UiPath (NYSE:PATH) Trading Down 3.9% on Insider Selling

UiPath, Inc. (NYSE:PATH) shares traded down 3.9% on Tuesday following insider selling activity. The company traded as low as $14.09 and last traded at $14.33. 18,892,153 shares changed hands during trading, a decline of 29% from the average session volume of 26,774,426 shares. The stock had previously closed at $14.91.

Specifically, CEO Daniel Dines sold 45,000 shares of the company’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $15.01, for a total transaction of $675,450.00. Following the completion of the transaction, the chief executive officer owned 27,893,585 shares of the company’s stock, valued at approximately $418,682,710.85. This represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $15.02, for a total value of $675,900.00. Following the sale, the chief executive officer directly owned 27,983,585 shares in the company, valued at approximately $420,313,446.70. This trade represents a 0.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Analysts Set New Price Targets

A number of analysts have commented on PATH shares. TD Cowen reiterated a “hold” rating on shares of UiPath in a research report on Thursday, December 4th. Wells Fargo & Company lifted their price objective on UiPath from $12.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday, December 4th. Morgan Stanley lifted their target price on shares of UiPath from $15.00 to $19.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 9th. Needham & Company LLC restated a “hold” rating on shares of UiPath in a research report on Thursday, December 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of UiPath in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $16.00.

UiPath Price Performance

The firm has a market cap of $7.54 billion, a price-to-earnings ratio of 33.56, a price-to-earnings-growth ratio of 4.21 and a beta of 1.08. The firm has a 50 day moving average price of $15.82 and a 200-day moving average price of $13.99.

UiPath (NYSE:PATH) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported $0.16 EPS for the quarter, topping 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 firm had revenue of $411.11 million during the quarter, compared to analyst estimates of $392.46 million. During the same period last year, the company earned $0.11 earnings per share. The company’s revenue was up 15.9% on a year-over-year basis. On average, sell-side analysts expect that UiPath, Inc. will post -0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On UiPath

Several large investors have recently bought and sold shares of PATH. Sumitomo Mitsui Trust Group Inc. grew its holdings in UiPath by 1.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 37,871 shares of the company’s stock worth $621,000 after acquiring an additional 720 shares during the period. GAMMA Investing LLC increased its stake in shares of UiPath by 48.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,989 shares of the company’s stock valued at $38,000 after acquiring an additional 969 shares during the last quarter. Green Alpha Advisors LLC raised its position in shares of UiPath by 3.4% in the 4th quarter. Green Alpha Advisors LLC now owns 29,519 shares of the company’s stock valued at $484,000 after acquiring an additional 973 shares during the period. Covestor Ltd boosted its stake in UiPath by 17.7% during the 3rd quarter. Covestor Ltd now owns 6,522 shares of the company’s stock worth $87,000 after acquiring an additional 981 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in UiPath by 0.8% during the second 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. 62.50% of the stock is currently owned by institutional investors and hedge funds.

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.