In yesterday’s Wall Street session, UiPath Inc (NYSE:PATH) shares traded at $18.30, down -2.40% from the previous session.
PATH stock price is now -10.97% away from the 50-day moving average and -9.60% away from the 200-day moving average. The market capitalization of the company currently stands at $10.48B.
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On March 14, 2024, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $22 to quote $28, while ‘Needham’ rates the stock as ‘Buy’
In other news, Gupta Ashim, Chief Financial Officer sold 40,000 shares of the company’s stock on May 06 ’24. The stock was sold for $791,504 at an average price of $19.79. Upon completion of the transaction, the Chief Financial Officer now directly owns 946,848 shares in the company, valued at $17.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 06 ’24, Chief Financial Officer Gupta Ashim sold 16,000 shares of the business’s stock. A total of $316,589 was realized by selling the stock at an average price of $19.79. This leaves the insider owning 55,505 shares of the company worth $1.02 million. A total of 23.73% of the company’s stock is owned by insiders.
During the past 12 months, UiPath Inc has had a low of $14.12 and a high of $27.87. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 3.52, and a quick ratio of 3.52. The fifty day moving average price for PATH is $20.5554 and a two-hundred day moving average price translates $20.2424 for the stock.
The latest earnings results from UiPath Inc (NYSE: PATH) was released for 2024-01-31. According to the Software – Infrastructure Company, earnings per share came in at 0.11, beating analysts’ expectations of 0.02 by 0.09. This compares to -$0.05 EPS in the same period last year. The net profit margin was -6.87% and return on equity was -4.57% for PATH. The company reported revenue of $405.25 million for the quarter, compared to $308.55 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.34 percent. For the current quarter, analysts expect PATH to generate $333.04M in revenue.
