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

UiPath, Inc. (NYSE:PATH) CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $16.55, for a total value of $744,750.00. Following the transaction, the chief executive officer owned 28,478,585 shares of the company’s stock, valued at $471,320,581.75. The trade was a 0.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 shares were 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 transaction of $760,500.00.
• 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 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 value 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 value of $864,450.00.

UiPath Price Performance

Shares of NYSE:PATH opened at $16.38 on Friday. UiPath, Inc. has a 1 year low of $9.38 and a 1 year high of $19.84. The company has a market cap of $8.76 billion, a P/E ratio of 39.00, a PEG ratio of 4.95 and a beta of 1.08. The stock’s fifty day moving average price is $15.60 and its 200-day moving average price is $13.62.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. UBS Group reaffirmed a “neutral” rating on shares of UiPath in a research report on Thursday, December 4th. Cowen reaffirmed a “hold” rating on shares of UiPath in a report on Thursday, December 4th. Wall Street Zen downgraded UiPath from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 6th. Evercore ISI boosted their price target on UiPath from $15.00 to $17.00 and gave the company an “in-line” rating in a research note on Thursday, December 4th. Finally, Truist Financial set a $17.00 price target on shares of UiPath in a research report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $16.00.

Institutional Trading of UiPath

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mirabella Financial Services LLP bought a new position in shares of UiPath in the third quarter worth about $157,000. Allworth Financial LP raised its stake 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 acquiring an additional 13,723 shares during the period. Swiss Life Asset Management Ltd raised its stake in UiPath by 72.5% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 19,369 shares of the company’s stock worth $259,000 after acquiring an additional 8,141 shares during the period. Strategic Advocates LLC lifted its holdings in UiPath by 2.5% during the third quarter. Strategic Advocates LLC now owns 58,483 shares of the company’s stock valued at $783,000 after purchasing an additional 1,446 shares in the last quarter. Finally, Danske Bank A S bought a new position in shares of UiPath in the third quarter worth approximately $14,114,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

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.