Stocks of UiPath Inc (NYSE:PATH) traded higher last session on Wall Street, down -3.82% to $13.36.
PATH stock price is now 6.13% away from the 50-day moving average and -18.08% away from the 200-day moving average. The market capitalization of the company currently stands at $7.35B.
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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, HITESH RAMANI, Officer bought 25,000 shares of the company’s stock on Oct 03 ’24. The stock was bought for $308,250 at an average price of $12.33. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 03 ’24, Officer ASHIM A GUPTA bought 47,227 shares of the business’s stock. A total of $582,309 was incurred on buying the stock at an average price of $12.33. A total of 24.38% 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 $12.5726 and a two-hundred day moving average price translates $16.36185 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.
