UiPath (PATH) Expected to Announce Quarterly Earnings on Wednesday

UiPath (NYSE:PATH - Get Free Report) will likely be posting its quarterly earnings results after the market closes on Wednesday, March 12th. Analysts expect UiPath to post earnings of $0.19 per share and revenue of $425.34 million for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

UiPath Stock Up 5.1 %

Shares of UiPath stock traded up $0.60 during mid-day trading on Friday, hitting $12.35. The stock had a trading volume of 16,477,654 shares, compared to its average volume of 9,344,873. The firm has a 50-day moving average of $13.52 and a two-hundred day moving average of $13.18. UiPath has a 12-month low of $10.37 and a 12-month high of $25.47. The firm has a market cap of $6.78 billion, a P/E ratio of -77.16 and a beta of 1.00.

Insider Buying and Selling at UiPath

In other news, CAO Hitesh Ramani sold 25,000 shares of the firm's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $13.05, for a total value of $326,250.00. Following the sale, the chief accounting officer now directly owns 269,421 shares in the company, valued at approximately $3,515,944.05. This trade represents a 8.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ashim Gupta sold 47,227 shares of the firm's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $13.06, for a total transaction of $616,784.62. Following the completion of the sale, the chief financial officer now owns 856,538 shares in the company, valued at $11,186,386.28. The trade was a 5.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by corporate insiders.

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Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. UBS Group assumed coverage on shares of UiPath in a research note on Thursday, December 12th. They issued a "sell" rating and a $14.00 price target for the company. BMO Capital Markets increased their price target on shares of UiPath from $15.00 to $16.00 and gave the company a "market perform" rating in a research note on Friday, December 6th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $16.00 price objective on shares of UiPath in a research report on Friday, December 6th. Barclays lowered their price objective on shares of UiPath from $16.00 to $15.00 and set an "equal weight" rating for the company in a research report on Friday, January 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of UiPath from $17.00 to $18.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $17.44.

UiPath Company Profile

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.