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 Thursday, January 22nd. The shares were sold at an average price of $15.02, for a total value of $675,900.00. Following the completion of the sale, the chief executive officer directly owned 27,983,585 shares of the company’s stock, valued at $420,313,446.70. This represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, January 26th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $15.01, for a total value of $675,450.00.
• On Wednesday, January 14th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were 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 stock was 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 shares were 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 stock was 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 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 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.

UiPath Stock Performance

Shares of PATH stock opened at $14.91 on Tuesday. The stock has a fifty day moving average price of $15.80 and a 200 day moving average price of $13.98. The stock has a market cap of $7.97 billion, a PE ratio of 35.50, a P/E/G 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.

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 business had revenue of $411.11 million during the quarter, compared to analysts’ expectations of $392.46 million. During the same quarter last year, the business posted $0.11 earnings per share. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, equities research analysts predict that UiPath, Inc. will post -0.17 earnings per share for the current year.

Institutional Investors Weigh In On UiPath

Hedge funds have recently made changes to their positions in the business. Noble Wealth Management PBC acquired a new position in UiPath in the fourth quarter valued at $25,000. Raleigh Capital Management Inc. purchased a new stake in UiPath in the 4th quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC purchased a new stake in UiPath in the 2nd quarter valued at about $28,000. AdvisorNet Financial Inc increased its stake in shares of UiPath by 320.4% during the 2nd quarter. AdvisorNet Financial Inc now owns 2,476 shares of the company’s stock valued at $32,000 after acquiring an additional 1,887 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of 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. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

PATH has been the topic of several research reports. Mizuho increased their price target on shares of UiPath from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. DA Davidson increased their target price on UiPath from $12.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Evercore ISI raised their price target on UiPath from $15.00 to $17.00 and gave the stock an “in-line” rating in a research report on Thursday, December 4th. TD Cowen restated a “hold” rating on shares of UiPath in a research report on Thursday, December 4th. Finally, UBS Group reaffirmed 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. According to MarketBeat.com, UiPath presently has an average rating of “Hold” and an average 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.