Insider Selling: UiPath (NYSE:PATH) CEO Sells 45,000 Shares of Stock

UiPath, Inc. (NYSE:PATH) CEO Daniel Dines sold 45,000 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $420,313,446.70. The trade was a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, January 26th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $15.01, for a total transaction of $675,450.00.
• 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 transaction of $705,600.00.
• On Monday, January 12th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were 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 value 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 value 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 value of $707,850.00.
• On Friday, January 2nd, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.38, for a total value 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 transaction 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 transaction of $760,500.00.

UiPath Stock Up 0.7%

PATH traded up $0.11 during trading hours on Monday, hitting $14.91. 25,860,775 shares of the company’s stock were exchanged, compared to its average volume of 27,265,063. The stock has a market cap of $7.97 billion, a price-to-earnings 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’s 50-day moving average is $15.77 and its two-hundred day moving average is $13.97.

UiPath (NYSE:PATH) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $411.11 million for the quarter, compared to analysts’ expectations of $392.46 million. UiPath had a net margin of 14.79% and a return on equity of 3.73%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 EPS. On average, equities research analysts anticipate that UiPath, Inc. will post -0.17 EPS for the current year.

Hedge Funds Weigh In On UiPath

Hedge funds have recently bought and sold shares of the company. Noble Wealth Management PBC bought a new stake in shares of UiPath during the 4th quarter worth approximately $25,000. Raleigh Capital Management Inc. acquired a new position in UiPath during the fourth quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in UiPath during the second quarter valued at approximately $28,000. AdvisorNet Financial Inc lifted its stake in UiPath by 320.4% during the second quarter. AdvisorNet Financial Inc now owns 2,476 shares of the company’s stock worth $32,000 after purchasing an additional 1,887 shares during the last quarter. Finally, CoreCap Advisors LLC boosted its holdings in shares of UiPath by 92.3% in the 4th quarter. CoreCap Advisors LLC now owns 2,579 shares of the company’s stock valued at $42,000 after purchasing an additional 1,238 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PATH. Zacks Research raised shares of UiPath from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. UBS Group restated a “neutral” rating on shares of UiPath in a research note on Thursday, December 4th. DA Davidson lifted their price target on UiPath from $12.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Wells Fargo & Company lifted their target price on UiPath from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 4th. Finally, Mizuho increased their price target on UiPath from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. One equities 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $16.00.

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. 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.