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 Thursday, January 22nd. The shares were sold at an average price of $15.02, for a total value of $675,900.00. Following the transaction, the chief executive officer directly owned 27,983,585 shares of the company’s stock, valued at approximately $420,313,446.70. This trade represents a 0.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, January 26th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $15.01, for a total value of $675,450.00.
• On Wednesday, January 14th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $15.68, for a total value of $705,600.00.
• On Monday, January 12th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.61, for a total value of $747,450.00.
• On Friday, January 9th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were 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 shares were 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 transaction of $707,850.00.
• On Friday, January 2nd, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.38, for a total transaction of $737,100.00.
• On Wednesday, December 31st, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.55, for a total transaction 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 stock was sold at an average price of $16.90, for a total value of $760,500.00.

UiPath Price Performance

UiPath stock opened at $14.33 on Wednesday. UiPath, Inc. has a one year low of $9.38 and a one year high of $19.84. The business’s fifty day moving average is $15.81 and its 200 day moving average is $13.99. The stock has a market capitalization of $7.66 billion, a PE ratio of 34.12, a price-to-earnings-growth ratio of 4.37 and a beta of 1.08.

UiPath (NYSE:PATH) last issued its earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $411.11 million during the quarter, compared to analyst estimates of $392.46 million. UiPath had a return on equity of 3.73% and a net margin of 14.79%.UiPath’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 EPS. As a group, sell-side analysts expect that UiPath, Inc. will post -0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. D.A. Davidson & CO. grew its holdings in shares of UiPath by 23.8% in the third quarter. D.A. Davidson & CO. now owns 752,448 shares of the company’s stock valued at $10,068,000 after purchasing an additional 144,832 shares in the last quarter. Inspire Investing LLC purchased a new stake in UiPath during the second quarter valued at $891,000. AlphaQuest LLC raised its stake in UiPath by 863.9% during the second quarter. AlphaQuest LLC now owns 42,847 shares of the company’s stock valued at $548,000 after purchasing an additional 38,402 shares in the last quarter. Russell Investments Group Ltd. lifted its position in UiPath by 7.3% during 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 during the last quarter. Finally, CWM LLC lifted its position in UiPath by 96.2% during the second quarter. CWM LLC now owns 312,073 shares of the company’s stock valued at $3,995,000 after purchasing an additional 152,988 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PATH. Zacks Research raised UiPath from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. TD Cowen reiterated a “hold” rating on shares of UiPath in a research report on Thursday, December 4th. Mizuho raised their target price on UiPath from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Wells Fargo & Company boosted their price target on UiPath from $12.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday, December 4th. Finally, Canaccord Genuity Group increased their price objective on shares of UiPath from $15.00 to $19.00 and gave the stock a “buy” rating in a research note 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.