Daniel Dines Sells 9,988 Shares of UiPath, Inc. (NYSE:PATH) 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 on Thursday, July 31st. The stock was sold at an average price of $12.00, for a total transaction of $119,856.00. Following the completion of the sale, the chief executive officer owned 4,598,388 shares of the company's stock, valued at $55,180,656. This represents a 0.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 stock was sold at an average price of $12.06, for a total transaction 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 transaction of $547,200.00.
• 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 transaction 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 transaction of $565,200.00.
• On Monday, July 21st, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $12.72, for a total transaction 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 transaction 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 transaction 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 stock was sold at an average price of $12.44, for a total transaction 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 transaction of $571,950.00.

UiPath Trading Down 5.4%

UiPath stock traded down $0.64 during mid-day trading on Friday, reaching $11.11. The company had a trading volume of 19,228,927 shares, compared to its average volume of 12,787,786. UiPath, Inc. has a fifty-two week low of $9.38 and a fifty-two week high of $15.93. The company has a market cap of $5.94 billion, a P/E ratio of -92.58, a P/E/G ratio of 15.39 and a beta of 1.03. The business has a fifty day simple moving average of $12.65 and a 200 day simple moving average of $12.39.

UiPath (NYSE:PATH - Get Free Report) last announced its quarterly 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. 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 analyst estimates of $332.17 million. During the same period last year, the firm posted $0.13 earnings per share. The business's revenue for the quarter was up 6.4% on a year-over-year basis. Research analysts forecast that UiPath, Inc. will post -0.17 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on PATH. Mizuho decreased their price target on shares of UiPath from $12.00 to $11.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Wells Fargo & Company restated an "equal weight" rating on shares of UiPath in a research report on Friday, May 30th. Canaccord Genuity Group set a $16.00 target price on shares of UiPath and gave the stock a "buy" rating in a research report on Monday, June 2nd. Morgan Stanley increased their target price on shares of UiPath from $12.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Finally, Royal Bank Of Canada upped their price target on shares of UiPath from $13.00 to $15.00 and gave the stock a "sector perform" rating in a report on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $13.83.

Institutional Investors Weigh In On UiPath

A number of institutional investors have recently added to or reduced their stakes in PATH. Teacher Retirement System of Texas boosted its holdings in UiPath by 6.1% in the second quarter. Teacher Retirement System of Texas now owns 83,275 shares of the company's stock valued at $1,066,000 after acquiring an additional 4,790 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of UiPath during the 2nd quarter worth $3,392,000. Brighton Jones LLC bought a new position in UiPath in the 2nd quarter worth about $698,000. Focus Partners Advisor Solutions LLC boosted its stake in UiPath by 135.6% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 54,905 shares of the company's stock worth $703,000 after purchasing an additional 31,604 shares during the period. Finally, AlphaQuest LLC raised its holdings in shares of UiPath by 863.9% in the 2nd quarter. AlphaQuest LLC now owns 42,847 shares of the company's stock valued at $548,000 after acquiring an additional 38,402 shares in the last quarter. 62.50% of the stock is 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.

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