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

UiPath, Inc. (NYSE:PATH) CEO Daniel Dines sold 45,000 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $15.73, for a total value of $707,850.00. Following the sale, the chief executive officer owned 28,388,585 shares in the company, valued at $446,552,442.05. The trade was a 0.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 stock was sold at an average price of $16.44, for a total transaction 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 transaction 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 transaction 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 transaction of $742,050.00.
• On Friday, December 19th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were 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.
• On Monday, December 15th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was 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 shares were sold at an average price of $17.91, for a total value of $805,950.00.

UiPath Trading Up 0.9%

Shares of PATH stock traded up $0.14 during mid-day trading on Monday, reaching $16.02. The stock had a trading volume of 19,940,522 shares, compared to its average volume of 32,037,889. UiPath, Inc. has a 1-year low of $9.38 and a 1-year high of $19.84. The firm has a market cap of $8.57 billion, a price-to-earnings ratio of 38.15, a PEG ratio of 4.80 and a beta of 1.08. The business’s fifty day moving average is $15.58 and its 200-day moving average is $13.66.

UiPath (NYSE:PATH) last issued its earnings results on Wednesday, December 3rd. The company reported $0.16 EPS 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 analyst estimates of $392.46 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. UiPath’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, analysts forecast that UiPath, Inc. will post -0.17 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Inspire Investing LLC acquired a new position in UiPath during the second quarter worth $891,000. AlphaQuest LLC raised its holdings in shares of UiPath by 863.9% during the 2nd quarter. AlphaQuest LLC now owns 42,847 shares of the company’s stock worth $548,000 after acquiring an additional 38,402 shares during the period. Russell Investments Group Ltd. boosted its position in shares of UiPath by 7.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,445,644 shares of the company’s stock valued at $18,448,000 after acquiring an additional 98,058 shares during the last quarter. Pallas Capital Advisors LLC boosted its position in shares of UiPath by 24.8% during the 2nd quarter. Pallas Capital Advisors LLC now owns 105,834 shares of the company’s stock valued at $1,355,000 after acquiring an additional 21,058 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of UiPath by 96.2% in the second 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. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PATH shares. Truist Financial set a $17.00 target price on shares of UiPath in a research report on Thursday, December 4th. Barclays boosted their price objective on UiPath from $14.00 to $16.00 and gave the company an “equal weight” rating in a report on Thursday, December 4th. Cowen restated a “hold” rating on shares of UiPath in a research note on Thursday, December 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UiPath in a report on Monday, December 29th. Finally, Royal Bank Of Canada decreased their price target on UiPath from $19.00 to $17.00 and set a “sector perform” rating for the company in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, UiPath currently has a consensus rating of “Hold” and a consensus price target of $15.85.

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.