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 on Friday, July 18th. The stock was sold at an average price of $12.38, for a total value of $557,100.00. Following the sale, the chief executive officer owned 4,968,376 shares of the company's stock, valued at approximately $61,508,494.88. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, July 16th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $12.43, for a total value of $559,350.00.
• On Wednesday, July 16th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $12.43, for a total value of $559,350.00.
• On Monday, July 14th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $12.44, for a total value of $559,800.00.
• On Friday, July 11th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $12.71, for a total value of $571,950.00.
• On Wednesday, July 9th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $13.17, for a total value of $592,650.00.
• On Monday, July 7th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $13.11, for a total value 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 value 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 shares were 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 shares were sold at an average price of $12.55, for a total value of $564,750.00.

UiPath Stock Performance

NYSE PATH traded up $0.22 during trading hours on Friday, reaching $12.55. The stock had a trading volume of 16,523,646 shares, compared to its average volume of 10,348,162. The stock has a fifty day moving average of $12.75 and a 200 day moving average of $12.45. The stock has a market cap of $6.71 billion, a P/E ratio of -104.57, a price-to-earnings-growth ratio of 16.24 and a beta of 1.04. UiPath, Inc. has a 52-week low of $9.38 and a 52-week high of $15.93.

UiPath (NYSE:PATH - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. The firm had revenue of $356.62 million for 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%. UiPath's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 earnings per share. On average, equities research analysts forecast that UiPath, Inc. will post -0.17 EPS for the current year.

Analyst Ratings Changes

PATH has been the topic of several research reports. Wells Fargo & Company restated an "equal weight" rating on shares of UiPath in a research note on Friday, May 30th. Mizuho cut their price target on UiPath from $12.00 to $11.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Scotiabank lifted their target price on UiPath from $12.00 to $13.00 and gave the company a "sector perform" rating in a research note on Friday, May 30th. Needham & Company LLC reiterated a "hold" rating on shares of UiPath in a research note on Friday, May 30th. Finally, Truist Financial lifted their target price on UiPath from $12.00 to $13.00 and gave the company a "hold" rating in a research note on Friday, May 30th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $13.83.

Institutional Investors Weigh In On UiPath

A number of large investors have recently bought and sold shares of PATH. Vanguard Group Inc. lifted its holdings in UiPath by 3.0% in the first quarter. Vanguard Group Inc. now owns 48,061,096 shares of the company's stock valued at $495,029,000 after acquiring an additional 1,396,972 shares during the period. Senvest Management LLC lifted its holdings in UiPath by 29.2% in the fourth quarter. Senvest Management LLC now owns 14,074,783 shares of the company's stock valued at $178,890,000 after acquiring an additional 3,180,300 shares during the period. AQR Capital Management LLC raised its stake 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 buying an additional 2,072,089 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of UiPath by 10.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,132,003 shares of the company's stock worth $63,164,000 after buying an additional 602,866 shares during the period. Finally, Federated Hermes Inc. raised its stake in shares of UiPath by 479.3% during 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 period. Hedge funds and other institutional investors own 62.50% of the company's stock.

About UiPath

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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