UiPath (NYSE:PATH) CEO Sells $864,450.00 in Stock

UiPath, Inc. (NYSE:PATH) CEO Daniel Dines sold 45,000 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $19.21, for a total transaction of $864,450.00. Following the transaction, the chief executive officer owned 29,198,585 shares in the company, valued at approximately $560,904,817.85. This trade represents a 0.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Daniel Dines also recently made the following trade(s):

• On Wednesday, November 5th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $15.07, for a total value of $678,150.00.
• On Monday, November 3rd, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.23, for a total value of $730,350.00.
• On Friday, October 31st, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $15.72, for a total transaction of $707,400.00.
• On Wednesday, October 29th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.29, for a total transaction of $733,050.00.
• On Monday, October 27th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.73, for a total transaction of $752,850.00.
• On Friday, October 24th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $15.46, for a total transaction of $695,700.00.
• On Wednesday, October 22nd, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $15.53, for a total transaction of $698,850.00.
• On Monday, October 20th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $15.71, for a total transaction of $706,950.00.
• On Friday, October 17th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $15.62, for a total transaction of $702,900.00.
• On Wednesday, October 15th, Daniel Dines sold 122,734 shares of UiPath stock. The stock was sold at an average price of $16.92, for a total value of $2,076,659.28.

UiPath Stock Up 3.2%

Shares of PATH traded up $0.60 on Monday, reaching $19.27. The stock had a trading volume of 31,991,911 shares, compared to its average volume of 15,446,572. UiPath, Inc. has a twelve month low of $9.38 and a twelve month high of $19.84. The firm has a market capitalization of $10.23 billion, a PE ratio of 45.87, a PEG ratio of 6.93 and a beta of 1.10. The firm has a 50-day moving average of $14.93 and a 200 day moving average of $13.08.

UiPath (NYSE:PATH) last posted its earnings results on Wednesday, December 3rd. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $411.11 million for the quarter, compared to the consensus estimate of $392.46 million. UiPath had a return on equity of 3.83% and a net margin of 14.79%.UiPath’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 earnings per share. On average, sell-side analysts anticipate that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Truist Financial set a $17.00 price objective on shares of UiPath in a research note on Thursday. Barclays increased their price target on shares of UiPath from $14.00 to $16.00 and gave the company an “equal weight” rating in a research report on Thursday. Weiss Ratings restated a “sell (d+)” rating on shares of UiPath in a research report on Thursday, October 30th. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a report on Thursday. Finally, Mizuho raised their price target on UiPath from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday. One equities research analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $15.46.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Twin Peaks Wealth Advisors LLC purchased a new position in shares of UiPath during the 2nd quarter worth $28,000. AdvisorNet Financial Inc increased its stake in UiPath by 320.4% in the second quarter. AdvisorNet Financial Inc now owns 2,476 shares of the company’s stock valued at $32,000 after purchasing an additional 1,887 shares during the last quarter. GAMMA Investing LLC lifted its position in UiPath by 48.0% during the second quarter. GAMMA Investing LLC now owns 2,989 shares of the company’s stock worth $38,000 after buying an additional 969 shares during the period. IFP Advisors Inc boosted its stake in UiPath by 508.0% in the 2nd quarter. IFP Advisors Inc now owns 3,283 shares of the company’s stock worth $42,000 after buying an additional 2,743 shares during the last quarter. Finally, Bayforest Capital Ltd boosted its stake in UiPath by 852.4% in the 2nd quarter. Bayforest Capital Ltd now owns 4,143 shares of the company’s stock worth $53,000 after buying an additional 3,708 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

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.