UiPath (NYSE:PATH) CEO Sells $724,950.00 in Stock

UiPath, Inc. (NYSE:PATH) CEO Daniel Dines sold 45,000 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $16.11, for a total transaction of $724,950.00. Following the completion of the transaction, the chief executive officer owned 28,883,585 shares in the company, valued at $465,314,554.35. This trade represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• 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 transaction 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 transaction of $805,950.00.
• On Wednesday, December 10th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $18.61, for a total transaction of $837,450.00.
• On Monday, December 8th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $19.21, for a total transaction 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.
• On Monday, November 3rd, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.23, for a total value of $730,350.00.
• On Friday, October 31st, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $15.72, for a total value of $707,400.00.
• On Wednesday, October 29th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.29, for a total value of $733,050.00.
• On Monday, October 27th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.73, for a total value of $752,850.00.
• On Friday, October 24th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $15.46, for a total value of $695,700.00.

UiPath Price Performance

PATH stock traded down $0.15 during midday trading on Wednesday, reaching $15.94. The company had a trading volume of 20,283,602 shares, compared to its average volume of 15,573,349. UiPath, Inc. has a 1-year low of $9.38 and a 1-year high of $19.84. The stock has a 50 day moving average price of $15.54 and a 200-day moving average price of $13.33. The company has a market capitalization of $8.52 billion, a price-to-earnings ratio of 37.94, a price-to-earnings-growth ratio of 4.82 and a beta of 1.10.

UiPath (NYSE:PATH) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The firm 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 business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share. As a group, research analysts anticipate that UiPath, Inc. will post -0.17 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. BMO Capital Markets raised their target price on UiPath from $13.00 to $17.00 and gave the company a “market perform” rating in a report on Thursday, December 4th. Wall Street Zen downgraded UiPath from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of UiPath in a research report on Monday. Truist Financial set a $17.00 target price on UiPath in a research note on Thursday, December 4th. Finally, Barclays raised their price target on shares of UiPath from $14.00 to $16.00 and gave the company an “equal weight” rating in a research note on Thursday, December 4th. One research analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $16.00.

Hedge Funds Weigh In On UiPath

Several large investors have recently bought and sold shares of PATH. PNC Financial Services Group Inc. grew its holdings in shares of UiPath by 30.5% during the first quarter. PNC Financial Services Group Inc. now owns 16,590 shares of the company’s stock worth $171,000 after purchasing an additional 3,873 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in UiPath by 6.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,995,632 shares of the company’s stock worth $30,855,000 after buying an additional 177,071 shares during the period. National Bank of Canada FI bought a new stake in UiPath during the 1st quarter worth approximately $72,000. Invesco Ltd. increased its position in UiPath by 18.8% in the 1st quarter. Invesco Ltd. now owns 454,849 shares of the company’s stock valued at $4,685,000 after acquiring an additional 72,049 shares during the period. Finally, Nuveen LLC bought a new position in shares of UiPath during the first quarter valued at $10,503,000. 62.50% of the stock is currently owned by institutional investors.

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.