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

UiPath, Inc. (NYSE:PATH) CEO Daniel Dines sold 45,000 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $16.11, for a total transaction of $724,950.00. Following the transaction, the chief executive officer owned 28,883,585 shares in the company, valued at $465,314,554.35. This trade represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, December 15th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were 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.
• On Wednesday, December 10th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $18.61, for a total transaction of $837,450.00.
• On Monday, December 8th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $19.21, for a total transaction of $864,450.00.
• On Wednesday, November 5th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $15.07, for a total value of $678,150.00.
• On Monday, November 3rd, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.23, for a total value of $730,350.00.
• On Friday, October 31st, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $15.72, for a total transaction of $707,400.00.
• On Wednesday, October 29th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.29, for a total transaction of $733,050.00.
• On Monday, October 27th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.73, for a total transaction of $752,850.00.
• On Friday, October 24th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $15.46, for a total value of $695,700.00.

UiPath Stock Up 1.8%

Shares of NYSE PATH opened at $16.25 on Thursday. The business has a fifty day simple moving average of $15.55 and a 200-day simple moving average of $13.35. The company has a market cap of $8.69 billion, a price-to-earnings ratio of 38.73, a P/E/G ratio of 4.79 and a beta of 1.10. UiPath, Inc. has a 12 month low of $9.38 and a 12 month high of $19.84.

UiPath (NYSE:PATH) last posted 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 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 analyst estimates of $392.46 million. During the same quarter last year, the business posted $0.11 EPS. The company’s revenue was up 15.9% on a year-over-year basis. As a group, sell-side analysts expect that UiPath, Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Mizuho boosted their price objective 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. Needham & Company LLC restated a “hold” rating on shares of UiPath in a report on Thursday, December 4th. Wall Street Zen lowered UiPath from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 6th. Canaccord Genuity Group lifted their price objective on UiPath from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Finally, Evercore ISI upped their target price on UiPath from $15.00 to $17.00 and gave the stock an “in-line” rating in a research report on Thursday, December 4th. One investment analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $16.00.

Hedge Funds Weigh In On UiPath

Several institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in UiPath by 48.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,989 shares of the company’s stock worth $38,000 after purchasing an additional 969 shares during the period. Covestor Ltd boosted its stake in shares of UiPath by 17.7% during the 3rd quarter. Covestor Ltd now owns 6,522 shares of the company’s stock worth $87,000 after buying an additional 981 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in UiPath by 0.8% in 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 in the last quarter. Wealthfront Advisers LLC raised 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 worth $440,000 after purchasing an additional 1,149 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of UiPath by 0.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 313,946 shares of the company’s stock valued at $4,019,000 after buying an additional 1,190 shares during 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.