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

UiPath, Inc. (NYSE:PATH) CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $15.73, for a total value of $707,850.00. Following the completion of the sale, the chief executive officer owned 28,388,585 shares of the company’s stock, valued at $446,552,442.05. The trade was a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Friday, January 2nd, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.38, for a total transaction of $737,100.00.
• On Wednesday, December 31st, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.55, for a total transaction of $744,750.00.
• 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 Friday, December 26th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were 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 stock was 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.

UiPath Stock Performance

UiPath stock opened at $16.02 on Tuesday. UiPath, Inc. has a one year low of $9.38 and a one year high of $19.84. The stock has a fifty day moving average of $15.56 and a 200 day moving average of $13.69. The stock has a market cap of $8.57 billion, a PE ratio of 38.15, a price-to-earnings-growth ratio of 4.80 and a beta of 1.08.

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

Hedge Funds Weigh In On UiPath

A number of hedge funds have recently made changes to their positions in PATH. Noble Wealth Management PBC purchased a new stake in shares of UiPath during the fourth quarter worth about $25,000. GAMMA Investing LLC grew its holdings in UiPath by 93.3% during the 4th quarter. GAMMA Investing LLC now owns 5,251 shares of the company’s stock valued at $86,000 after buying an additional 2,534 shares in the last quarter. Mirabella Financial Services LLP purchased a new stake in UiPath during the 3rd quarter valued at approximately $157,000. Allworth Financial LP raised its position in shares of UiPath by 166.0% during the third quarter. Allworth Financial LP now owns 21,989 shares of the company’s stock valued at $294,000 after buying an additional 13,723 shares during the last quarter. Finally, Swiss Life Asset Management Ltd lifted its holdings in shares of UiPath by 72.5% in the third quarter. Swiss Life Asset Management Ltd now owns 19,369 shares of the company’s stock worth $259,000 after buying an additional 8,141 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

PATH has been the topic of several analyst reports. Mizuho lifted their price target on shares of UiPath from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Canaccord Genuity Group lifted their target price on UiPath from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Royal Bank Of Canada reduced their price target on UiPath from $19.00 to $17.00 and set a “sector perform” rating for the company in a research report on Monday. Truist Financial set a $17.00 price objective on UiPath in a research report on Thursday, December 4th. Finally, UBS Group reiterated a “neutral” rating on shares of UiPath in a research note on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $15.85.

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.