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

UiPath, Inc. (NYSE:PATH) CEO Daniel Dines sold 45,000 shares of the business’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $16.07, for a total value of $723,150.00. Following the completion of the transaction, the chief executive officer directly owned 28,793,585 shares in the company, valued at approximately $462,712,910.95. This represents a 0.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• 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 stock was 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 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 stock was 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.
• 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 transaction 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 transaction 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.

UiPath Stock Performance

NYSE:PATH traded up $0.20 during trading hours on Friday, reaching $16.14. The stock had a trading volume of 18,565,619 shares, compared to its average volume of 15,587,578. UiPath, Inc. has a 12-month low of $9.38 and a 12-month high of $19.84. The stock has a 50 day simple moving average of $15.50 and a 200 day simple moving average of $13.36. The stock has a market cap of $8.63 billion, a P/E ratio of 38.44, a price-to-earnings-growth ratio of 4.76 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 for the quarter, topping 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 company had revenue of $411.11 million during the quarter, compared to analyst estimates of $392.46 million. During the same quarter last year, the firm posted $0.11 EPS. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, equities analysts expect that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Invesco Ltd. lifted its position in UiPath by 18.8% during the first quarter. Invesco Ltd. now owns 454,849 shares of the company’s stock valued at $4,685,000 after purchasing an additional 72,049 shares during the last quarter. Nuveen LLC bought a new position in shares of UiPath in the 1st quarter worth $10,503,000. Raymond James Financial Inc. raised its position in shares of UiPath by 58.4% during the 1st quarter. Raymond James Financial Inc. now owns 686,278 shares of the company’s stock valued at $7,069,000 after buying an additional 253,113 shares in the last quarter. Brooklyn Investment Group lifted its holdings in shares of UiPath by 314.3% during the 1st quarter. Brooklyn Investment Group now owns 4,508 shares of the company’s stock worth $46,000 after acquiring an additional 3,420 shares during the last quarter. Finally, Candriam S.C.A. purchased a new position in UiPath in the first quarter worth $18,440,000. 62.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on PATH shares. BMO Capital Markets upped their price target 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. DA Davidson increased their target price on UiPath from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a research report on Thursday, December 4th. Cowen reissued a “hold” rating on shares of UiPath in a report on Thursday, December 4th. Finally, UBS Group reiterated a “neutral” rating on shares of UiPath 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company 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.