Daniel Dines Sells 45,000 Shares of UiPath, Inc. (NYSE:PATH) Stock

UiPath, Inc. (NYSE:PATH - Get Free Report) CEO Daniel Dines sold 45,000 shares of the business's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $12.55, for a total value of $564,750.00. Following the completion of the sale, the chief executive officer now owns 5,688,376 shares in the company, valued at approximately $71,389,118.80. This trade represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, June 23rd, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $12.10, for a total value of $544,500.00.

UiPath Price Performance

Shares of NYSE:PATH traded down $0.03 on Wednesday, hitting $12.48. The company had a trading volume of 4,786,074 shares, compared to its average volume of 10,417,462. The stock has a 50 day moving average price of $12.26 and a 200 day moving average price of $12.55. UiPath, Inc. has a 1-year low of $9.38 and a 1-year high of $15.93.

UiPath (NYSE:PATH - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. The firm had revenue of $356.62 million for the quarter, compared to analysts' expectations of $332.17 million. UiPath had a negative net margin of 4.65% and a negative return on equity of 3.05%. The business's revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 EPS. Equities analysts expect that UiPath, Inc. will post -0.17 earnings per share for the current year.

Hedge Funds Weigh In On UiPath

A number of large investors have recently made changes to their positions in the company. Norges Bank acquired a new position in UiPath in the 4th quarter valued at $71,191,000. Federated Hermes Inc. lifted its holdings in shares of UiPath by 479.3% during the first quarter. Federated Hermes Inc. now owns 5,720,096 shares of the company's stock worth $58,917,000 after buying an additional 4,732,712 shares in the last quarter. Senvest Management LLC boosted its position in shares of UiPath by 29.2% in the fourth quarter. Senvest Management LLC now owns 14,074,783 shares of the company's stock valued at $178,890,000 after acquiring an additional 3,180,300 shares during the period. Acadian Asset Management LLC grew its stake in shares of UiPath by 222.6% in the first quarter. Acadian Asset Management LLC now owns 4,241,047 shares of the company's stock valued at $43,667,000 after acquiring an additional 2,926,263 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of UiPath by 45.3% in the fourth quarter. AQR Capital Management LLC now owns 6,646,320 shares of the company's stock valued at $84,209,000 after acquiring an additional 2,072,089 shares in the last quarter. Institutional investors own 62.50% of the company's stock.

Wall Street Analysts Forecast Growth

PATH has been the topic of a number of recent research reports. Evercore ISI lifted their price objective on shares of UiPath from $11.00 to $15.00 and gave the company an "in-line" rating in a report on Friday, May 30th. BMO Capital Markets lifted their price target on shares of UiPath from $11.50 to $15.50 and gave the company a "market perform" rating in a research note on Friday, May 30th. UBS Group cut their price target on shares of UiPath from $14.00 to $10.00 and set a "sell" rating on the stock in a research report on Thursday, March 13th. Scotiabank raised their price objective on UiPath from $12.00 to $13.00 and gave the company a "sector perform" rating in a report on Friday, May 30th. Finally, Barclays reaffirmed an "equal weight" rating on shares of UiPath in a research report on Friday, May 30th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, UiPath has an average rating of "Hold" and an average price target of $13.83.

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.

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