Daniel Dines Sells 45,000 Shares of UiPath (NYSE:PATH) Stock

UiPath, Inc. (NYSE:PATH) CEO Daniel Dines sold 45,000 shares of the firm’s stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $16.90, for a total transaction of $760,500.00. Following the completion of the transaction, the chief executive officer directly owned 28,613,585 shares of the company’s stock, valued at $483,569,586.50. This represents a 0.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Monday, December 29th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.44, for a total value of $739,800.00.
• On Wednesday, December 24th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.91, for a total value of $760,950.00.
• On Monday, December 22nd, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.49, for a total value 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 value 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 value of $724,950.00.
• On Monday, December 15th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were 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 stock was 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 shares were 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 transaction of $678,150.00.

UiPath Stock Down 0.1%

Shares of UiPath stock traded down $0.01 on Monday, hitting $16.83. 33,671,716 shares of the company traded hands, compared to its average volume of 15,787,343. UiPath, Inc. has a 12-month low of $9.38 and a 12-month high of $19.84. The company has a market cap of $9.00 billion, a PE ratio of 40.06, a PEG ratio of 5.09 and a beta of 1.10. The company has a 50-day moving average price of $15.53 and a 200 day moving average price of $13.52.

UiPath (NYSE:PATH) last released its quarterly earnings data on Wednesday, December 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $392.46 million. During the same quarter last year, the firm earned $0.11 earnings per share. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. Equities research analysts anticipate that UiPath, Inc. will post -0.17 EPS for the current year.

Institutional Investors Weigh In On UiPath

Several hedge funds have recently modified their holdings of PATH. Vanguard Group Inc. increased its position in UiPath by 4.9% during the third quarter. Vanguard Group Inc. now owns 47,895,884 shares of the company’s stock worth $640,847,000 after acquiring an additional 2,251,434 shares during the period. TFG Asset Management GP Ltd raised its position in shares of UiPath by 53.3% during the second quarter. TFG Asset Management GP Ltd now owns 13,722,244 shares of the company’s stock valued at $175,645,000 after buying an additional 4,772,244 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of UiPath by 76.0% in the second quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock valued at $145,732,000 after buying an additional 4,926,341 shares during the period. Federated Hermes Inc. grew its position in UiPath by 40.7% during the second quarter. Federated Hermes Inc. now owns 8,048,321 shares of the company’s stock worth $103,019,000 after buying an additional 2,328,225 shares in the last quarter. Finally, State Street Corp increased its stake in UiPath by 5.0% during the second quarter. State Street Corp now owns 8,032,345 shares of the company’s stock valued at $102,814,000 after acquiring an additional 378,851 shares during the period. 62.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on PATH. Zacks Research cut shares of UiPath from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. BMO Capital Markets lifted their price objective on shares of UiPath from $13.00 to $17.00 and gave the company a “market perform” rating in a research note on Thursday, December 4th. Morgan Stanley increased their target price on shares of UiPath from $15.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 9th. Canaccord Genuity Group boosted their price target on UiPath from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Finally, DA Davidson increased their price objective on UiPath from $12.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. One research analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $16.00.

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.