UiPath (NYSE:PATH) Shares Down 1.1% on Insider Selling

UiPath, Inc. (NYSE:PATH)’s share price dropped 1.1% during mid-day trading on Tuesday after an insider sold shares in the company. The stock traded as low as $16.63 and last traded at $16.6690. Approximately 21,407,926 shares were traded during mid-day trading, an increase of 35% from the average daily volume of 15,805,548 shares. The stock had previously closed at $16.85.

Specifically, CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $16.44, for a total value of $739,800.00. Following the completion of the sale, the chief executive officer directly owned 28,523,585 shares in the company, valued at approximately $468,927,737.40. The trade was a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Daniel Dines sold 45,000 shares of the firm’s stock in a transaction on Friday, December 26th. The stock was sold at an average price of $16.90, for a total value of $760,500.00. Following the transaction, the chief executive officer owned 28,613,585 shares in the company, valued at approximately $483,569,586.50. This trade represents a 0.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In other UiPath news, CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $16.91, for a total value of $760,950.00. Following the completion of the transaction, the chief executive officer directly owned 28,658,585 shares of the company’s stock, valued at $484,616,672.35. The trade was a 0.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PATH shares. DA Davidson upped their price objective on shares of UiPath from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Canaccord Genuity Group boosted their target price on shares of UiPath from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Morgan Stanley increased their price target 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. Weiss Ratings reissued a “hold (c)” rating on shares of UiPath in a research note on Monday. Finally, Mizuho boosted their target price on UiPath from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. One 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 MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $16.00.

UiPath Trading Down 1.7%

The company’s 50-day simple moving average is $15.58 and its 200-day simple moving average is $13.60. The stock has a market capitalization of $8.76 billion, a price-to-earnings ratio of 39.00, a PEG ratio of 5.04 and a beta of 1.10.

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 analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $411.11 million during the quarter, compared to the consensus estimate of $392.46 million. UiPath had a return on equity of 3.73% and a net margin of 14.79%.UiPath’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 earnings per share. On average, equities research analysts expect that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On UiPath

Several large investors have recently modified their holdings of PATH. Mirabella Financial Services LLP bought a new stake in UiPath during the third quarter valued at $157,000. Allworth Financial LP lifted its stake in shares of UiPath by 166.0% in the 3rd quarter. Allworth Financial LP now owns 21,989 shares of the company’s stock valued at $294,000 after purchasing an additional 13,723 shares during the period. Swiss Life Asset Management Ltd boosted its position in shares of UiPath by 72.5% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 19,369 shares of the company’s stock valued at $259,000 after purchasing an additional 8,141 shares in the last quarter. Strategic Advocates LLC grew its stake in UiPath by 2.5% during the third quarter. Strategic Advocates LLC now owns 58,483 shares of the company’s stock worth $783,000 after purchasing an additional 1,446 shares during the period. Finally, Danske Bank A S acquired a new stake in UiPath during the third quarter worth approximately $14,114,000. 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.