UiPath Inc (NYSE:PATH) has a beta value of 0.96 and has seen 5.85 million shares traded in the last trading session. The company, currently valued at $12.34B, closed the last trade at $21.80 per share which meant it gained $0.15 on the day or 0.69% during that session. The PATH stock price is -27.84% off its 52-week high price of $27.87 and 43.21% above the 52-week low of $12.38. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.95 million shares traded. The 3-month trading volume is 9.34 million shares.
UiPath Inc (NYSE:PATH) trade information
Sporting 0.69% in the green in last session, the stock has traded in the green over the last five days, when the PATH stock price touched $21.80 or saw a rise of 1.4%. Year-to-date, UiPath Inc shares have moved -12.24%, while the 5-day performance has seen it change 1.07%. Over the past 30 days, the shares of UiPath Inc (NYSE:PATH) have changed -7.86%. Short interest in the company has seen 17.57 million shares shorted with days to cover at 1.6.
UiPath Inc (PATH) estimates and forecasts
Figures show that UiPath Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 30.38% over the past 6 months, with this year growth rate of 5.56%, compared to 16.50% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 9.10% and 11.10% for the next quarter. Revenue growth from the last financial year stood is estimated to be 19.10%.
19 analysts offering their estimates for the company have set an average revenue estimate of $333.04 million for the current quarter. 19 have an estimated revenue figure of $342.33 million for the next quarter concluding in Jul 2024.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 20.57% over the past 5 years. Earnings growth for 2024 is a modest 6.84% while over the next 5 years, the company’s earnings are expected to increase by 46.20%.
PATH Dividends
UiPath Inc is expected to release its next earnings report on March 13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
UiPath Inc (NYSE:PATH)’s Major holders
Insiders own 6.87% of the company shares, while shares held by institutions stand at 70.58% with a share float percentage of 75.78%. Investors are also buoyed by the number of investors in a company, with UiPath Inc having a total of 693 institutions that hold shares in the company. The top two institutional holders are ARK Investment Management, LLC with over 47.33 million shares worth more than $809.75 million. As of Sep 29, 2023, ARK Investment Management, LLC held 9.77% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 35.08 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $581.23 million and represent 7.24% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are ARK ETF Tr-ARK Innovation ETF and Vanguard Total Stock Market Index Fund. As of Sep 29, 2023, the former fund manager holds about 5.66% shares in the company for having 27.4 million shares of worth $468.89 million while later fund manager owns 10.5 million shares of worth $173.93 million as of Jun 29, 2023, which makes it owner of about 2.17% of company’s outstanding stock.
