UiPath, Inc. (NYSE:PATH) CEO Sells $547,200.00 in Stock

Key Points

• Daniel Dines, CEO of UiPath, Inc., sold 45,000 shares at an average price of $12.16, totaling $547,200, which reduced his ownership by 0.95% to 4,698,376 shares.
• UiPath stock has a market cap of $6.54 billion and a fifty-two week trading range between $9.38 and $15.93.
• Analysts have various ratings on UiPath, with a current average rating of "Hold" and an average price target of $13.83.

UiPath, Inc. (NYSE:PATH - Get Free Report) CEO Daniel Dines sold 45,000 shares of the firm's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $12.16, for a total value of $547,200.00. Following the completion of the transaction, the chief executive officer directly owned 4,698,376 shares of the company's stock, valued at $57,132,252.16. The trade was a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, July 30th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $12.06, for a total value of $542,700.00.
• On Friday, July 25th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $12.25, for a total value of $551,250.00.
• On Wednesday, July 23rd, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $12.56, for a total value of $565,200.00.
• On Monday, July 21st, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $12.72, for a total value of $572,400.00.
• On Friday, July 18th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $12.38, for a total value of $557,100.00.
• On Wednesday, July 16th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were 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 shares were 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 shares were 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.

UiPath Trading Down 5.0%

UiPath stock traded down $0.59 during trading hours on Friday, hitting $11.17. 2,968,137 shares of the stock traded hands, compared to its average volume of 11,734,233. The firm's 50-day moving average price is $12.65 and its two-hundred day moving average price is $12.39. The company has a market cap of $5.97 billion, a PE ratio of -92.87, a PEG ratio of 15.73 and a beta of 1.04. UiPath, Inc. has a one year low of $9.38 and a one year high of $15.93.

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 analysts' consensus estimates 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 period in the previous year, the firm posted $0.13 EPS. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. On average, sell-side analysts expect that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

PATH has been the topic of several analyst reports. Wall Street Zen upgraded UiPath from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. DA Davidson upgraded UiPath to a "hold" rating in a report on Tuesday, July 22nd. Wells Fargo & Company reiterated an "equal weight" rating on shares of UiPath in a report on Friday, May 30th. Mizuho reduced their price target on UiPath from $12.00 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, Canaccord Genuity Group set a $16.00 price target on UiPath and gave the company a "buy" rating in a report on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $13.83.

Institutional Trading of UiPath

Hedge funds have recently made changes to their positions in the stock. AdvisorNet Financial Inc boosted its position in shares of UiPath by 320.4% in the 2nd quarter. AdvisorNet Financial Inc now owns 2,476 shares of the company's stock worth $32,000 after purchasing an additional 1,887 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of UiPath by 198.6% in the 1st quarter. Versant Capital Management Inc now owns 2,962 shares of the company's stock worth $31,000 after purchasing an additional 1,970 shares in the last quarter. GAMMA Investing LLC lifted its position in UiPath by 48.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,989 shares of the company's stock valued at $38,000 after acquiring an additional 969 shares in the last quarter. IFP Advisors Inc lifted its position in UiPath by 508.0% in the 2nd quarter. IFP Advisors Inc now owns 3,283 shares of the company's stock valued at $42,000 after acquiring an additional 2,743 shares in the last quarter. Finally, CX Institutional bought a new position in UiPath in the 1st quarter valued at approximately $36,000. 62.50% of the stock is 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.