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

UiPath, Inc. (NYSE:PATH) CEO Daniel Dines sold 45,000 shares of the stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $16.91, for a total transaction of $760,950.00. Following the completion of the sale, the chief executive officer directly owned 28,658,585 shares in the company, valued at approximately $484,616,672.35. The trade was a 0.16% decrease in their ownership of the stock. The sale 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 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 stock was sold at an average price of $16.90, for a total value of $760,500.00.
• On Monday, December 22nd, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.49, for a total transaction of $742,050.00.
• On Friday, December 19th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.07, for a total transaction of $723,150.00.
• On Wednesday, December 17th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were 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 stock was 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 stock was sold at an average price of $17.91, for a total value of $805,950.00.
• On Wednesday, December 10th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $18.61, for a total value of $837,450.00.
• 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 transaction of $864,450.00.
• On Wednesday, November 5th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $15.07, for a total transaction of $678,150.00.

UiPath Stock Performance

UiPath stock opened at $16.83 on Tuesday. UiPath, Inc. has a 1 year low of $9.38 and a 1 year high of $19.84. The firm has a 50 day moving average price of $15.54 and a 200 day moving average price of $13.55. The company has a market cap of $9.00 billion, a price-to-earnings ratio of 40.06, a PEG ratio of 5.09 and a beta of 1.10.

UiPath (NYSE:PATH) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. UiPath had a net margin of 14.79% and a return on equity of 3.73%. The company had revenue of $411.11 million for the quarter, compared to the consensus estimate of $392.46 million. During the same quarter last year, the firm posted $0.11 earnings per share. UiPath’s revenue was up 15.9% on a year-over-year basis. Sell-side analysts predict that UiPath, Inc. will post -0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

PATH has been the topic of a number of research reports. Morgan Stanley raised their price objective on UiPath from $15.00 to $19.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 9th. Barclays lifted their price target on shares of UiPath from $14.00 to $16.00 and gave the company an “equal weight” rating in a research report on Thursday, December 4th. DA Davidson increased their price objective 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UiPath in a research report on Monday, December 22nd. Finally, Zacks Research downgraded shares of UiPath from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $16.00.

Institutional Investors Weigh In On UiPath

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in UiPath by 4.9% during the third quarter. Vanguard Group Inc. now owns 47,895,884 shares of the company’s stock valued at $640,847,000 after acquiring an additional 2,251,434 shares during the period. TFG Asset Management GP Ltd lifted its holdings in UiPath by 53.3% during the 2nd quarter. TFG Asset Management GP Ltd now owns 13,722,244 shares of the company’s stock valued at $175,645,000 after purchasing an additional 4,772,244 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of UiPath by 76.0% in the 2nd quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock worth $145,732,000 after acquiring an additional 4,926,341 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of UiPath by 40.7% during the second quarter. Federated Hermes Inc. now owns 8,048,321 shares of the company’s stock worth $103,019,000 after purchasing an additional 2,328,225 shares during the last quarter. Finally, State Street Corp grew its holdings in UiPath by 5.0% during the 2nd quarter. State Street Corp now owns 8,032,345 shares of the company’s stock worth $102,814,000 after acquiring an additional 378,851 shares during the last quarter. Institutional investors and hedge funds 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. 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.