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

UiPath, Inc. (NYSE:PATH) CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $16.90, for a total transaction of $760,500.00. Following the completion of the transaction, the chief executive officer directly owned 28,613,585 shares of the company’s stock, valued at $483,569,586.50. This trade represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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 transaction of $739,800.00.
• On Wednesday, December 24th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.91, for a total value of $760,950.00.
• 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 value of $742,050.00.
• 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 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 Down 0.1%

PATH stock opened at $16.83 on Tuesday. The stock has a market cap of $9.00 billion, a PE ratio of 40.06, a price-to-earnings-growth ratio of 5.09 and a beta of 1.10. The firm’s 50-day simple moving average is $15.54 and its 200 day simple moving average is $13.55. UiPath, Inc. has a fifty-two week low of $9.38 and a fifty-two week high of $19.84.

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

Wall Street Analyst Weigh In

Several research firms recently commented on PATH. Morgan Stanley raised their target price on UiPath from $15.00 to $19.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 9th. BMO Capital Markets raised their price target on UiPath from $13.00 to $17.00 and gave the company a “market perform” rating in a report on Thursday, December 4th. DA Davidson lifted their price objective on shares of UiPath from $12.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Mizuho increased their target price on shares of UiPath from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Finally, Barclays raised their target price on shares of UiPath from $14.00 to $16.00 and gave the company an “equal weight” rating in a research note on Thursday, December 4th. One research analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, UiPath presently has a consensus rating of “Hold” and an average price target of $16.00.

Institutional Investors Weigh In On UiPath

Several hedge funds and other institutional investors have recently bought and sold shares of PATH. Hudson Bay Capital Management LP acquired a new stake in UiPath in the 2nd quarter valued at about $102,559,000. Norges Bank bought a new stake in shares of UiPath in the 2nd quarter worth approximately $68,451,000. AQR Capital Management LLC lifted its stake in UiPath by 76.0% during the second quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock valued at $145,732,000 after purchasing an additional 4,926,341 shares during the last quarter. TFG Asset Management GP Ltd boosted its holdings in UiPath by 53.3% during the second quarter. TFG Asset Management GP Ltd now owns 13,722,244 shares of the company’s stock worth $175,645,000 after buying an additional 4,772,244 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new stake in UiPath during the second quarter worth approximately $59,561,000. 62.50% of the stock is currently owned by institutional investors.

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.