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 firm’s stock in a transaction on Monday, July 21st. The shares were sold at an average price of $12.72, for a total transaction of $572,400.00. Following the completion of the transaction, the chief executive officer directly owned 4,923,376 shares of the company’s stock, valued at $62,625,342.72. This represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, July 18th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $12.38, for a total value of $557,100.00.
• On Wednesday, July 16th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $12.43, for a total value of $559,350.00.
• On Wednesday, July 16th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $12.43, for a total value of $559,350.00.
• On Monday, July 14th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $12.44, for a total value of $559,800.00.
• On Friday, July 11th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was 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 stock was 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 shares were 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.

UiPath Price Performance

Shares of NYSE:PATH opened at $12.49 on Tuesday. The business’s 50 day simple moving average is $12.75 and its 200-day simple moving average is $12.45. UiPath, Inc. has a 12 month low of $9.38 and a 12 month high of $15.93.

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

Institutional Trading of UiPath

A number of institutional investors and hedge funds have recently made changes to their positions in PATH. Tidal Investments LLC lifted its position in shares of UiPath by 3.7% during the fourth quarter. Tidal Investments LLC now owns 22,487 shares of the company’s stock worth $286,000 after purchasing an additional 797 shares during the last quarter. True Wealth Design LLC lifted its holdings in UiPath by 18.4% in the fourth quarter. True Wealth Design LLC now owns 5,163 shares of the company’s stock worth $66,000 after acquiring an additional 801 shares during the last quarter. GAMMA Investing LLC lifted its holdings in UiPath by 48.0% in 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 during the last quarter. United Capital Financial Advisors LLC lifted its holdings in UiPath by 8.6% in the fourth quarter. United Capital Financial Advisors LLC now owns 12,238 shares of the company’s stock worth $156,000 after acquiring an additional 971 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in UiPath by 6.8% in the fourth quarter. NewEdge Advisors LLC now owns 15,809 shares of the company’s stock worth $201,000 after acquiring an additional 1,003 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PATH. Barclays reaffirmed an “equal weight” rating on shares of UiPath in a research report on Friday, May 30th. BMO Capital Markets lifted their price target on UiPath from $11.50 to $15.50 and gave the stock a “market perform” rating in a research report on Friday, May 30th. Canaccord Genuity Group set a $16.00 price target on UiPath and gave the stock a “buy” rating in a research report on Monday, June 2nd. Needham & Company LLC reissued a “hold” rating on shares of UiPath in a report on Friday, May 30th. Finally, Royal Bank Of Canada boosted their price objective on UiPath from $13.00 to $15.00 and gave the company a “sector perform” rating in a report on Friday, May 30th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, UiPath currently has a consensus rating of “Hold” and a consensus price target of $13.83.

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.