Insider Selling: UiPath (NYSE:PATH) CEO Sells $705,600.00 in Stock

UiPath, Inc. (NYSE:PATH) CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $15.68, for a total value of $705,600.00. Following the transaction, the chief executive officer directly owned 28,028,585 shares of the company’s stock, valued at approximately $439,488,212.80. The trade was a 0.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, January 12th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.61, for a total transaction of $747,450.00.
• On Friday, January 9th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $17.17, for a total transaction of $772,650.00.
• On Wednesday, January 7th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $17.32, for a total transaction of $779,400.00.
• On Monday, January 5th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $15.73, for a total value of $707,850.00.
• On Friday, January 2nd, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.38, for a total value of $737,100.00.
• On Wednesday, December 31st, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.55, for a total value of $744,750.00.
• On Monday, December 29th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.44, for a total value of $739,800.00.
• On Friday, December 26th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.90, for a total value of $760,500.00.
• On Wednesday, December 24th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.91, for a total value of $760,950.00.
• On Monday, December 22nd, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.49, for a total transaction of $742,050.00.

UiPath Trading Down 3.2%

PATH opened at $14.32 on Friday. UiPath, Inc. has a 1-year low of $9.38 and a 1-year high of $19.84. The firm has a 50-day moving average price of $15.73 and a two-hundred day moving average price of $13.90. The stock has a market capitalization of $7.66 billion, a PE ratio of 34.10, a PEG ratio of 4.34 and a beta of 1.08.

UiPath (NYSE:PATH) last issued its quarterly earnings results 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. UiPath had a net margin of 14.79% and a return on equity of 3.73%. The business had revenue of $411.11 million during the quarter, compared to analyst estimates of $392.46 million. During the same quarter last year, the business posted $0.11 earnings per share. UiPath’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, research analysts predict that UiPath, Inc. will post -0.17 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Truist Financial set a $17.00 price objective on shares of UiPath in a research note on Thursday, December 4th. Cowen restated a “hold” rating on shares of UiPath in a research report on Thursday, December 4th. Wall Street Zen lowered UiPath from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Weiss Ratings reissued a “hold (c)” rating on shares of UiPath in a research note on Monday, December 29th. Finally, Wells Fargo & Company upped their target price on shares of UiPath from $12.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, UiPath has an average rating of “Hold” and a consensus price target of $16.00.

Institutional Investors Weigh In On UiPath

A number of hedge funds have recently modified their holdings of the business. Noble Wealth Management PBC acquired a new position in shares of UiPath in the fourth quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in UiPath in the 2nd quarter worth $28,000. AdvisorNet Financial Inc increased its holdings in UiPath by 320.4% during the 2nd quarter. AdvisorNet Financial Inc now owns 2,476 shares of the company’s stock worth $32,000 after purchasing an additional 1,887 shares in the last quarter. CoreCap Advisors LLC raised its stake in shares of UiPath by 92.3% in the 4th quarter. CoreCap Advisors LLC now owns 2,579 shares of the company’s stock valued at $42,000 after purchasing an additional 1,238 shares during the period. Finally, GAMMA Investing LLC lifted its holdings 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 purchasing an additional 969 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

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.