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

UiPath, Inc. (NYSE:PATH - Get Free Report) CEO Daniel Dines sold 45,000 shares of the company's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $13.17, for a total transaction of $592,650.00. Following the sale, the chief executive officer directly owned 5,283,376 shares in the company, valued at approximately $69,582,061.92. This trade represents a 0.84% decrease in their ownership of the stock. The transaction 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 Monday, July 7th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $13.11, for a total transaction of $589,950.00.
• 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 Monday, June 30th, 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 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 shares were 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 transaction of $544,500.00.

UiPath Stock Down 4.1%

Shares of UiPath stock traded down $0.53 on Friday, hitting $12.36. The stock had a trading volume of 5,898,711 shares, compared to its average volume of 10,291,729. UiPath, Inc. has a one year low of $9.38 and a one year high of $15.93. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of -102.99, a PEG ratio of 17.46 and a beta of 1.04. The stock's 50-day simple moving average is $12.71 and its two-hundred day simple moving average is $12.48.

UiPath (NYSE:PATH - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. UiPath had a negative net margin of 4.65% and a negative return on equity of 3.05%. 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 business earned $0.13 earnings per share. The business's revenue was up 6.4% on a year-over-year basis. As a group, equities analysts predict that UiPath, Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PATH shares. BMO Capital Markets raised their target price 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. Scotiabank increased their price target on shares of UiPath from $12.00 to $13.00 and gave the company a "sector perform" rating in a research report on Friday, May 30th. Needham & Company LLC reiterated a "hold" rating on shares of UiPath in a research report on Friday, May 30th. UBS Group reduced 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. Finally, Barclays reiterated an "equal weight" rating on shares of UiPath in a research report on Friday, May 30th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, UiPath has a consensus rating of "Hold" and a consensus target price of $13.83.

Institutional Trading of UiPath

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC lifted its position in UiPath by 88.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock valued at $31,000 after buying an additional 1,152 shares during the period. Versant Capital Management Inc lifted its position in UiPath by 198.6% during the first quarter. Versant Capital Management Inc now owns 2,962 shares of the company's stock valued at $31,000 after buying an additional 1,970 shares during the period. CX Institutional purchased a new position in UiPath during the first quarter valued at $36,000. EverSource Wealth Advisors LLC lifted its position in UiPath by 141.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company's stock valued at $38,000 after buying an additional 1,742 shares during the period. Finally, Brooklyn Investment Group lifted its position in UiPath by 314.3% during the first quarter. Brooklyn Investment Group now owns 4,508 shares of the company's stock valued at $46,000 after buying an additional 3,420 shares during the period. Hedge funds and other 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.