Insider Selling: UiPath (NYSE:PATH) CEO Sells 45,000 Shares of Stock

UiPath, Inc. (NYSE:PATH) CEO Daniel Dines sold 45,000 shares of the firm’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $16.61, for a total transaction of $747,450.00. Following the completion of the sale, the chief executive officer owned 28,163,585 shares in the company, valued at approximately $467,797,146.85. The trade was a 0.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• 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 value 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 shares were 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 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 shares were 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.
• On Wednesday, December 24th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was 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 shares were sold at an average price of $16.49, for a total value of $742,050.00.
• On Friday, December 19th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.07, for a total transaction of $723,150.00.

UiPath Stock Up 5.6%

NYSE:PATH traded up $0.91 during trading hours on Monday, hitting $17.23. 18,630,696 shares of the stock were exchanged, compared to its average volume of 24,899,508. The company’s 50 day moving average is $15.64 and its two-hundred day moving average is $13.82. UiPath, Inc. has a twelve month low of $9.38 and a twelve month high of $19.84. The company has a market capitalization of $9.21 billion, a P/E ratio of 41.03, a price-to-earnings-growth ratio of 4.79 and a beta of 1.08.

UiPath (NYSE:PATH) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported $0.16 earnings per share (EPS) 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 firm had revenue of $411.11 million during the quarter, compared to analysts’ expectations of $392.46 million. During the same quarter in the previous year, the company earned $0.11 earnings per share. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, equities research analysts expect that UiPath, Inc. will post -0.17 EPS for the current year.

Institutional Trading of UiPath

Institutional investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. increased its stake in 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 acquiring an additional 144,832 shares during the last quarter. Inspire Investing LLC purchased a new stake in shares of UiPath during the second quarter valued at approximately $891,000. AlphaQuest LLC increased its position in shares of UiPath by 863.9% in the second quarter. AlphaQuest LLC now owns 42,847 shares of the company’s stock valued at $548,000 after acquiring an additional 38,402 shares during the period. Russell Investments Group Ltd. increased its holdings in UiPath by 7.3% during the 2nd 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 period. Finally, Pallas Capital Advisors LLC raised its holdings in shares of UiPath by 24.8% during the second quarter. Pallas Capital Advisors LLC now owns 105,834 shares of the company’s stock valued at $1,355,000 after acquiring 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

A number of research analysts recently commented on PATH shares. Mizuho boosted their price target on UiPath from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Royal Bank Of Canada decreased their target price on UiPath from $19.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Monday, January 5th. DA Davidson increased their target price on shares of UiPath from $12.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. UBS Group reaffirmed a “neutral” rating on shares of UiPath in a report on Thursday, December 4th. Finally, Evercore ISI raised their target price on shares of UiPath from $15.00 to $17.00 and gave the company an “in-line” rating in a research report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, UiPath currently has an average rating of “Hold” and an average target price of $16.00.

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.