UiPath (PATH) to Release Quarterly Earnings on Wednesday

UiPath (NYSE:PATH - Get Free Report) is projected to issue its quarterly earnings data after the market closes on Wednesday, March 12th. Analysts expect the company to announce earnings of $0.19 per share and revenue of $425.34 million for the quarter. Investors interested in registering for the company's conference call can do so using this link.

UiPath Price Performance

NYSE:PATH traded up $0.16 on Wednesday, hitting $11.90. 837,609 shares of the company's stock were exchanged, compared to its average volume of 9,365,016. The firm has a 50-day moving average price of $13.48 and a 200-day moving average price of $13.19. UiPath has a 52 week low of $10.37 and a 52 week high of $25.47. The company has a market cap of $6.54 billion, a P/E ratio of -74.39 and a beta of 1.00.

Insider Transactions at UiPath

In other news, CAO Hitesh Ramani sold 25,000 shares of the company's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $13.05, for a total value of $326,250.00. Following the completion of the transaction, the chief accounting officer now directly owns 269,421 shares of the company's stock, valued at $3,515,944.05. This represents a 8.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Ashim Gupta sold 47,227 shares of the company's stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $13.06, for a total value of $616,784.62. Following the completion of the transaction, the chief financial officer now directly owns 856,538 shares of the company's stock, valued at approximately $11,186,386.28. This represents a 5.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 22.37% of the company's stock.

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Analyst Upgrades and Downgrades

PATH has been the subject of a number of recent research reports. Royal Bank of Canada reissued a "sector perform" rating and issued a $16.00 price objective on shares of UiPath in a report on Friday, December 6th. Needham & Company LLC restated a "hold" rating on shares of UiPath in a research report on Wednesday, January 15th. BMO Capital Markets upped their price target on shares of UiPath from $15.00 to $16.00 and gave the company a "market perform" rating in a research report on Friday, December 6th. Barclays lowered their target price on shares of UiPath from $16.00 to $15.00 and set an "equal weight" rating for the company in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. boosted their price objective on UiPath from $17.00 to $18.00 and gave the company an "overweight" rating in a research note 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 issued a buy rating to the company. According to data from MarketBeat.com, UiPath presently has a consensus rating of "Hold" and a consensus target price of $17.44.

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.