UiPath (NYSE:PATH) CEO Sells $675,450.00 in Stock

UiPath, Inc. (NYSE:PATH) CEO Daniel Dines sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $15.01, for a total value of $675,450.00. Following the transaction, the chief executive officer owned 27,893,585 shares of the company’s stock, valued at $418,682,710.85. This represents a 0.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, January 22nd, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $15.02, for a total value of $675,900.00.
• On Wednesday, January 14th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $15.68, for a total transaction of $705,600.00.
• On Monday, January 12th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.61, for a total transaction of $747,450.00.
• On Friday, January 9th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $17.17, for a total transaction of $772,650.00.
• On Wednesday, January 7th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $17.32, for a total transaction of $779,400.00.
• On Monday, January 5th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $15.73, for a total transaction of $707,850.00.
• On Friday, January 2nd, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.38, for a total transaction of $737,100.00.
• On Wednesday, December 31st, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.55, for a total value of $744,750.00.
• On Monday, December 29th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.44, for a total value of $739,800.00.
• On Friday, December 26th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.90, for a total value of $760,500.00.

UiPath Price Performance

Shares of UiPath stock traded up $0.11 on Monday, reaching $14.91. The company had a trading volume of 25,860,775 shares, compared to its average volume of 27,265,063. The firm has a market cap of $7.97 billion, a price-to-earnings ratio of 35.50, a P/E/G ratio of 4.34 and a beta of 1.08. The firm’s 50-day moving average price is $15.77 and its two-hundred day moving average price is $13.97. UiPath, Inc. has a 1 year low of $9.38 and a 1 year high of $19.84.

UiPath (NYSE:PATH) last released its quarterly earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $411.11 million for the quarter, compared to analyst estimates of $392.46 million. UiPath had a return on equity of 3.73% 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 quarter in the prior year, the firm posted $0.11 EPS. As a group, analysts anticipate that UiPath, Inc. will post -0.17 EPS for the current year.

Hedge Funds Weigh In On UiPath

Institutional investors have recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. lifted its holdings in UiPath by 1.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 37,871 shares of the company’s stock worth $621,000 after buying an additional 720 shares during the period. GAMMA Investing LLC raised its position in shares of UiPath by 48.0% in the 2nd 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. Green Alpha Advisors LLC lifted its stake in shares of UiPath by 3.4% during the 4th quarter. Green Alpha Advisors LLC now owns 29,519 shares of the company’s stock worth $484,000 after purchasing an additional 973 shares during the last quarter. Covestor Ltd lifted its stake in shares of UiPath by 17.7% during the 3rd quarter. Covestor Ltd now owns 6,522 shares of the company’s stock worth $87,000 after purchasing an additional 981 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in UiPath by 0.8% during the second quarter. Rockefeller Capital Management L.P. now owns 123,329 shares of the company’s stock valued at $1,579,000 after purchasing an additional 1,033 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PATH has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price target on shares of UiPath from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 4th. Needham & Company LLC reissued a “hold” rating on shares of UiPath in a research note on Thursday, December 4th. Zacks Research upgraded UiPath from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Truist Financial set a $17.00 target price on UiPath in a research note on Thursday, December 4th. Finally, UBS Group reissued a “neutral” rating on shares of UiPath in a research note on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, UiPath presently has a consensus rating of “Hold” and a consensus price target of $16.00.

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. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric.