Stocks of UiPath Inc (NYSE:PATH) traded higher last session on Wall Street, up 3.36% to $12.91.
PATH stock price is now 6.54% away from the 50-day moving average and -29.73% away from the 200-day moving average. The market capitalization of the company currently stands at $7.10B.
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With the price target reduced from $29 to $12, Macquarie Downgraded its rating from Outperform to Neutral for UiPath Inc (NYSE: PATH). , while ‘Truist’ rates the stock as ‘Hold’
In other news, Gupta Ashim, COO & CFO sold 47,671 shares of the company’s stock on Sep 13 ’24. The stock was sold for $575,398 at an average price of $12.07. Upon completion of the transaction, the COO & CFO now directly owns 849,917 shares in the company, valued at $10.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 13 ’24, Officer ASHIM A GUPTA bought 47,671 shares of the business’s stock. A total of $573,005 was incurred on buying the stock at an average price of $12.02. A total of 23.90% of the company’s stock is owned by insiders.
During the past 12 months, UiPath Inc has had a low of $10.37 and a high of $27.87. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 3.47, and a quick ratio of 3.47. The fifty day moving average price for PATH is $12.1228 and a two-hundred day moving average price translates $18.31295 for the stock.
The latest earnings results from UiPath Inc (NYSE: PATH) was released for 2024-07-31. The net profit margin was -8.13% and return on equity was -5.89% for PATH. The company reported revenue of $316.25 million for the quarter, compared to $287.31 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.07 percent.
