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 dated Monday, December 22nd. The shares were sold at an average price of $16.49, for a total value of $742,050.00. Following the sale, the chief executive officer owned 28,748,585 shares in the company, valued at approximately $474,064,166.65. 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 available at this hyperlink.

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

• On Friday, December 19th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was 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 shares were sold at an average price of $16.11, for a total transaction of $724,950.00.
• 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 transaction 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 transaction of $805,950.00.
• On Wednesday, December 10th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was 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 value 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 value of $678,150.00.
• On Monday, November 3rd, Daniel Dines sold 45,000 shares of UiPath stock. The shares were 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 shares were 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 shares were sold at an average price of $16.29, for a total value of $733,050.00.

UiPath Trading Down 4.4%

NYSE PATH traded down $0.74 during trading hours on Tuesday, reaching $15.97. 18,062,485 shares of the company traded hands, compared to its average volume of 15,626,646. The stock has a market capitalization of $8.54 billion, a PE ratio of 38.01, a PEG ratio of 4.87 and a beta of 1.10. UiPath, Inc. has a 12 month low of $9.38 and a 12 month high of $19.84. The company has a 50 day moving average of $15.47 and a two-hundred day moving average of $13.42.

UiPath (NYSE:PATH) last issued its earnings results 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. The business had revenue of $411.11 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the business posted $0.11 EPS. On average, equities research analysts anticipate that UiPath, Inc. will post -0.17 earnings per share for the current year.

Institutional Investors Weigh In On UiPath

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hudson Bay Capital Management LP acquired a new stake in UiPath in the second quarter worth approximately $102,559,000. Norges Bank acquired a new position in UiPath during the second quarter worth about $68,451,000. AQR Capital Management LLC raised its position in UiPath by 76.0% in the second quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock worth $145,732,000 after acquiring an additional 4,926,341 shares in the last quarter. TFG Asset Management GP Ltd raised its position in UiPath by 53.3% in the second quarter. TFG Asset Management GP Ltd now owns 13,722,244 shares of the company’s stock worth $175,645,000 after acquiring an additional 4,772,244 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in UiPath in the 2nd quarter valued at about $59,561,000. Institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PATH shares. Morgan Stanley upped their price target on UiPath from $15.00 to $19.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 9th. Truist Financial set a $17.00 target price on shares of UiPath in a report on Thursday, December 4th. Zacks Research lowered shares of UiPath from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. BMO Capital Markets raised their target price on shares of UiPath from $13.00 to $17.00 and gave the stock a “market perform” rating in a report on Thursday, December 4th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of UiPath in a report on Thursday, December 4th. One analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, UiPath presently has an average rating of “Hold” and an average target price 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.