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

UiPath, Inc. (NYSE:PATH) CEO Daniel Dines sold 45,000 shares of the stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $16.55, for a total transaction of $744,750.00. Following the completion of the transaction, the chief executive officer owned 28,478,585 shares in the company, valued at $471,320,581.75. This represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 transaction 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 transaction of $760,500.00.
• On Wednesday, December 24th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.91, for a total value of $760,950.00.
• On Monday, December 22nd, Daniel Dines sold 45,000 shares of UiPath stock. The shares were 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 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 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 shares were sold at an average price of $19.21, for a total transaction of $864,450.00.

UiPath Stock Down 1.7%

UiPath stock traded down $0.29 during mid-day trading on Wednesday, hitting $16.38. 69,670,324 shares of the company’s stock were exchanged, compared to its average volume of 16,026,622. The company’s 50 day simple moving average is $15.55 and its 200-day simple moving average is $13.58. The firm has a market capitalization of $8.76 billion, a P/E ratio of 39.00, a PEG 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 announced its quarterly earnings results 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 return on equity of 3.73% and a net margin of 14.79%.The company had revenue of $411.11 million during the quarter, compared to the consensus estimate of $392.46 million. During the same period in the prior year, the company earned $0.11 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. Research analysts expect that UiPath, Inc. will post -0.17 EPS for the current year.

Analyst Upgrades and Downgrades

PATH has been the subject of a number of research analyst reports. Royal Bank Of Canada upped their target price on shares of UiPath from $16.00 to $19.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 10th. DA Davidson upped their price target on shares of UiPath from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Evercore ISI lifted their target price on UiPath from $15.00 to $17.00 and gave the stock an “in-line” rating in a research note on Thursday, December 4th. Mizuho upped their price target on shares of UiPath from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Finally, Truist Financial set a $17.00 price objective on UiPath in a research note on Thursday, December 4th. One analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $16.00.

Institutional Investors Weigh In On UiPath

Hedge funds have recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC bought a new stake in shares of UiPath during the second quarter worth about $28,000. AdvisorNet Financial Inc lifted its position in UiPath by 320.4% in the 2nd quarter. AdvisorNet Financial Inc now owns 2,476 shares of the company’s stock valued at $32,000 after acquiring an additional 1,887 shares in the last quarter. GAMMA Investing LLC boosted its stake in UiPath by 48.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,989 shares of the company’s stock valued at $38,000 after purchasing an additional 969 shares during the last quarter. IFP Advisors Inc increased its holdings in UiPath by 508.0% during the 2nd quarter. IFP Advisors Inc now owns 3,283 shares of the company’s stock worth $42,000 after purchasing an additional 2,743 shares in the last quarter. Finally, Bayforest Capital Ltd increased its holdings in UiPath by 852.4% during the 2nd quarter. Bayforest Capital Ltd now owns 4,143 shares of the company’s stock worth $53,000 after purchasing an additional 3,708 shares in the last quarter. Institutional investors and hedge funds 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.