UiPath, Inc. (NYSE:PATH – Get Free Report) CEO Daniel Dines sold 122,733 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $13.33, for a total transaction of $1,636,030.89. Following the sale, the chief executive officer owned 1,350,070 shares of the company’s stock, valued at approximately $17,996,433.10. The trade was a 8.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Daniel Dines also recently made the following trade(s):
- On Monday, September 29th, Daniel Dines sold 122,733 shares of UiPath stock. The stock was sold at an average price of $12.33, for a total value of $1,513,297.89.
- On Friday, September 26th, Daniel Dines sold 122,733 shares of UiPath stock. The stock was sold at an average price of $12.08, for a total value of $1,482,614.64.
- On Wednesday, September 24th, Daniel Dines sold 122,733 shares of UiPath stock. The stock was sold at an average price of $12.44, for a total value of $1,526,798.52.
- On Monday, September 22nd, Daniel Dines sold 122,733 shares of UiPath stock. The stock was sold at an average price of $12.20, for a total value of $1,497,342.60.
- On Friday, September 19th, Daniel Dines sold 122,733 shares of UiPath stock. The stock was 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 stock was sold at an average price of $11.71, for a total transaction of $1,437,203.43.
- On Wednesday, September 10th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $12.01, for a total transaction of $540,450.00.
- On Thursday, July 31st, Daniel Dines sold 9,988 shares of UiPath stock. The stock was sold at an average price of $12.00, for a total transaction of $119,856.00.
- On Wednesday, July 30th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $12.06, for a total transaction 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 transaction of $547,200.00.
UiPath Trading Down 2.7%
UiPath stock opened at $13.03 on Thursday. UiPath, Inc. has a 1-year low of $9.38 and a 1-year high of $15.93. The firm has a market capitalization of $6.92 billion, a price-to-earnings ratio of 434.17, a P/E/G ratio of 4.95 and a beta of 1.07. The firm has a 50 day simple moving average of $11.54 and a 200 day simple moving average of $11.82.
Analyst Upgrades and Downgrades
Several brokerages have commented on PATH. BMO Capital Markets cut their target price on UiPath from $15.50 to $12.50 and set a “market perform” rating for the company in a research note on Friday, September 5th. Needham & Company LLC restated a “hold” rating on shares of UiPath in a research report on Friday, September 5th. Canaccord Genuity Group cut their price target on shares of UiPath from $16.00 to $15.00 and set a “buy” rating for the company in a report on Monday, September 8th. DA Davidson started coverage on shares of UiPath in a report on Friday, September 5th. They issued a “neutral” rating and a $12.00 price target for the company. Finally, Truist Financial cut their price target on shares of UiPath from $13.00 to $12.00 and set a “hold” rating for the company in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $13.18.
View Our Latest Stock Analysis on UiPath
Institutional Investors Weigh In On UiPath
Hedge funds have recently bought and sold shares of the stock. Hudson Bay Capital Management LP bought a new stake in UiPath during the second quarter worth about $102,559,000. Norges Bank bought a new stake in UiPath in the 2nd quarter worth approximately $68,451,000. AQR Capital Management LLC lifted its position in UiPath by 76.0% in the 2nd quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock worth $145,732,000 after buying an additional 4,926,341 shares during the last quarter. TFG Asset Management GP Ltd lifted its position in UiPath by 53.3% in the 2nd quarter. TFG Asset Management GP Ltd now owns 13,722,244 shares of the company’s stock worth $175,645,000 after buying an additional 4,772,244 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in UiPath by 479.3% in the 1st quarter. Federated Hermes Inc. now owns 5,720,096 shares of the company’s stock worth $58,917,000 after buying an additional 4,732,712 shares during the last quarter. 62.50% of the stock is currently owned by 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.
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