Insider Selling: UiPath, Inc. (NYSE:PATH) CEO Sells 9,988 Shares of Stock

Key Points

• Daniel Dines, CEO of UiPath, sold 9,988 shares of the company's stock for a total of $119,856, decreasing his ownership by 0.22% to approximately 4.6 million shares.
• UiPath's stock experienced a 5.4% decline to $11.11, with a market capitalization of $5.94 billion and a fifty-two week trading range of $9.38 to $15.93.
• Institutional investors hold 62.50% of UiPath's stock, with significant increases in holdings from groups such as Teacher Retirement System of Texas and AlphaQuest LLC during the second quarter.

UiPath, Inc. (NYSE:PATH - Get Free Report) CEO Daniel Dines sold 9,988 shares of the company's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $12.00, for a total value of $119,856.00. Following the completion of the transaction, the chief executive officer owned 4,598,388 shares of the company's stock, valued at $55,180,656. The trade was a 0.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 stock was sold at an average price of $12.06, for a total value of $542,700.00.
• On Monday, July 28th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $12.16, for a total value of $547,200.00.
• On Friday, July 25th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was 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 stock was 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 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 shares were sold at an average price of $12.43, for a total transaction 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 shares were sold at an average price of $12.71, for a total value of $571,950.00.

UiPath Stock Performance

NYSE:PATH traded down $0.05 during mid-day trading on Tuesday, reaching $11.30. 3,444,793 shares of the company's stock were exchanged, compared to its average volume of 11,785,828. UiPath, Inc. has a one year low of $9.38 and a one year high of $15.93. The firm has a market capitalization of $6.04 billion, a PE ratio of -94.12, a price-to-earnings-growth ratio of 14.55 and a beta of 1.03. The business's fifty day simple moving average is $12.61 and its two-hundred day simple moving average is $12.35.

UiPath (NYSE:PATH - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The company reported $0.11 earnings per share (EPS) for the quarter, beating 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 company had revenue of $356.62 million for the quarter, compared to analyst estimates of $332.17 million. During the same period in the previous year, the firm posted $0.13 EPS. The firm's revenue was up 6.4% on a year-over-year basis. As a group, equities research analysts forecast that UiPath, Inc. will post -0.17 EPS for the current year.

Wall Street Analyst Weigh In

PATH has been the subject of several recent research reports. Barclays reiterated an "equal weight" rating on shares of UiPath in a research note on Friday, May 30th. Truist Financial increased their price target on shares of UiPath from $12.00 to $13.00 and gave the stock a "hold" rating in a report on Friday, May 30th. BMO Capital Markets increased their price target on shares of UiPath from $11.50 to $15.50 and gave the stock a "market perform" rating in a report on Friday, May 30th. Scotiabank increased their target price on shares of UiPath from $12.00 to $13.00 and gave the company a "sector perform" rating in a report on Friday, May 30th. Finally, Mizuho dropped their target price on shares of UiPath from $12.00 to $11.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, UiPath currently has a consensus rating of "Hold" and a consensus price target of $13.83.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans grew its position in UiPath by 72.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 35,970 shares of the company's stock valued at $457,000 after buying an additional 15,089 shares during the period. American Century Companies Inc. raised its stake in shares of UiPath by 103.7% during the fourth quarter. American Century Companies Inc. now owns 153,191 shares of the company's stock worth $1,947,000 after acquiring an additional 77,983 shares in the last quarter. Sei Investments Co. grew its holdings in shares of UiPath by 131.9% in the fourth quarter. Sei Investments Co. now owns 234,884 shares of the company's stock worth $2,985,000 after purchasing an additional 133,616 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in UiPath by 859.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 50,858 shares of the company's stock valued at $675,000 after acquiring an additional 45,558 shares in the last quarter. Finally, Norges Bank purchased a new position in UiPath during the fourth quarter valued at $71,191,000. Institutional investors and hedge funds 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.