UiPath (NYSE:PATH) Issues Earnings Results

UiPath (NYSE:PATH) released its earnings results on Thursday. The company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15, FiscalAI reports. The business had revenue of $418.38 million during the quarter, compared to the consensus estimate of $397.54 million. UiPath had a net margin of 17.53% and a return on equity of 5.69%.

UiPath Price Performance

Shares of NYSE PATH traded up $0.44 during mid-day trading on Thursday, reaching $11.60. 79,562,434 shares of the company’s stock were exchanged, compared to its average volume of 31,966,158. The firm has a market capitalization of $6.08 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 1.82 and a beta of 0.91. UiPath has a 52 week low of $9.20 and a 52 week high of $19.84. The firm has a 50-day moving average price of $10.75 and a two-hundred day moving average price of $12.93.

Analysts Set New Price Targets

PATH has been the subject of several recent analyst reports. Zacks Research downgraded shares of UiPath from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. BMO Capital Markets reduced their price objective on shares of UiPath from $17.00 to $14.00 and set a “market perform” rating for the company in a research report on Friday, March 13th. Wells Fargo & Company reduced their price objective on shares of UiPath from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. UBS Group reduced their price target on shares of UiPath from $17.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, March 12th. Finally, Royal Bank Of Canada set a $14.00 price target on shares of UiPath in a research report on Wednesday, February 11th. Three analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, UiPath presently has an average rating of “Hold” and a consensus target price of $14.07.

Institutional Investors Weigh In On UiPath

Hedge funds have recently made changes to their positions in the business. Atlas Capital Advisors Inc. bought a new stake in shares of UiPath during the 4th quarter worth $37,000. Ankerstar Wealth LLC bought a new stake in UiPath in the 4th quarter valued at about $58,000. EFG International AG bought a new stake in UiPath in the 4th quarter valued at about $82,000. Newbridge Financial Services Group Inc. raised its stake in UiPath by 1,400.0% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 7,500 shares of the company’s stock valued at $100,000 after acquiring an additional 7,000 shares during the period. Finally, Teza Capital Management LLC bought a new stake in UiPath in the 2nd quarter valued at about $131,000. 62.50% of the stock is currently owned by institutional investors.

About UiPath

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. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric.