UiPath, Inc. (NYSE:PATH – Get Free Report) CEO Daniel Dines sold 45,000 shares of the firm’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $15.46, for a total transaction of $695,700.00. Following the sale, the chief executive officer owned 29,648,585 shares in the company, valued at approximately $458,367,124.10. This represents a 0.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Daniel Dines also recently made the following trade(s):
- On Wednesday, October 22nd, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $15.53, for a total transaction of $698,850.00.
- On Monday, October 20th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $15.71, for a total transaction of $706,950.00.
- On Friday, October 17th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $15.62, for a total transaction of $702,900.00.
- On Wednesday, October 15th, Daniel Dines sold 122,734 shares of UiPath stock. The shares were sold at an average price of $16.92, for a total transaction of $2,076,659.28.
- On Monday, October 13th, Daniel Dines sold 122,734 shares of UiPath stock. The shares were sold at an average price of $17.06, for a total transaction of $2,093,842.04.
- On Friday, October 10th, Daniel Dines sold 122,734 shares of UiPath stock. The shares were sold at an average price of $18.37, for a total transaction of $2,254,623.58.
- On Wednesday, October 8th, Daniel Dines sold 122,734 shares of UiPath stock. The shares were sold at an average price of $14.89, for a total transaction of $1,827,509.26.
- On Monday, October 6th, Daniel Dines sold 122,733 shares of UiPath stock. The shares were sold at an average price of $14.24, for a total transaction of $1,747,717.92.
- 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 transaction of $1,636,030.89.
- On Monday, September 29th, Daniel Dines sold 122,733 shares of UiPath stock. The stock was sold at an average price of $12.33, for a total transaction of $1,513,297.89.
UiPath Trading Up 6.6%
NYSE:PATH opened at $16.45 on Monday. The company’s 50-day moving average price is $13.03 and its 200-day moving average price is $12.44. The company has a market cap of $8.74 billion, a P/E ratio of 548.43, a P/E/G ratio of 6.10 and a beta of 1.07. UiPath, Inc. has a twelve month low of $9.38 and a twelve month high of $18.74.
Hedge Funds Weigh In On UiPath
Large investors have recently bought and sold shares of the stock. Twin Peaks Wealth Advisors LLC acquired a new position in UiPath in the second quarter valued at $28,000. AdvisorNet Financial Inc raised 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 purchasing an additional 1,887 shares during the last quarter. GAMMA Investing LLC raised its position in UiPath by 48.0% in 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 raised its position in UiPath by 508.0% in the 2nd quarter. IFP Advisors Inc now owns 3,283 shares of the company’s stock valued at $42,000 after purchasing an additional 2,743 shares during the last quarter. Finally, Bayforest Capital Ltd raised its position in UiPath by 852.4% in the 2nd quarter. Bayforest Capital Ltd now owns 4,143 shares of the company’s stock valued at $53,000 after purchasing an additional 3,708 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.
Analysts Set New Price Targets
PATH has been the topic of a number of research analyst reports. UBS Group set a $17.00 price target on shares of UiPath and gave the company a “neutral” rating in a research note on Thursday. Needham & Company LLC restated a “hold” rating on shares of UiPath in a report on Friday, September 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of UiPath in a report on Wednesday, October 8th. Truist Financial lowered their price target on shares of UiPath from $13.00 to $12.00 and set a “hold” rating for the company in a report on Friday, September 5th. Finally, Canaccord Genuity Group lowered their price target on shares of UiPath from $16.00 to $15.00 and set a “buy” rating for the company in a report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, UiPath presently has a consensus rating of “Hold” and an average price target of $13.71.
Check Out Our Latest Analysis on UiPath
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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