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 stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $12.54, for a total transaction of $564,300.00. Following the sale, the chief executive officer directly owned 5,463,376 shares of the company's stock, valued at $68,510,735.04. This represents a 0.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, June 30th, 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 Friday, June 27th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were 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 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 value of $544,500.00.

UiPath Price Performance

Shares of NYSE:PATH traded up $0.16 during midday trading on Wednesday, hitting $12.85. 8,313,161 shares of the company's stock were exchanged, compared to its average volume of 10,406,537. UiPath, Inc. has a 12 month low of $9.38 and a 12 month high of $15.93. The company has a market cap of $6.88 billion, a PE ratio of -107.07, a price-to-earnings-growth ratio of 16.77 and a beta of 1.04. The stock has a 50 day moving average price of $12.49 and a 200-day moving average price of $12.48.

UiPath (NYSE:PATH - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. The firm had revenue of $356.62 million during the quarter, compared to analyst estimates of $332.17 million. UiPath had a negative return on equity of 3.05% and a negative net margin of 4.65%. The company's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 EPS. On average, analysts anticipate that UiPath, Inc. will post -0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Needham & Company LLC reissued a "hold" rating on shares of UiPath in a research note on Friday, May 30th. Evercore ISI boosted their target price on shares of UiPath from $11.00 to $15.00 and gave the company an "in-line" rating in a research report on Friday, May 30th. Barclays reissued an "equal weight" rating on shares of UiPath in a research note on Friday, May 30th. Canaccord Genuity Group set a $16.00 price target on shares of UiPath and gave the stock a "buy" rating in a report on Monday, June 2nd. Finally, BMO Capital Markets upped their price objective on shares of UiPath from $11.50 to $15.50 and gave the company a "market perform" rating in a report on Friday, May 30th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, UiPath presently has a consensus rating of "Hold" and a consensus target price of $13.83.

Institutional Trading of UiPath

Institutional investors have recently made changes to their positions in the company. Norges Bank bought a new position in shares of UiPath during the fourth quarter valued at about $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 grew its stake in shares of UiPath by 29.2% during the 4th quarter. Senvest Management LLC now owns 14,074,783 shares of the company's stock worth $178,890,000 after acquiring an additional 3,180,300 shares during the period. Acadian Asset Management LLC increased 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 worth $43,667,000 after purchasing an additional 2,926,263 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in UiPath by 45.3% in the 4th 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 in the last quarter. Institutional investors own 62.50% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.