UiPath (NYSE:PATH) Trading Down 1.7% After Insider Selling

UiPath, Inc. (NYSE:PATH) shares traded down 1.7% during trading on Wednesday after an insider sold shares in the company. The company traded as low as $16.26 and last traded at $16.38. 69,643,403 shares were traded during mid-day trading, an increase of 335% from the average session volume of 16,026,240 shares. The stock had previously closed at $16.67.

Specifically, CEO Daniel Dines sold 45,000 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $16.55, for a total transaction of $744,750.00. Following the transaction, the chief executive officer directly owned 28,478,585 shares in the company, valued at approximately $471,320,581.75. This trade represents a 0.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Daniel Dines sold 45,000 shares of the company’s stock in a transaction on Monday, December 29th. The stock was sold at an average price of $16.44, for a total transaction of $739,800.00. Following the completion of the sale, the chief executive officer owned 28,523,585 shares of the company’s stock, valued at approximately $468,927,737.40. The trade was a 0.16% decrease in their position. The SEC filing for this sale provides additional information. In related news, CEO Daniel Dines sold 45,000 shares of the firm’s stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $16.90, for a total transaction of $760,500.00. Following the transaction, the chief executive officer directly owned 28,613,585 shares of the company’s stock, valued at $483,569,586.50. This trade represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on PATH shares. Wall Street Zen downgraded UiPath from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Barclays boosted their price objective on UiPath from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 4th. Truist Financial set a $17.00 target price on UiPath in a research report on Thursday, December 4th. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a research note on Thursday, December 4th. Finally, Mizuho increased their price target on shares of UiPath from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, UiPath presently has a consensus rating of “Hold” and an average target price of $16.00.

UiPath Stock Performance

The firm has a 50 day moving average price of $15.60 and a two-hundred day moving average price of $13.62. The company has a market cap of $8.76 billion, a P/E ratio of 39.00, a P/E/G ratio of 4.95 and a beta of 1.08.

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 business had revenue of $411.11 million for the quarter, compared to the consensus estimate of $392.46 million. UiPath had a net margin of 14.79% and a return on equity of 3.73%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. On average, sell-side analysts predict that UiPath, Inc. will post -0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Twin Peaks Wealth Advisors LLC bought a new stake in UiPath during the 2nd quarter valued at $28,000. AdvisorNet Financial Inc grew its position in shares of 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 in the last quarter. GAMMA Investing LLC raised its stake in shares of UiPath by 48.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,989 shares of the company’s stock valued at $38,000 after purchasing an additional 969 shares during the period. IFP Advisors Inc lifted its holdings in UiPath by 508.0% during the 2nd quarter. IFP Advisors Inc now owns 3,283 shares of the company’s stock worth $42,000 after purchasing an additional 2,743 shares in the last quarter. Finally, Bayforest Capital Ltd lifted its holdings in UiPath by 852.4% during the 2nd quarter. Bayforest Capital Ltd now owns 4,143 shares of the company’s stock worth $53,000 after purchasing an additional 3,708 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

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.