UiPath (NYSE:PATH) CEO Sells $22,535,716.29 in Stock

UiPath, Inc. (NYSE:PATH) CEO Daniel Dines sold 1,402,347 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $16.07, for a total value of $22,535,716.29. Following the completion of the transaction, the chief executive officer directly owned 26,491,238 shares in the company, valued at $425,714,194.66. This trade represents a 5.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

UiPath Trading Up 2.6%

PATH stock opened at $16.34 on Friday. The stock has a 50-day moving average price of $12.49 and a two-hundred day moving average price of $11.57. UiPath, Inc. has a 12-month low of $9.20 and a 12-month high of $19.84. The company has a market cap of $8.47 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 1.91 and a beta of 0.96.

UiPath (NYSE:PATH) last announced its quarterly earnings results on Thursday, May 28th. The company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $418.38 million during the quarter, compared to analyst estimates of $397.54 million. UiPath had a return on equity of 7.92% and a net margin of 19.58%.The firm’s revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 earnings per share. Equities analysts forecast that UiPath, Inc. will post 0.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its stake in shares of UiPath by 8.4% during the first quarter. Royal Bank of Canada now owns 140,774 shares of the company’s stock valued at $1,450,000 after acquiring an additional 10,872 shares in the last quarter. Woodline Partners LP lifted its stake in shares of UiPath by 69.6% in the first quarter. Woodline Partners LP now owns 22,566 shares of the company’s stock worth $232,000 after acquiring an additional 9,257 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of UiPath by 5.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,477,730 shares of the company’s stock worth $15,221,000 after acquiring an additional 75,737 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in UiPath in the second quarter valued at about $169,000. Finally, Prudential Financial Inc. boosted its holdings in UiPath by 90.1% in the second quarter. Prudential Financial Inc. now owns 34,029 shares of the company’s stock valued at $436,000 after purchasing an additional 16,125 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on PATH. Royal Bank Of Canada boosted their price objective on shares of UiPath from $12.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Friday, August 14th. Bank of America raised their target price on shares of UiPath from $12.00 to $13.00 and gave the company an “underperform” rating in a research note on Friday, May 29th. Wall Street Zen lowered shares of UiPath from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of UiPath in a report on Friday, July 10th. Finally, Morgan Stanley cut their price objective on UiPath from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $13.87.

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.