UiPath (NYSE:PATH) CEO Daniel Dines Sells 45,000 Shares of Stock

UiPath, Inc. (NYSE:PATH) CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $18.61, for a total value of $837,450.00. Following the sale, the chief executive officer directly owned 29,108,585 shares of the company’s stock, valued at approximately $541,710,766.85. This trade represents a 0.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, December 8th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $19.21, for a total value of $864,450.00.
• On Wednesday, November 5th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were 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 stock was 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 shares were 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 stock was 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 shares were sold at an average price of $15.53, for a total value of $698,850.00.
• On Monday, October 20th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $15.71, for a total value 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.

UiPath Stock Down 1.6%

Shares of NYSE:PATH traded down $0.31 during midday trading on Wednesday, hitting $18.67. 21,536,755 shares of the stock traded hands, compared to its average volume of 15,483,634. The business’s 50 day moving average is $15.18 and its two-hundred day moving average is $13.17. The stock has a market capitalization of $9.91 billion, a PE ratio of 44.45, a P/E/G ratio of 7.16 and a beta of 1.10. UiPath, Inc. has a one year low of $9.38 and a one year high of $19.84.

UiPath (NYSE:PATH) last announced its quarterly earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, beating 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 revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.11 EPS. As a group, sell-side analysts forecast that UiPath, Inc. will post -0.17 earnings per share for the current year.

Hedge Funds Weigh In On UiPath

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of UiPath in the 2nd quarter worth about $28,000. AdvisorNet Financial Inc lifted its position in UiPath by 320.4% during the 2nd 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 period. GAMMA Investing LLC boosted its stake 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 acquiring an additional 969 shares in the last quarter. IFP Advisors Inc grew its holdings in UiPath by 508.0% in the second quarter. IFP Advisors Inc now owns 3,283 shares of the company’s stock worth $42,000 after purchasing an additional 2,743 shares during the period. Finally, Bayforest Capital Ltd increased its stake in shares of UiPath by 852.4% during the second quarter. Bayforest Capital Ltd now owns 4,143 shares of the company’s stock valued at $53,000 after purchasing an additional 3,708 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Truist Financial set a $17.00 target price on UiPath in a report on Thursday, December 4th. Morgan Stanley boosted their price objective on shares of UiPath from $15.00 to $19.00 and gave the company an “equal weight” rating in a research report on Tuesday. UBS Group restated a “neutral” rating on shares of UiPath in a report on Thursday, December 4th. Royal Bank Of Canada raised their target price on shares of UiPath from $16.00 to $19.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of UiPath in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, UiPath presently has a consensus rating of “Reduce” and an average target price of $16.00.

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.