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

UiPath, Inc. (NYSE:PATH) CEO Daniel Dines sold 45,000 shares of the company’s 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 transaction, the chief executive officer directly owned 28,208,585 shares of the company’s stock, valued at $484,341,404.45. This trade represents a 0.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Wednesday, January 7th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $17.32, for a total transaction of $779,400.00.
• On Monday, January 5th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $15.73, for a total value of $707,850.00.
• On Friday, January 2nd, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.38, for a total value of $737,100.00.
• On Wednesday, December 31st, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.55, for a total value of $744,750.00.
• 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 value 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 value of $760,500.00.
• 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 transaction of $760,950.00.
• 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.

UiPath Trading Down 3.3%

Shares of UiPath stock opened at $16.32 on Friday. UiPath, Inc. has a twelve month low of $9.38 and a twelve month high of $19.84. The stock has a market cap of $8.73 billion, a price-to-earnings ratio of 38.86, a price-to-earnings-growth ratio of 4.95 and a beta of 1.08. The company has a fifty day moving average price of $15.64 and a 200 day moving average price of $13.80.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PATH shares. Barclays increased their target price on UiPath from $14.00 to $16.00 and gave the company an “equal weight” rating in a research note on Thursday, December 4th. Morgan Stanley increased their price objective on shares of UiPath from $15.00 to $19.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 9th. Needham & Company LLC reissued a “hold” rating on shares of UiPath in a research report on Thursday, December 4th. Royal Bank Of Canada dropped their price target on UiPath from $19.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Monday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of UiPath in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $15.85.

Institutional Trading of UiPath

Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC grew its stake in shares of UiPath by 384.8% in the fourth quarter. SG Americas Securities LLC now owns 584,957 shares of the company’s stock worth $9,587,000 after purchasing an additional 464,304 shares in the last quarter. Teamwork Financial Advisors LLC bought a new position in UiPath in the 4th quarter valued at about $1,781,000. Wealth Enhancement Advisory Services LLC grew its position in UiPath by 7.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 76,887 shares of the company’s stock valued at $1,332,000 after buying an additional 5,632 shares in the last quarter. Fermata Advisors LLC bought a new stake in shares of UiPath during the 4th quarter worth about $275,000. Finally, Green Alpha Advisors LLC lifted its stake in shares of UiPath by 3.4% in the 4th quarter. Green Alpha Advisors LLC now owns 29,519 shares of the company’s stock worth $484,000 after acquiring an additional 973 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

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.