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 that occurred on Monday, June 30th. The stock was sold at an average price of $12.78, for a total value of $575,100.00. Following the completion of the transaction, the chief executive officer owned 5,553,376 shares in the company, valued at $70,972,145.28. The trade was a 0.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 value 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 value 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 transaction of $544,500.00.

UiPath Stock Up 0.5%

Shares of PATH stock traded up $0.07 on Monday, reaching $12.80. The company's stock had a trading volume of 8,490,316 shares, compared to its average volume of 10,408,796. The company has a market capitalization of $6.85 billion, a P/E ratio of -106.66, a PEG ratio of 16.68 and a beta of 1.06. UiPath, Inc. has a 12-month low of $9.38 and a 12-month high of $15.93. The stock's 50 day simple moving average is $12.44 and its 200-day simple moving average is $12.48.

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. UiPath had a negative return on equity of 3.05% and a negative net margin of 4.65%. The firm had revenue of $356.62 million for the quarter, compared to analysts' expectations of $332.17 million. During the same quarter last year, the firm posted $0.13 EPS. The company's revenue was up 6.4% compared to the same quarter last year. Research analysts expect that UiPath, Inc. will post -0.17 EPS for the current year.

Wall Street Analyst Weigh In

PATH has been the topic of a number of research analyst reports. DA Davidson upgraded shares of UiPath to a "hold" rating in a research note on Monday, June 9th. Barclays reiterated an "equal weight" rating on shares of UiPath in a research note on Friday, May 30th. Royal Bank Of Canada raised their target price on UiPath from $13.00 to $15.00 and gave the stock a "sector perform" rating in a research report on Friday, May 30th. Scotiabank upped their price target on UiPath from $12.00 to $13.00 and gave the company a "sector perform" rating in a research report on Friday, May 30th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of UiPath in a research note on Friday, May 30th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $13.83.

Institutional Investors Weigh In On UiPath

Hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of UiPath during the 4th quarter worth $71,191,000. Federated Hermes Inc. lifted its position in UiPath by 479.3% in the 1st 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 during the last quarter. Senvest Management LLC boosted its stake 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 in the last quarter. Acadian Asset Management LLC boosted its stake 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 in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of UiPath by 45.3% during the fourth quarter. AQR Capital Management LLC now owns 6,646,320 shares of the company's stock worth $84,209,000 after acquiring an additional 2,072,089 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

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.

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