UiPath (NYSE:PATH) Stock Price Down 4% on Insider Selling

UiPath, Inc. (NYSE:PATH) fell 4% during trading on Thursday following insider selling activity. The company traded as low as $14.75 and last traded at $14.76. 32,102,970 shares were traded during trading, an increase of 12% from the average session volume of 28,618,209 shares. The stock had previously closed at $15.37.

Specifically, CEO Daniel Dines sold 45,000 shares of the stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $15.68, for a total transaction of $705,600.00. Following the completion of the sale, the chief executive officer directly owned 28,073,585 shares in the company, valued at $440,193,812.80. This represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Daniel Dines sold 45,000 shares of the business’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $16.61, for a total transaction of $747,450.00. Following the completion of the transaction, the chief executive officer owned 28,118,585 shares in the company, valued at approximately $467,049,696.85. The trade was a 0.16% decrease in their position. The disclosure for this sale is available in the SEC filing. In other news, CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $17.17, for a total value of $772,650.00. Following the completion of the transaction, the chief executive officer directly owned 28,208,585 shares of the company’s stock, valued at approximately $484,341,404.45. This trade represents a 0.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PATH. Wall Street Zen cut UiPath from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Barclays increased their price target on UiPath from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Monday. Evercore ISI lifted their price objective on shares of UiPath from $15.00 to $17.00 and gave the company an “in-line” rating in a research note on Thursday, December 4th. Zacks Research upgraded shares of UiPath from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Finally, Truist Financial set a $17.00 price target on shares of UiPath in a report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $16.00.

UiPath Trading Down 4.0%

The stock has a market capitalization of $7.89 billion, a P/E ratio of 35.14, a price-to-earnings-growth ratio of 4.68 and a beta of 1.08. The business has a fifty day simple moving average of $15.72 and a 200 day simple moving average of $13.89.

UiPath (NYSE:PATH) last announced its earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $392.46 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. UiPath’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, research analysts forecast that UiPath, Inc. will post -0.17 earnings per share for the current year.

Hedge Funds Weigh In On UiPath

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of UiPath by 48.0% in the second 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. Green Alpha Advisors LLC increased its stake 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 buying an additional 973 shares during the last quarter. Covestor Ltd increased its stake in UiPath by 17.7% in the 3rd quarter. Covestor Ltd now owns 6,522 shares of the company’s stock valued at $87,000 after buying an additional 981 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of UiPath by 0.8% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 123,329 shares of the company’s stock worth $1,579,000 after buying an additional 1,033 shares in the last quarter. Finally, Wealthfront Advisers LLC boosted its stake in shares of UiPath by 3.6% in the 3rd quarter. Wealthfront Advisers LLC now owns 32,886 shares of the company’s stock worth $440,000 after buying an additional 1,149 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

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.