UiPath (NYSE:PATH) CEO Sells $742,050.00 in Stock

UiPath, Inc. (NYSE:PATHGet Free Report) CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $16.49, for a total value of $742,050.00. Following the completion of the sale, the chief executive officer directly owned 28,748,585 shares of the company’s stock, valued at approximately $474,064,166.65. This represents a 0.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Friday, December 19th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.07, for a total value of $723,150.00.
  • On Wednesday, December 17th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.11, for a total value of $724,950.00.
  • On Monday, December 15th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $17.30, for a total value of $778,500.00.
  • On Friday, December 12th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $17.91, for a total transaction of $805,950.00.
  • On Wednesday, December 10th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $18.61, for a total transaction of $837,450.00.
  • On Monday, December 8th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $19.21, for a total transaction 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 transaction 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 transaction 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.

UiPath Stock Up 7.8%

PATH stock opened at $17.21 on Friday. The company has a market cap of $9.20 billion, a price-to-earnings ratio of 40.98, a PEG ratio of 5.19 and a beta of 1.10. The business has a fifty day simple moving average of $15.50 and a 200-day simple moving average of $13.49. UiPath, Inc. has a 52 week low of $9.38 and a 52 week high of $19.84.

UiPath (NYSE:PATHGet Free Report) last issued its earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $411.11 million for the quarter, compared to analysts’ expectations of $392.46 million. UiPath had a return on equity of 3.73% and a net margin of 14.79%.The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 earnings per share. As a group, analysts expect that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Institutional Trading of UiPath

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Mirabella Financial Services LLP purchased a new position in UiPath in the third quarter valued at about $157,000. Allworth Financial LP increased its holdings in UiPath by 166.0% during the 3rd quarter. Allworth Financial LP now owns 21,989 shares of the company’s stock worth $294,000 after purchasing an additional 13,723 shares during the last quarter. Swiss Life Asset Management Ltd raised its position in shares of UiPath by 72.5% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 19,369 shares of the company’s stock valued at $259,000 after purchasing an additional 8,141 shares in the last quarter. Strategic Advocates LLC boosted its stake in shares of UiPath by 2.5% during the 3rd quarter. Strategic Advocates LLC now owns 58,483 shares of the company’s stock valued at $783,000 after buying an additional 1,446 shares during the last quarter. Finally, Danske Bank A S purchased a new position in shares of UiPath during the 3rd quarter valued at approximately $14,114,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Key UiPath News

Here are the key news stories impacting UiPath this week:

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. DA Davidson increased their target price on shares of UiPath from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Wells Fargo & Company boosted their price objective 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. Canaccord Genuity Group raised their target price on shares of UiPath from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. BMO Capital Markets lifted their target price on shares of UiPath from $13.00 to $17.00 and gave the company a “market perform” rating in a report on Thursday, December 4th. Finally, Wall Street Zen cut shares of UiPath from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. One equities research analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, UiPath presently has a consensus rating of “Hold” and a consensus target price of $16.00.

Read Our Latest Analysis on PATH

About UiPath

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for UiPath (NYSE:PATH)

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