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 business’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $16.91, for a total value of $760,950.00. Following the completion of the transaction, the chief executive officer directly owned 28,658,585 shares of the company’s stock, valued at approximately $484,616,672.35. This trade represents a 0.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 Monday, December 22nd, Daniel Dines sold 45,000 shares of UiPath stock. The stock was 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 stock was 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 shares were sold at an average price of $16.11, for a total transaction of $724,950.00.
• On Monday, December 15th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $17.30, for a total value of $778,500.00.
• On Friday, December 12th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $17.91, for a total value of $805,950.00.
• On Wednesday, December 10th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $18.61, for a total value of $837,450.00.
• On Monday, December 8th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $19.21, for a total value of $864,450.00.
• On Wednesday, November 5th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $15.07, for a total value of $678,150.00.

UiPath Trading Down 0.1%

UiPath stock traded down $0.01 during midday trading on Monday, reaching $16.83. The company’s stock had a trading volume of 33,671,716 shares, compared to its average volume of 15,787,343. The stock has a market cap of $9.00 billion, a PE ratio of 40.06, a price-to-earnings-growth ratio of 5.09 and a beta of 1.10. UiPath, Inc. has a 52 week low of $9.38 and a 52 week high of $19.84. The business has a 50-day moving average price of $15.53 and a 200-day moving average price of $13.52.

UiPath (NYSE:PATH) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $411.11 million for the quarter, compared to the consensus estimate of $392.46 million. UiPath had a net margin of 14.79% and a return on equity of 3.73%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company posted $0.11 EPS. As a group, research analysts predict that UiPath, Inc. will post -0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On UiPath

Several institutional investors have recently added to or reduced their stakes in PATH. GAMMA Investing LLC grew its position in shares of 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 buying an additional 969 shares during the period. Covestor Ltd boosted its stake in UiPath by 17.7% during the third quarter. Covestor Ltd now owns 6,522 shares of the company’s stock worth $87,000 after acquiring an additional 981 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in UiPath by 0.8% in 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. Wealthfront Advisers LLC grew its holdings in UiPath by 3.6% in the third quarter. Wealthfront Advisers LLC now owns 32,886 shares of the company’s stock worth $440,000 after purchasing an additional 1,149 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its stake in UiPath by 0.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 313,946 shares of the company’s stock valued at $4,019,000 after purchasing an additional 1,190 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PATH has been the topic of several recent research reports. UBS Group reissued a “neutral” rating on shares of UiPath in a report on Thursday, December 4th. Wall Street Zen lowered UiPath from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Canaccord Genuity Group boosted their price target on UiPath from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Evercore ISI raised their price objective on shares of UiPath from $15.00 to $17.00 and gave the company an “in-line” rating in a report on Thursday, December 4th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a report on Thursday, December 4th. One analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $16.00.

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.