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 UiPath stock in a transaction that occurred on 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 owned 5,283,376 shares of the company's stock, valued at approximately $69,582,061.92. The trade was a 0.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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 value of $575,100.00.
• 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 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 stock was sold at an average price of $12.10, for a total value of $544,500.00.

UiPath Stock Performance

Shares of PATH traded up $0.12 during trading hours on Wednesday, hitting $13.34. 5,206,566 shares of the stock were exchanged, compared to its average volume of 10,382,201. 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 $7.14 billion, a price-to-earnings ratio of -111.16, a price-to-earnings-growth ratio of 17.24 and a beta of 1.04. The stock's 50-day moving average price is $12.66 and its two-hundred day moving average price is $12.47.

UiPath (NYSE:PATH - Get Free Report) last issued its quarterly 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. 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 during the quarter, compared to analysts' expectations of $332.17 million. During the same period in the previous year, the business earned $0.13 earnings per share. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. On average, research analysts expect that UiPath, Inc. will post -0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PATH has been the topic of several analyst reports. DA Davidson raised UiPath to a "hold" rating in a report on Monday, June 9th. Bank of America reaffirmed an "underperform" rating and set a $10.00 target price (down from $18.00) on shares of UiPath in a report on Thursday, March 13th. Barclays reaffirmed an "equal weight" rating on shares of UiPath in a report on Friday, May 30th. Wells Fargo & Company restated an "equal weight" rating on shares of UiPath in a research report on Friday, May 30th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of UiPath 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 issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $13.83.

Hedge Funds Weigh In On UiPath

Institutional investors 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 valued at approximately $71,191,000. Federated Hermes Inc. increased its stake in 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 acquiring an additional 4,732,712 shares during the last quarter. Senvest Management LLC lifted its stake in shares of UiPath by 29.2% in the 4th quarter. Senvest Management LLC now owns 14,074,783 shares of the company's stock valued at $178,890,000 after purchasing an additional 3,180,300 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of UiPath by 222.6% in the 1st quarter. Acadian Asset Management LLC now owns 4,241,047 shares of the company's stock valued at $43,667,000 after purchasing an additional 2,926,263 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of UiPath by 45.3% during the 4th quarter. AQR Capital Management LLC now owns 6,646,320 shares of the company's stock worth $84,209,000 after purchasing an additional 2,072,089 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.

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