Insider Selling: UiPath (NYSE:PATH) CEO Sells $724,950.00 in Stock

UiPath, Inc. (NYSE:PATH) CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $16.11, for a total value of $724,950.00. Following the transaction, the chief executive officer directly owned 28,883,585 shares in the company, valued at $465,314,554.35. The trade was a 0.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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 value 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 stock was 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 shares were 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 stock was 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 transaction of $695,700.00.

UiPath Stock Down 1.0%

UiPath stock traded down $0.15 during trading hours on Wednesday, reaching $15.94. 20,283,602 shares of the company’s stock were exchanged, compared to its average volume of 15,573,349. The firm’s 50 day simple moving average is $15.54 and its 200 day simple moving average is $13.33. UiPath, Inc. has a twelve month low of $9.38 and a twelve month high of $19.84. The firm has a market capitalization of $8.52 billion, a PE ratio of 37.94, a PEG ratio of 4.82 and a beta of 1.10.

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, 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 company had revenue of $411.11 million for the quarter, compared to the consensus estimate of $392.46 million. During the same period in the previous year, the business earned $0.11 EPS. The firm’s revenue was up 15.9% compared to the same quarter last year. Analysts anticipate that UiPath, Inc. will post -0.17 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PATH shares. DA Davidson increased 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. Wall Street Zen lowered shares of UiPath from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Canaccord Genuity Group raised their price target on shares of UiPath from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. BMO Capital Markets upped their price objective on shares of UiPath from $13.00 to $17.00 and gave the company a “market perform” rating in a report on Thursday, December 4th. Finally, Wells Fargo & Company increased their price objective on shares of UiPath from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 4th. One analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, UiPath currently has an average rating of “Hold” and an average price target of $16.00.

Institutional Trading of UiPath

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Twin Peaks Wealth Advisors LLC bought a new position in shares of UiPath in the second quarter valued at $28,000. AdvisorNet Financial Inc raised its holdings in shares of UiPath by 320.4% in the 2nd quarter. AdvisorNet Financial Inc now owns 2,476 shares of the company’s stock worth $32,000 after acquiring an additional 1,887 shares during the last quarter. GAMMA Investing LLC lifted its position in UiPath by 48.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,989 shares of the company’s stock valued at $38,000 after acquiring an additional 969 shares in the last quarter. IFP Advisors Inc boosted its stake in UiPath by 508.0% during the 2nd quarter. IFP Advisors Inc now owns 3,283 shares of the company’s stock valued at $42,000 after purchasing an additional 2,743 shares during the last quarter. Finally, Brooklyn Investment Group increased its holdings in UiPath by 314.3% during the 1st quarter. Brooklyn Investment Group now owns 4,508 shares of the company’s stock worth $46,000 after purchasing an additional 3,420 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

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.