UiPath (NYSE:PATH) Insider Brad Brubaker Sells 27,580 Shares of Stock

UiPath, Inc. (NYSE:PATH) insider Brad Brubaker sold 27,580 shares of the stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $18.55, for a total value of $511,609.00. Following the completion of the transaction, the insider directly owned 635,359 shares of the company’s stock, valued at $11,785,909.45. This represents a 4.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Brad Brubaker also recently made the following trade(s):

• On Wednesday, October 15th, Brad Brubaker sold 27,580 shares of UiPath stock. The shares were sold at an average price of $16.68, for a total value of $460,034.40.
• On Monday, October 6th, Brad Brubaker sold 66,665 shares of UiPath stock. The shares were sold at an average price of $15.00, for a total value of $999,975.00.
• On Tuesday, September 30th, Brad Brubaker sold 16,083 shares of UiPath stock. The stock was sold at an average price of $15.00, for a total transaction of $241,245.00.

UiPath Price Performance

PATH opened at $19.27 on Tuesday. UiPath, Inc. has a 12-month low of $9.38 and a 12-month high of $19.84. The stock has a market capitalization of $10.23 billion, a PE ratio of 45.87, a P/E/G ratio of 6.93 and a beta of 1.10. The firm’s fifty day moving average price is $15.06 and its 200 day moving average price is $13.13.

UiPath (NYSE:PATH) last released its earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. UiPath had a net margin of 14.79% and a return on equity of 3.83%. The company had revenue of $411.11 million during the quarter, compared to the consensus estimate of $392.46 million. During the same quarter in the previous year, the firm earned $0.11 EPS. The company’s revenue was up 15.9% on a year-over-year basis. On average, equities research analysts forecast that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On UiPath

Institutional investors have recently modified their holdings of the company. Avantax Advisory Services Inc. bought a new stake in UiPath in the 1st quarter valued at about $108,000. Cetera Investment Advisers increased its stake in shares of UiPath by 2.3% in the first quarter. Cetera Investment Advisers now owns 74,696 shares of the company’s stock valued at $769,000 after purchasing an additional 1,652 shares during the period. Jefferies Financial Group Inc. acquired a new stake in shares of UiPath in the first quarter valued at approximately $156,000. PNC Financial Services Group Inc. raised its holdings in shares of UiPath by 30.5% during the first quarter. PNC Financial Services Group Inc. now owns 16,590 shares of the company’s stock valued at $171,000 after buying an additional 3,873 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of UiPath by 3.0% during the first quarter. Vanguard Group Inc. now owns 48,061,096 shares of the company’s stock worth $495,029,000 after buying an additional 1,396,972 shares during the period. Institutional investors own 62.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on PATH. DA Davidson increased their target price on UiPath from $12.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday. Cowen restated a “hold” rating on shares of UiPath in a research note on Thursday. Royal Bank Of Canada boosted their target price on shares of UiPath from $14.00 to $16.00 and gave the company a “sector perform” rating in a research note on Thursday. UBS Group reissued a “neutral” rating on shares of UiPath in a report on Thursday. Finally, Mizuho lifted their price target on shares of UiPath from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday. One equities research analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $15.46.

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.