UiPath (NYSE:PATH) Trading Down 4% Following Insider Selling

UiPath, Inc. (NYSE:PATH)’s share price dropped 4% during mid-day trading on Thursday after an insider sold shares in the company. The stock traded as low as $14.75 and last traded at $14.76. Approximately 32,102,970 shares were traded during mid-day trading, an increase of 12% from the average daily volume of 28,618,209 shares. The stock had previously closed at $15.37.

Specifically, CEO Daniel Dines sold 45,000 shares of the stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $15.68, for a total transaction of $705,600.00. Following the transaction, the chief executive officer owned 28,073,585 shares in the company, valued at $440,193,812.80. This represents a 0.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $16.61, for a total transaction of $747,450.00. Following the completion of the sale, the chief executive officer owned 28,118,585 shares of the company’s stock, valued at approximately $467,049,696.85. The trade was a 0.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In related news, CEO Daniel Dines sold 45,000 shares of the stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $17.17, for a total transaction of $772,650.00. Following the sale, the chief executive officer owned 28,208,585 shares of the company’s stock, valued at $484,341,404.45. This represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PATH. UBS Group reiterated a “neutral” rating on shares of UiPath in a research report on Thursday, December 4th. Wells Fargo & Company increased their price objective on shares of UiPath from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 4th. BMO Capital Markets raised their target price on shares of UiPath from $13.00 to $17.00 and gave the company a “market perform” rating in a report on Thursday, December 4th. Cowen reaffirmed a “hold” rating on shares of UiPath in a report on Thursday, December 4th. Finally, Truist Financial set a $17.00 price objective on shares of UiPath in a research note on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, UiPath presently has a consensus rating of “Hold” and a consensus target price of $16.00.

UiPath Stock Performance

The company has a market cap of $7.89 billion, a price-to-earnings ratio of 35.14, a P/E/G ratio of 4.68 and a beta of 1.08. The company has a fifty day moving average of $15.72 and a two-hundred day moving average of $13.89.

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

Institutional Trading of UiPath

Several institutional investors have recently modified their holdings of the business. Royal Bank of Canada raised its position in UiPath by 8.4% during the 1st quarter. Royal Bank of Canada now owns 140,774 shares of the company’s stock worth $1,450,000 after purchasing an additional 10,872 shares during the last quarter. Woodline Partners LP raised its position in shares of UiPath by 69.6% during 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 during 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 during the period. Krilogy Financial LLC bought a new stake in UiPath in the second quarter valued at approximately $326,000. Finally, Pallas Capital Advisors LLC increased its position in UiPath by 24.8% during the 2nd quarter. Pallas Capital Advisors LLC now owns 105,834 shares of the company’s stock valued at $1,355,000 after purchasing an additional 21,058 shares during the period. Institutional investors own 62.50% of the company’s stock.

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.