The growth track for UiPath Inc. (PATH) has changed recently

UiPath Inc. (NYSE: PATH) stock jumped 2.88% on Monday to $14.64 against a previous-day closing price of $14.23. With 2.83 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.16 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $14.70 whereas the lowest price it dropped to was $14.11. The 52-week range on PATH shows that it touched its highest point at $39.00 and its lowest point at $10.40 during that stretch. It currently has a 1-year price target of $17.04.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PATH was up-trending over the past week, with a rise of 6.01%, but this was up by 16.28% over a month. Three-month performance surged to 26.32% while six-month performance fell -24.57%. The stock lost -58.55% in the past year, while it has gained 15.18% so far this year. A look at the trailing 12-month EPS for PATH yields -0.69 with Next year EPS estimates of 0.14. For the next quarter, that number is 0.07. This implies an EPS growth rate of -549.60% for this year and 132.20% for next year.

Float and Shares Shorts:

At present, 550.16 million PATH shares are outstanding with a float of 415.58 million shares on hand for trading. On Oct 13, 2022, short shares totaled 27.53 million, which was 5.01% higher than short shares on Sep 14, 2022. In addition to Mr. Daniel Solomon Dines as the firm’s Co-Founder, Co-CEO & Chairman, Mr. Ashim Gupta serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 61.41% of PATH’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 29.99% of PATH, in contrast to 26.58% held by mutual funds. Shares owned by individuals account for 22.06%. As the largest shareholder in PATH with 9.80% of the stake, ARK Investment Management LLC holds 46,084,074 shares worth 46,084,074. A second-largest stockholder of PATH, Nikko Asset Management Co., Ltd., holds 29,193,046 shares, controlling over 6.21% of the firm’s shares. Nikko Asset Management Americas, is the third largest shareholder in PATH, holding 28,180,516 shares or 5.99% stake. With a 5.58% stake in PATH, the ARK Innovation ETF is the largest stakeholder. A total of 26,264,953 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 1.97% of PATH stock, is the second-largest Mutual Fund holder. It holds 9,254,895 shares valued at 117.63 million. Nikko AM Global Umbrella Fund – A holds 1.49% of the stake in PATH, owning 6,996,112 shares worth 88.92 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PATH since 21 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 12 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PATH analysts setting a high price target of $27.50 and a low target of $13.00, the average target price over the next 12 months is $17.47. Based on these targets, PATH could surge 87.84% to reach the target high and fall by -11.2% to reach the target low. Reaching the average price target will result in a growth of 19.33% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. PATH will report FY 2023 earnings on 03/30/2023. Analysts have provided yearly estimates in a range of $0.08 being high and $0.04 being low. For PATH, this leads to a yearly average estimate of $0.06. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. UiPath Inc. surprised analysts by $0.10 when it reported $0.05 EPS against a consensus estimate of -$0.05. The surprise factor in the prior quarter was $0.08. Based on analyst estimates, the high estimate for the next quarter is $0.08 and the low estimate is $0.05. The average estimate for the next quarter is thus $0.06.

Summary of Insider Activity:

Insiders traded PATH stock several times over the past three months with 6 Buys and 29 Sells. In these transactions, 1,792,564 shares were bought while 607,794 shares were sold. The number of buy transactions has increased to 27 while that of sell transactions has risen to 68 over the past year. The total number of shares bought during that period was 7,563,865 while 1,288,400 shares were sold.

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