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

UiPath, Inc. (NYSE:PATH - Get Free Report) CEO Daniel Dines sold 45,000 shares of the firm's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $12.78, for a total value of $575,100.00. Following the completion of the sale, the chief executive officer directly owned 5,553,376 shares in the company, valued at approximately $70,972,145.28. This represents a 0.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, July 2nd, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $12.54, for a total transaction of $564,300.00.
• On Friday, June 27th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $12.78, for a total transaction of $575,100.00.
• On Wednesday, June 25th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $12.55, for a total transaction of $564,750.00.
• On Monday, June 23rd, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $12.10, for a total value of $544,500.00.

UiPath Price Performance

Shares of PATH stock traded up $0.42 on Thursday, hitting $13.27. The stock had a trading volume of 6,853,764 shares, compared to its average volume of 10,418,757. The business has a 50 day moving average of $12.57 and a 200 day moving average of $12.48. UiPath, Inc. has a 12-month low of $9.38 and a 12-month high of $15.93. The stock has a market cap of $7.10 billion, a price-to-earnings ratio of -110.57, a price-to-earnings-growth ratio of 16.83 and a beta of 1.04.

UiPath (NYSE:PATH - Get Free Report) last posted its earnings results on Thursday, May 29th. The company reported $0.11 EPS for the quarter, topping 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 company's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 EPS. As a group, research analysts expect that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Institutional Trading of UiPath

Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of UiPath during the 4th quarter worth approximately $71,191,000. Federated Hermes Inc. grew its holdings in UiPath by 479.3% during the first quarter. Federated Hermes Inc. now owns 5,720,096 shares of the company's stock valued at $58,917,000 after purchasing an additional 4,732,712 shares during the period. Senvest Management LLC increased its position in UiPath by 29.2% in the fourth quarter. Senvest Management LLC now owns 14,074,783 shares of the company's stock worth $178,890,000 after buying an additional 3,180,300 shares during the last quarter. Acadian Asset Management LLC increased its position in UiPath by 222.6% in the first quarter. Acadian Asset Management LLC now owns 4,241,047 shares of the company's stock worth $43,667,000 after buying an additional 2,926,263 shares during the last quarter. Finally, AQR Capital Management LLC raised 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 buying an additional 2,072,089 shares during the period. Institutional investors own 62.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PATH shares. UBS Group dropped their target price on UiPath from $14.00 to $10.00 and set a "sell" rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company reiterated an "equal weight" rating on shares of UiPath in a report on Friday, May 30th. Evercore ISI lifted their target price on shares of UiPath from $11.00 to $15.00 and gave the stock an "in-line" rating in a research report on Friday, May 30th. DA Davidson raised shares of UiPath to a "hold" rating in a report on Monday, June 9th. Finally, Royal Bank Of Canada raised their price target on shares of UiPath from $13.00 to $15.00 and gave the company a "sector perform" rating in a research note on Friday, May 30th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, UiPath presently has an average rating of "Hold" and an average price target of $13.83.

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.