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

UiPath, Inc. (NYSE:PATH) CEO Daniel Dines sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $17.30, for a total value of $778,500.00. Following the completion of the sale, the chief executive officer directly owned 28,973,585 shares in the company, valued at approximately $501,243,020.50. This trade represents a 0.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• 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 stock was 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 transaction 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 transaction 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 value of $707,400.00.
• On Wednesday, October 29th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.29, for a total value of $733,050.00.
• On Monday, October 27th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.73, for a total value 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 transaction of $695,700.00.
• On Wednesday, October 22nd, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $15.53, for a total transaction of $698,850.00.

UiPath Trading Down 7.4%

NYSE:PATH traded down $1.30 during midday trading on Monday, hitting $16.13. 23,709,137 shares of the stock were exchanged, compared to its average volume of 15,560,561. The business has a 50-day moving average price of $15.48 and a two-hundred day moving average price of $13.29. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of 38.39, a P/E/G ratio of 5.19 and a beta of 1.10. UiPath, Inc. has a one year low of $9.38 and a one year high of $19.84.

UiPath (NYSE:PATH) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. UiPath had a net margin of 14.79% and a return on equity of 3.73%. The company had revenue of $411.11 million for the quarter, compared to analysts’ expectations of $392.46 million. During the same quarter in the previous year, the company posted $0.11 EPS. The business’s revenue was up 15.9% compared to the same quarter last year. Sell-side analysts forecast that UiPath, Inc. will post -0.17 EPS for the current fiscal year.

Institutional Trading of UiPath

Several hedge funds and other institutional investors have recently bought and sold shares of PATH. GAMMA Investing LLC grew its stake in UiPath by 48.0% during the second quarter. GAMMA Investing LLC now owns 2,989 shares of the company’s stock worth $38,000 after buying an additional 969 shares in the last quarter. Covestor Ltd grew its holdings in UiPath by 17.7% during the 3rd quarter. Covestor Ltd now owns 6,522 shares of the company’s stock worth $87,000 after acquiring an additional 981 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of UiPath by 0.8% during the second quarter. Rockefeller Capital Management L.P. now owns 123,329 shares of the company’s stock worth $1,579,000 after acquiring an additional 1,033 shares during the last quarter. Wealthfront Advisers LLC lifted its position in shares of UiPath by 3.6% in 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 during the period. Finally, State Board of Administration of Florida Retirement System boosted its position in UiPath by 0.4% during the second 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 acquiring an additional 1,190 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analysts Set New Price Targets

PATH has been the subject of a number of research analyst reports. DA Davidson upped their price objective on shares of UiPath from $12.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of UiPath in a research note on Thursday, December 4th. Evercore ISI raised their target price on UiPath from $15.00 to $17.00 and gave the company an “in-line” rating in a research note on Thursday, December 4th. Weiss Ratings raised UiPath from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, December 9th. Finally, UBS Group reaffirmed a “neutral” rating on shares of UiPath in a research note on Thursday, December 4th. One equities research 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’s stock. According to MarketBeat.com, the stock currently has an average 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.