Daniel Dines Sells 45,000 Shares of UiPath (NYSE:PATH) Stock

Key Points

• Daniel Dines sold 45,000 UiPath shares on Jan. 12 at an average price of $16.61 — the latest in a string of identical transactions that total about 495,000 shares sold recently, reducing his stake by 0.16% though he still owns ~28.16 million shares (~$468M).
• UiPath stock rose 5.6% to $17.23 midday; the company recently beat quarterly EPS and posted revenue up 15.9% year-over-year, while analysts' consensus is mostly a "Hold" with an average price target of $16 and a market cap of $9.21 billion.

UiPath, Inc. (NYSE:PATH - Get Free Report) CEO Daniel Dines sold 45,000 shares of the stock in a transaction on Monday, January 12th. The stock was sold at an average price of $16.61, for a total transaction of $747,450.00. Following the transaction, the chief executive officer directly owned 28,163,585 shares in the company, valued at approximately $467,797,146.85. This represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, January 9th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $17.17, for a total transaction of $772,650.00.
• On Wednesday, January 7th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $17.32, for a total transaction of $779,400.00.
• On Monday, January 5th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $15.73, for a total value of $707,850.00.
• On Friday, January 2nd, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.38, for a total value of $737,100.00.
• On Wednesday, December 31st, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.55, for a total transaction of $744,750.00.
• On Monday, December 29th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.44, for a total value of $739,800.00.
• On Friday, December 26th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.90, for a total transaction of $760,500.00.
• On Wednesday, December 24th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.91, for a total transaction of $760,950.00.
• On Monday, December 22nd, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.49, for a total transaction of $742,050.00.
• On Friday, December 19th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.07, for a total transaction of $723,150.00.

UiPath Stock Up 5.6%

Shares of PATH stock traded up $0.91 during mid-day trading on Monday, reaching $17.23. 18,630,696 shares of the company's stock traded hands, compared to its average volume of 24,899,508. The company's 50-day moving average price is $15.64 and its 200-day moving average price is $13.82. UiPath, Inc. has a 12 month low of $9.38 and a 12 month high of $19.84. The company has a market cap of $9.21 billion, a P/E ratio of 41.03, a P/E/G ratio of 4.79 and a beta of 1.08.

UiPath (NYSE:PATH - Get Free Report) last posted its earnings results on Wednesday, December 3rd. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. UiPath had a net margin of 14.79% and a return on equity of 3.73%. The business had revenue of $411.11 million during the quarter, compared to the consensus estimate of $392.46 million. During the same quarter in the previous year, the firm posted $0.11 EPS. The firm's revenue was up 15.9% on a year-over-year basis. Equities analysts predict that UiPath, Inc. will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

PATH has been the subject of a number of research reports. Needham & Company LLC reissued a "hold" rating on shares of UiPath in a research report on Thursday, December 4th. Wells Fargo & Company upped their price objective on UiPath from $12.00 to $14.00 and gave the company an "equal weight" rating in a research report on Thursday, December 4th. Evercore ISI upped their price target on shares of UiPath from $15.00 to $17.00 and gave the stock an "in-line" rating in a research report on Thursday, December 4th. UBS Group reaffirmed a "neutral" rating on shares of UiPath in a research note on Thursday, December 4th. Finally, DA Davidson boosted their price objective on UiPath from $12.00 to $15.00 and gave the stock a "neutral" rating in a research note on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $16.00.

Institutional Investors Weigh In On UiPath

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its stake in shares of UiPath by 48.0% in the second quarter. GAMMA Investing LLC now owns 2,989 shares of the company's stock worth $38,000 after buying an additional 969 shares during the last quarter. Green Alpha Advisors LLC raised its holdings in UiPath by 3.4% in the 4th quarter. Green Alpha Advisors LLC now owns 29,519 shares of the company's stock worth $484,000 after acquiring an additional 973 shares during the period. Covestor Ltd lifted its position in UiPath by 17.7% during the 3rd quarter. Covestor Ltd now owns 6,522 shares of the company's stock worth $87,000 after acquiring an additional 981 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in UiPath by 0.8% during the second quarter. Rockefeller Capital Management L.P. now owns 123,329 shares of the company's stock valued at $1,579,000 after acquiring an additional 1,033 shares during the period. Finally, Wealthfront Advisers LLC grew its position in shares of UiPath by 3.6% in the third quarter. Wealthfront Advisers LLC now owns 32,886 shares of the company's stock valued at $440,000 after purchasing an additional 1,149 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

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. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric.

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