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 Monday, December 8th. The stock was sold at an average price of $19.21, for a total value of $864,450.00. Following the transaction, the chief executive officer owned 29,153,585 shares in the company, valued at $560,040,367.85. This represents a 0.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 shares were 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 shares were 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 transaction of $733,050.00.
• On Monday, October 27th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.73, for a total transaction of $752,850.00.
• On Friday, October 24th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $15.46, for a total transaction of $695,700.00.
• On Wednesday, October 22nd, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $15.53, for a total transaction of $698,850.00.
• On Monday, October 20th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $15.71, for a total transaction of $706,950.00.
• On Friday, October 17th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $15.62, for a total value of $702,900.00.
• On Wednesday, October 15th, Daniel Dines sold 122,734 shares of UiPath stock. The shares were sold at an average price of $16.92, for a total value of $2,076,659.28.

UiPath Trading Down 1.7%

Shares of PATH stock opened at $18.97 on Wednesday. The company has a market capitalization of $10.07 billion, a P/E ratio of 45.16, a price-to-earnings-growth ratio of 7.16 and a beta of 1.10. The business’s 50 day moving average is $15.18 and its two-hundred day moving average is $13.17. UiPath, Inc. has a twelve month low of $9.38 and a twelve month high of $19.84.

UiPath (NYSE:PATH) last released its quarterly earnings results on Wednesday, December 3rd. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. UiPath had a return on equity of 3.83% and a net margin of 14.79%.The business had revenue of $411.11 million during the quarter, compared to analysts’ expectations of $392.46 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, equities analysts predict that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

PATH has been the subject of several recent analyst reports. Needham & Company LLC restated a “hold” rating on shares of UiPath in a research note on Thursday, December 4th. Truist Financial set a $17.00 price objective on UiPath in a report on Thursday, December 4th. Royal Bank Of Canada boosted their target price on UiPath from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of UiPath in a report on Thursday, October 30th. Finally, Zacks Research downgraded UiPath from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, UiPath presently has an average rating of “Reduce” and an average price target of $15.77.

Institutional Investors Weigh In On UiPath

Several institutional investors have recently modified their holdings of PATH. Twin Peaks Wealth Advisors LLC purchased a new position in UiPath in the 2nd quarter valued at approximately $28,000. AdvisorNet Financial Inc grew its holdings in UiPath by 320.4% in the second quarter. AdvisorNet Financial Inc now owns 2,476 shares of the company’s stock valued at $32,000 after purchasing an additional 1,887 shares during the last quarter. GAMMA Investing LLC increased its position in shares of UiPath by 48.0% in the second quarter. GAMMA Investing LLC now owns 2,989 shares of the company’s stock valued at $38,000 after buying an additional 969 shares in the last quarter. IFP Advisors Inc boosted its position in shares of UiPath by 508.0% in the 2nd quarter. IFP Advisors Inc now owns 3,283 shares of the company’s stock worth $42,000 after buying an additional 2,743 shares in the last quarter. Finally, Brooklyn Investment Group boosted its position in shares of UiPath by 314.3% in the 1st quarter. Brooklyn Investment Group now owns 4,508 shares of the company’s stock worth $46,000 after buying an additional 3,420 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

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.