Insider Selling: UiPath (NYSE:PATH) CEO Sells $723,150.00 in Stock

UiPath, Inc. (NYSE:PATH) CEO Daniel Dines sold 45,000 shares of the stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $16.07, for a total value of $723,150.00. Following 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, December 17th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was 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 value 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 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 stock was 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 stock was sold at an average price of $16.73, for a total value of $752,850.00.

UiPath Stock Up 1.3%

PATH opened at $16.14 on Monday. The firm has a market capitalization of $8.63 billion, a P/E ratio of 38.44, a price-to-earnings-growth ratio of 4.87 and a beta of 1.10. The stock’s 50 day moving average price is $15.48 and its two-hundred day moving average price is $13.40. UiPath, Inc. has a 12-month low of $9.38 and a 12-month high of $19.84.

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

Institutional Investors Weigh In On UiPath

Several large investors have recently modified their holdings of the stock. Inspire Investing LLC acquired a new stake in UiPath in the 2nd quarter valued at about $891,000. AlphaQuest LLC lifted its position in shares of UiPath by 863.9% during the second quarter. AlphaQuest LLC now owns 42,847 shares of the company’s stock worth $548,000 after purchasing an additional 38,402 shares in the last quarter. Jump Financial LLC bought a new stake in shares of UiPath during the first quarter valued at approximately $11,016,000. Russell Investments Group Ltd. increased its holdings in shares of UiPath by 7.3% in the second quarter. Russell Investments Group Ltd. now owns 1,445,644 shares of the company’s stock valued at $18,448,000 after purchasing an additional 98,058 shares in the last quarter. Finally, Pallas Capital Advisors LLC increased its holdings in shares of UiPath by 24.8% in the second 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 in the last quarter. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PATH. UBS Group restated a “neutral” rating on shares of UiPath in a report on Thursday, December 4th. Truist Financial set a $17.00 price target on UiPath in a research note on Thursday, December 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of UiPath in a research report on Monday, December 15th. Mizuho lifted their price objective on UiPath from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Finally, Cowen restated a “hold” rating on shares of UiPath in a research note on Thursday, December 4th. One investment analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, UiPath has an average rating of “Hold” and a consensus 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.