481.11 million for the quarter, compared to the consensus estimate of $464.81 million. During the same period in the previous year, the business earned $0.26 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, analysts predict that UiPath, Inc. will post -0.17 earnings per share for the current year.

Insider Buying and Selling at UiPath

In related news, CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $15.01, for a total value of $675,450.00. Following the sale, the chief executive officer directly owned 27,893,585 shares in the company, valued at $418,682,710.85. The trade was a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 180,000 shares of company stock valued at $2,804,400 in the last quarter. 23.19% of the stock is owned by insiders.

Institutional Trading of UiPath

Institutional investors have recently added to or reduced their stakes in the stock. Noble Wealth Management PBC purchased a new stake in UiPath during the fourth quarter worth about $25,000. HighMark Wealth Management LLC purchased a new stake in UiPath during the fourth quarter worth about $25,000. Raleigh Capital Management Inc. purchased a new stake in UiPath during the fourth quarter worth about $26,000. TD Waterhouse Canada Inc. boosted its holdings in UiPath by 1,270.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock worth $29,000 after buying an additional 1,652 shares in the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new stake in UiPath during the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

About UiPath

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.