UiPath (NYSE:PATH) CEO Sells $760,950.00 in Stock

UiPath, Inc. (NYSE:PATH) CEO Daniel Dines sold 45,000 shares of the business’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $16.91, for a total value of $760,950.00. Following the completion of the sale, the chief executive officer directly owned 28,658,585 shares of the company’s stock, valued at $484,616,672.35. The trade was a 0.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 value 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 value of $760,500.00.
• On Monday, December 22nd, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.49, for a total value 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 transaction 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 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 shares were 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 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.

UiPath Stock Down 0.1%

PATH stock traded down $0.01 during mid-day trading on Monday, reaching $16.83. 33,671,716 shares of the company traded hands, compared to its average volume of 15,787,343. The firm’s 50 day moving average price is $15.53 and its 200 day moving average price is $13.52. The stock has a market cap of $9.00 billion, a price-to-earnings ratio of 40.06, a P/E/G ratio of 5.09 and a beta of 1.10. UiPath, Inc. has a fifty-two week low of $9.38 and a fifty-two week high of $19.84.

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

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a research note on Thursday, December 4th. UBS Group reiterated a “neutral” rating on shares of UiPath in a report on Thursday, December 4th. Weiss Ratings restated a “hold (c)” rating on shares of UiPath in a report on Monday, December 22nd. Barclays upped their price objective on UiPath from $14.00 to $16.00 and gave the company an “equal weight” rating in a research note on Thursday, December 4th. Finally, Evercore ISI boosted 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. One equities research analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $16.00.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Inspire Investing LLC purchased a new stake in UiPath during the 2nd quarter valued at about $891,000. AlphaQuest LLC increased its stake in shares of UiPath by 863.9% in the second quarter. AlphaQuest LLC now owns 42,847 shares of the company’s stock worth $548,000 after buying an additional 38,402 shares during the period. Russell Investments Group Ltd. raised its holdings in 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 buying an additional 98,058 shares during the last quarter. Pallas Capital Advisors LLC boosted its position in 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 buying an additional 21,058 shares during the period. Finally, CWM LLC grew its holdings in UiPath by 96.2% in the 2nd quarter. CWM LLC now owns 312,073 shares of the company’s stock worth $3,995,000 after acquiring an additional 152,988 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

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.