UiPath (PATH) Projected to Post Quarterly Earnings on Wednesday

UiPath (NYSE:PATH) is anticipated to post its quarterly earnings results after the market closes on Wednesday, March 12th. Analysts expect UiPath to post earnings of $0.19 per share and revenue of $425.34 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

UiPath Price Performance

Shares of UiPath stock opened at $12.16 on Tuesday. The business has a fifty day simple moving average of $13.50 and a two-hundred day simple moving average of $13.20. UiPath has a 1 year low of $10.37 and a 1 year high of $25.47. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of -75.97 and a beta of 1.00.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of UiPath in a report on Wednesday, January 15th. BMO Capital Markets boosted their target price on UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Barclays lowered their target price on UiPath from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, January 10th. Morgan Stanley upped their price objective on UiPath from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. upped their target price on UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, UiPath currently has an average rating of “Hold” and an average target price of $17.44.

Insider Transactions at UiPath

In other 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 directly 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 the SEC website. Also, CAO Hitesh Ramani sold 25,000 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $13.05, for a total value of $326,250.00. Following the sale, the chief accounting officer now directly owns 269,421 shares of the company’s stock, 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. 22.37% of the stock is owned by insiders.

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.