UiPath, Inc. (NYSE:PATH – Get Free Report) CEO Daniel Dines sold 122,733 shares of the business’s stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $12.08, for a total transaction of $1,482,614.64. Following the completion of the transaction, the chief executive officer owned 1,718,269 shares in the company, valued at $20,756,689.52. This trade represents a 6.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Daniel Dines also recently made the following trade(s):
- On Wednesday, September 24th, Daniel Dines sold 122,733 shares of UiPath stock. The shares were sold at an average price of $12.44, for a total transaction of $1,526,798.52.
- On Monday, September 22nd, Daniel Dines sold 122,733 shares of UiPath stock. The shares were sold at an average price of $12.20, for a total transaction of $1,497,342.60.
- On Friday, September 19th, Daniel Dines sold 122,733 shares of UiPath stock. The shares were sold at an average price of $11.92, for a total value of $1,462,977.36.
- On Wednesday, September 17th, Daniel Dines sold 122,733 shares of UiPath stock. The shares were sold at an average price of $11.71, for a total value of $1,437,203.43.
- On Wednesday, September 10th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $12.01, for a total value of $540,450.00.
- On Thursday, July 31st, Daniel Dines sold 9,988 shares of UiPath stock. The shares were sold at an average price of $12.00, for a total value of $119,856.00.
- On Wednesday, July 30th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $12.06, for a total value of $542,700.00.
- On Monday, July 28th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $12.16, for a total value of $547,200.00.
- On Friday, July 25th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $12.25, for a total transaction of $551,250.00.
- On Wednesday, July 23rd, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $12.56, for a total transaction of $565,200.00.
UiPath Stock Up 0.6%
UiPath stock opened at $12.21 on Monday. The firm’s fifty day moving average is $11.52 and its 200 day moving average is $11.79. UiPath, Inc. has a 12-month low of $9.38 and a 12-month high of $15.93. The company has a market capitalization of $6.48 billion, a PE ratio of 407.00, a PEG ratio of 4.67 and a beta of 1.02.
Institutional Trading of UiPath
Several institutional investors and hedge funds have recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC purchased a new stake in UiPath in the 2nd quarter valued at about $28,000. Versant Capital Management Inc increased its position in shares of UiPath by 198.6% during the first quarter. Versant Capital Management Inc now owns 2,962 shares of the company’s stock valued at $31,000 after acquiring an additional 1,970 shares during the last quarter. AdvisorNet Financial Inc increased its position in shares of UiPath by 320.4% during the second quarter. AdvisorNet Financial Inc now owns 2,476 shares of the company’s stock valued at $32,000 after acquiring an additional 1,887 shares during the last quarter. CX Institutional purchased a new stake in shares of UiPath during the first quarter valued at approximately $36,000. Finally, GAMMA Investing LLC increased its position in shares of UiPath by 48.0% during the second quarter. GAMMA Investing LLC now owns 2,989 shares of the company’s stock valued at $38,000 after acquiring an additional 969 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on PATH. Zacks Research raised UiPath from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 8th. Morgan Stanley upped their price objective on shares of UiPath from $12.00 to $15.00 and gave the stock an “equal weight” rating in a report on Monday, June 2nd. Needham & Company LLC restated a “hold” rating on shares of UiPath in a report on Friday, September 5th. Truist Financial lowered their target price on shares of UiPath from $13.00 to $12.00 and set a “hold” rating on the stock in a report on Friday, September 5th. Finally, Wall Street Zen upgraded shares of UiPath from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, UiPath presently has a consensus rating of “Hold” and an average target price of $13.18.
Read Our Latest Report on PATH
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.
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