UiPath (NYSE:PATH) Hits New 12-Month Low – Here’s Why

UiPath, Inc. (NYSE:PATH)’s share price hit a new 52-week low on Thursday . The company traded as low as $9.26 and last traded at $9.3380, with a volume of 2178079 shares changing hands. The stock had previously closed at $9.47.

Analyst Upgrades and Downgrades

PATH has been the subject of several research analyst reports. Canaccord Genuity Group dropped their price target on UiPath from $19.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. TD Cowen decreased their target price on UiPath from $16.00 to $13.00 and set a “hold” rating for the company in a report on Thursday, March 12th. Royal Bank Of Canada set a $14.00 price target on shares of UiPath in a report on Wednesday, February 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UiPath in a research report on Friday, March 27th. Finally, Morgan Stanley upgraded shares of UiPath from an “equal weight” rating to a “positive” rating in a research note on Friday, March 13th. Three investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $14.07.

UiPath Price Performance

The company has a market cap of $5.11 billion, a PE ratio of 18.74, a P/E/G ratio of 1.64 and a beta of 0.91. The company has a 50-day moving average price of $10.94 and a two-hundred day moving average price of $13.29.

UiPath (NYSE:PATH) last announced its earnings results on Wednesday, March 11th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.25 by $0.05. The business had revenue of $481.11 million for the quarter, compared to the consensus estimate of $464.81 million. UiPath had a return on equity of 5.69% and a net margin of 17.53%.The company’s revenue was up 13.4% on a year-over-year basis. During the same period last year, the business posted $0.26 EPS. On average, equities research analysts anticipate that UiPath, Inc. will post 0.32 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in UiPath by 4.9% in the third quarter. Vanguard Group Inc. now owns 47,895,884 shares of the company’s stock valued at $640,847,000 after buying an additional 2,251,434 shares during the last quarter. Jackson Creek Investment Advisors LLC acquired a new stake in shares of UiPath during the 3rd quarter valued at approximately $1,579,000. Hillsdale Investment Management Inc. raised its position in shares of UiPath by 413.7% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 307,700 shares of the company’s stock valued at $4,117,000 after acquiring an additional 247,800 shares in the last quarter. DNB Asset Management AS acquired a new stake in shares of UiPath during the 3rd quarter valued at approximately $2,066,000. Finally, Campbell & CO Investment Adviser LLC lifted its stake in UiPath by 115.3% during the third quarter. Campbell & CO Investment Adviser LLC now owns 141,752 shares of the company’s stock worth $1,897,000 after purchasing an additional 75,927 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other 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.