UiPath, Inc. (NYSE:PATH – Get Free Report) CEO Daniel Dines sold 122,733 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $14.24, for a total value of $1,747,717.92. Following the transaction, the chief executive officer directly owned 981,871 shares of the company’s stock, valued at $13,981,843.04. This represents a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Daniel Dines also recently made the following trade(s):
- On Wednesday, October 1st, Daniel Dines sold 122,733 shares of UiPath stock. The shares were sold at an average price of $13.33, for a total value of $1,636,030.89.
- On Monday, September 29th, Daniel Dines sold 122,733 shares of UiPath stock. The shares were sold at an average price of $12.33, for a total value of $1,513,297.89.
- On Friday, September 26th, Daniel Dines sold 122,733 shares of UiPath stock. The stock was sold at an average price of $12.08, for a total value of $1,482,614.64.
- On Wednesday, September 24th, Daniel Dines sold 122,733 shares of UiPath stock. The shares were sold at an average price of $12.44, for a total transaction of $1,526,798.52.
- On Monday, September 22nd, Daniel Dines sold 122,733 shares of UiPath stock. The stock was sold at an average price of $12.20, for a total transaction of $1,497,342.60.
- On Friday, September 19th, Daniel Dines sold 122,733 shares of UiPath stock. The stock was sold at an average price of $11.92, for a total transaction of $1,462,977.36.
- On Wednesday, September 17th, Daniel Dines sold 122,733 shares of UiPath stock. The shares were sold at an average price of $11.71, for a total transaction of $1,437,203.43.
- On Wednesday, September 10th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $12.01, for a total transaction of $540,450.00.
- On Thursday, July 31st, Daniel Dines sold 9,988 shares of UiPath stock. The stock was sold at an average price of $12.00, for a total transaction of $119,856.00.
- On Wednesday, July 30th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $12.06, for a total value of $542,700.00.
UiPath Stock Performance
NYSE:PATH opened at $14.51 on Tuesday. UiPath, Inc. has a 52-week low of $9.38 and a 52-week high of $15.93. The company has a market cap of $7.71 billion, a P/E ratio of 483.67, a P/E/G ratio of 4.77 and a beta of 1.07. The stock’s 50-day simple moving average is $11.61 and its 200 day simple moving average is $11.89.
Institutional Trading of UiPath
Several hedge funds have recently added to or reduced their stakes in PATH. Twin Peaks Wealth Advisors LLC acquired a new position in UiPath in the 2nd quarter valued at $28,000. AdvisorNet Financial Inc boosted its position in shares of 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 acquiring an additional 1,887 shares during the period. CX Institutional bought a new stake in shares of UiPath in the first quarter valued at about $36,000. GAMMA Investing LLC grew its stake 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 acquiring an additional 969 shares in the last quarter. Finally, IFP Advisors Inc increased its position in UiPath by 508.0% during the second quarter. IFP Advisors Inc now owns 3,283 shares of the company’s stock worth $42,000 after acquiring an additional 2,743 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts have issued reports on PATH shares. BMO Capital Markets upped their price target on shares of UiPath from $12.50 to $13.00 and gave the stock a “market perform” rating in a research report on Thursday. DA Davidson began coverage on shares of UiPath in a report on Friday, September 5th. They issued a “neutral” rating and a $12.00 target price on the stock. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a research note on Friday, September 5th. Weiss Ratings reissued a “sell (d)” rating on shares of UiPath in a research report on Saturday, September 27th. Finally, Cowen restated a “hold” rating on shares of UiPath in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $13.21.
Check Out Our Latest Analysis on PATH
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.
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