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

UiPath, Inc. (NYSE:PATH) CEO Daniel Dines sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $15.01, for a total value of $675,450.00. Following the completion of the sale, the chief executive officer owned 27,893,585 shares of the company’s stock, valued at $418,682,710.85. This represents a 0.16% decrease in their position. The sale 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 Thursday, January 22nd, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $15.02, for a total value of $675,900.00.
• On Wednesday, January 14th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $15.68, for a total value of $705,600.00.
• On Monday, January 12th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.61, for a total transaction of $747,450.00.
• On Friday, January 9th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $17.17, for a total transaction of $772,650.00.
• 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 shares were sold at an average price of $16.90, for a total value of $760,500.00.

UiPath Trading Up 0.7%

Shares of PATH opened at $14.91 on Tuesday. The stock has a market cap of $7.97 billion, a PE ratio of 35.50, a PEG ratio of 4.34 and a beta of 1.08. UiPath, Inc. has a 1 year low of $9.38 and a 1 year high of $19.84. The stock has a 50 day simple moving average of $15.80 and a 200-day simple moving average of $13.98.

UiPath (NYSE:PATH) last announced its quarterly earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share 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 firm had revenue of $411.11 million for the quarter, compared to analysts’ expectations of $392.46 million. During the same period in the prior year, the business posted $0.11 earnings per share. The business’s revenue was up 15.9% compared to the same quarter last year. On average, sell-side analysts forecast that UiPath, Inc. will post -0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. D.A. Davidson & CO. increased its stake in shares of UiPath by 23.8% in the 3rd quarter. D.A. Davidson & CO. now owns 752,448 shares of the company’s stock valued at $10,068,000 after buying an additional 144,832 shares during the period. Inspire Investing LLC acquired a new stake in UiPath in the second quarter worth about $891,000. AlphaQuest LLC increased its position in UiPath by 863.9% in the second quarter. AlphaQuest LLC now owns 42,847 shares of the company’s stock worth $548,000 after purchasing an additional 38,402 shares during the period. Russell Investments Group Ltd. raised its holdings in UiPath by 7.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,445,644 shares of the company’s stock worth $18,448,000 after purchasing an additional 98,058 shares during the last quarter. Finally, CWM LLC lifted its position in UiPath by 96.2% during the 2nd quarter. CWM LLC now owns 312,073 shares of the company’s stock valued at $3,995,000 after purchasing an additional 152,988 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on PATH shares. Weiss Ratings restated a “hold (c)” rating on shares of UiPath in a research report on Monday, December 29th. Wells Fargo & Company boosted their target price on UiPath from $12.00 to $14.00 and gave the stock an “equal weight” rating in a report on Thursday, December 4th. Needham & Company LLC restated a “hold” rating on shares of UiPath in a research report on Thursday, December 4th. DA Davidson lifted their price objective on UiPath from $12.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Finally, Morgan Stanley boosted their price objective on UiPath from $15.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 9th. One investment 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $16.00.

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.