UiPath (NYSE:PATH) CEO Sells $675,900.00 in Stock

UiPath, Inc. (NYSE:PATH) CEO Daniel Dines sold 45,000 shares of the business’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $15.02, for a total transaction of $675,900.00. Following the completion of the sale, the chief executive officer owned 27,983,585 shares of the company’s stock, valued at approximately $420,313,446.70. This represents a 0.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Monday, January 26th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $15.01, for a total transaction of $675,450.00.
• On Wednesday, January 14th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $15.68, for a total transaction of $705,600.00.
• On Monday, January 12th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.61, for a total transaction of $747,450.00.
• On Friday, January 9th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $17.17, for a total value of $772,650.00.
• On Wednesday, January 7th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were 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 stock was sold at an average price of $15.73, for a total value 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.

UiPath Stock Performance

NYSE:PATH opened at $14.10 on Thursday. The company’s 50-day simple moving average is $15.82 and its 200-day simple moving average is $13.99. UiPath, Inc. has a fifty-two week low of $9.38 and a fifty-two week high of $19.84. The stock has a market capitalization of $7.54 billion, a P/E ratio of 33.56, a P/E/G ratio of 4.21 and a beta of 1.08.

UiPath (NYSE:PATH) last posted its earnings results on Wednesday, December 3rd. The company reported $0.16 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 analysts’ expectations of $392.46 million. UiPath had a net margin of 14.79% and a return on equity of 3.73%. UiPath’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.11 earnings per share. On average, research analysts forecast that UiPath, Inc. will post -0.17 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Wall Street Zen lowered UiPath from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Evercore ISI boosted their price target 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 increased their price objective on shares of UiPath from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Royal Bank Of Canada lowered their target price on shares of UiPath from $19.00 to $17.00 and set a “sector perform” rating for the company in a research note on Monday, January 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of UiPath in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, UiPath presently has a consensus rating of “Hold” and an average target price of $16.00.

Institutional Investors Weigh In On UiPath

Large investors have recently bought and sold shares of the company. Noble Wealth Management PBC purchased a new position in UiPath during the 4th quarter worth approximately $25,000. Raleigh Capital Management Inc. purchased a new position in shares of UiPath during the fourth quarter worth $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in UiPath during the second quarter valued at $28,000. TD Waterhouse Canada Inc. boosted its holdings in UiPath by 1,270.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock valued at $29,000 after purchasing an additional 1,652 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its holdings in UiPath by 320.4% in the second quarter. AdvisorNet Financial Inc now owns 2,476 shares of the company’s stock valued at $32,000 after purchasing an additional 1,887 shares during the last quarter. Hedge funds and other 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.