Insider Selling: UiPath (NYSE:PATH) CEO Sells 45,000 Shares of Stock

UiPath, Inc. (NYSE:PATH) CEO Daniel Dines sold 45,000 shares of the firm’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $17.17, for a total value of $772,650.00. Following the sale, the chief executive officer owned 28,208,585 shares in the company, valued at $484,341,404.45. The trade was a 0.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, January 7th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $17.32, for a total value of $779,400.00.
• On Monday, January 5th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $15.73, for a total transaction of $707,850.00.
• On Friday, January 2nd, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.38, for a total value of $737,100.00.
• On Wednesday, December 31st, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.55, for a total value of $744,750.00.
• 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 transaction 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 value of $724,950.00.

UiPath Trading Down 3.3%

NYSE:PATH traded down $0.56 during trading hours on Friday, reaching $16.32. The company had a trading volume of 18,749,460 shares, compared to its average volume of 25,935,025. The firm’s 50 day moving average price is $15.63 and its 200-day moving average price is $13.78. UiPath, Inc. has a 52 week low of $9.38 and a 52 week high of $19.84. The firm has a market cap of $8.73 billion, a price-to-earnings ratio of 38.86, a PEG ratio of 5.23 and a beta of 1.08.

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. The company had revenue of $411.11 million during the quarter, compared to the consensus estimate of $392.46 million. UiPath had a return on equity of 3.73% and a net margin of 14.79%.The firm’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 EPS. On average, analysts forecast that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On UiPath

A number of hedge funds have recently made changes to their positions in PATH. GAMMA Investing LLC grew its stake in UiPath by 48.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,989 shares of the company’s stock worth $38,000 after purchasing an additional 969 shares in the last quarter. Green Alpha Advisors LLC raised its position in UiPath by 3.4% in the 4th quarter. Green Alpha Advisors LLC now owns 29,519 shares of the company’s stock valued at $484,000 after purchasing an additional 973 shares during the last quarter. Covestor Ltd boosted its stake in shares of UiPath by 17.7% during the third quarter. Covestor Ltd now owns 6,522 shares of the company’s stock worth $87,000 after buying an additional 981 shares during the period. Rockefeller Capital Management L.P. lifted its holdings 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 purchasing an additional 1,033 shares during the period. Finally, Wealthfront Advisers LLC grew its position in UiPath by 3.6% in the 3rd quarter. Wealthfront Advisers LLC now owns 32,886 shares of the company’s stock valued at $440,000 after buying an additional 1,149 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on PATH. Zacks Research raised shares of UiPath from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Needham & Company LLC reissued a “hold” rating on shares of UiPath in a report on Thursday, December 4th. Wells Fargo & Company boosted their price objective on shares of UiPath from $12.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday, December 4th. Morgan Stanley increased their price target on shares of UiPath from $15.00 to $19.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 9th. Finally, DA Davidson boosted their price objective on UiPath from $12.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, UiPath currently has an average rating of “Hold” and an average price target of $15.85.

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.