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

UiPath, Inc. (NYSE:PATH) CEO Daniel Dines sold 45,000 shares of the company’s stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $12.44, for a total value of $559,800.00. Following the completion of the sale, the chief executive officer owned 5,148,376 shares of the company’s stock, valued at $64,045,797.44. This represents a 0.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, July 11th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $12.71, for a total value of $571,950.00.
• On Wednesday, July 9th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $13.17, for a total value of $592,650.00.
• On Monday, July 7th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $13.11, for a total value of $589,950.00.
• On Wednesday, July 2nd, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $12.54, for a total value of $564,300.00.
• On Monday, June 30th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $12.78, for a total value of $575,100.00.
• On Friday, June 27th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $12.78, for a total value of $575,100.00.
• On Wednesday, June 25th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $12.55, for a total value of $564,750.00.
• On Monday, June 23rd, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $12.10, for a total value of $544,500.00.

UiPath Stock Performance

Shares of NYSE PATH opened at $12.47 on Tuesday. The stock has a 50 day moving average price of $12.73 and a 200 day moving average price of $12.46. UiPath, Inc. has a 52 week low of $9.38 and a 52 week high of $15.93. The stock has a market capitalization of $6.67 billion, a PE ratio of -103.87, a price-to-earnings-growth ratio of 16.18 and a beta of 1.04.

UiPath (NYSE:PATH) last issued its quarterly earnings results on Thursday, May 29th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The firm had revenue of $356.62 million during the quarter, compared to analysts’ expectations of $332.17 million. UiPath had a negative return on equity of 3.05% and a negative net margin of 4.65%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 earnings per share. As a group, research analysts forecast that UiPath, Inc. will post -0.17 EPS for the current year.

Analysts Set New Price Targets

PATH has been the subject of several recent analyst reports. Needham & Company LLC restated a “hold” rating on shares of UiPath in a report on Friday, May 30th. Barclays restated an “equal weight” rating on shares of UiPath in a report on Friday, May 30th. DA Davidson upgraded UiPath to a “hold” rating in a report on Monday, June 9th. Truist Financial upped their price objective on UiPath from $12.00 to $13.00 and gave the stock a “hold” rating in a research report on Friday, May 30th. Finally, Evercore ISI upped their price objective on UiPath from $11.00 to $15.00 and gave the stock an “in-line” rating in a research report on Friday, May 30th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $13.83.

Institutional Trading of UiPath

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in UiPath by 3.0% in the first quarter. Vanguard Group Inc. now owns 48,061,096 shares of the company’s stock valued at $495,029,000 after buying an additional 1,396,972 shares during the period. Senvest Management LLC raised its stake in UiPath by 29.2% in the fourth quarter. Senvest Management LLC now owns 14,074,783 shares of the company’s stock valued at $178,890,000 after buying an additional 3,180,300 shares during the period. AQR Capital Management LLC raised its stake in UiPath by 45.3% in the fourth quarter. AQR Capital Management LLC now owns 6,646,320 shares of the company’s stock valued at $84,209,000 after buying an additional 2,072,089 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in UiPath by 10.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,132,003 shares of the company’s stock valued at $63,164,000 after buying an additional 602,866 shares during the period. Finally, Federated Hermes Inc. raised its stake in UiPath by 479.3% in the first quarter. Federated Hermes Inc. now owns 5,720,096 shares of the company’s stock valued at $58,917,000 after buying an additional 4,732,712 shares during the period. Institutional investors own 62.50% of the company’s stock.

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.