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

UiPath, Inc. (NYSE:PATH) CEO Daniel Dines sold 45,000 shares of the firm’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $17.17, for a total transaction of $772,650.00. Following the sale, the chief executive officer owned 28,208,585 shares of the company’s stock, valued at approximately $484,341,404.45. This represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, January 7th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $17.32, for a total transaction of $779,400.00.
• On Monday, January 5th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $15.73, for a total transaction of $707,850.00.
• 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 stock was 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 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 value of $760,500.00.
• On Wednesday, December 24th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was 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 stock was sold at an average price of $16.11, for a total value of $724,950.00.

UiPath Stock Performance

PATH opened at $16.32 on Friday. The company’s 50-day simple moving average is $15.64 and its two-hundred day simple moving average is $13.81. The stock has a market capitalization of $8.73 billion, a P/E ratio of 38.86, a P/E/G ratio of 4.79 and a beta of 1.08. UiPath, Inc. has a 52-week low of $9.38 and a 52-week high of $19.84.

UiPath (NYSE:PATH) last released its quarterly earnings data on Wednesday, December 3rd. The company reported $0.16 earnings per share for the quarter, beating 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 period in the previous year, the company earned $0.11 earnings per share. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. Research analysts forecast that UiPath, Inc. will post -0.17 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on PATH shares. Wells Fargo & Company lifted their price objective on UiPath from $12.00 to $14.00 and gave the stock an “equal weight” rating in a report on Thursday, December 4th. DA Davidson boosted their price target on UiPath from $12.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. UBS Group reaffirmed a “neutral” rating on shares of UiPath in a research report on Thursday, December 4th. Mizuho raised their price objective on shares of UiPath from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of UiPath in a research report on Monday, December 29th. One investment 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $15.85.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PATH. GAMMA Investing LLC raised its stake in UiPath by 48.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,989 shares of the company’s stock worth $38,000 after acquiring an additional 969 shares during the period. Green Alpha Advisors LLC increased its stake in shares of UiPath by 3.4% in the fourth quarter. Green Alpha Advisors LLC now owns 29,519 shares of the company’s stock worth $484,000 after purchasing an additional 973 shares in the last quarter. Covestor Ltd increased its stake in shares of UiPath by 17.7% in the third quarter. Covestor Ltd now owns 6,522 shares of the company’s stock worth $87,000 after purchasing an additional 981 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of UiPath by 0.8% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 123,329 shares of the company’s stock valued at $1,579,000 after purchasing an additional 1,033 shares during the period. Finally, Wealthfront Advisers LLC lifted its stake in shares of UiPath by 3.6% during the 3rd quarter. Wealthfront Advisers LLC now owns 32,886 shares of the company’s stock valued at $440,000 after buying an additional 1,149 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

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.