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UiPath beat earnings estimates in Q3 but saw shares drop due to insider selling and a "Hold" outlook.
UiPath reported strong Q3 results on December 3, with earnings of $0.16 per share and revenue of $411.11 million, exceeding estimates, and posting 15.9% year-over-year revenue growth.
Despite the positive financials, shares fell 3.4% to $17.42 on Friday, with higher-than-average trading volume.
The stock remains near its 50-day moving average, and analysts maintain a "Hold" rating with a $16.00 target.
Insider selling, including from CEO Daniel Dines and CFO Ashim Gupta, totaled 2.39 million shares worth $35.77 million in the past three months.
The company, which provides robotic process automation globally, has a market cap of $9.25 billion and a forward P/E of 41.46.
UiPath superó las estimaciones de ganancias en el tercer trimestre, pero vio caer las acciones debido a las ventas internas y una perspectiva de "Hold".