UiPath, Inc. (NYSE:PATH) CEO Sells $589,950.00 in Stock

UiPath, Inc. (NYSE:PATH - Get Free Report) CEO Daniel Dines sold 45,000 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $13.11, for a total transaction of $589,950.00. Following the transaction, the chief executive officer directly owned 5,373,376 shares in the company, valued at approximately $70,444,959.36. The trade was a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 transaction of $592,650.00.
• On Wednesday, July 2nd, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $12.54, for a total transaction 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 transaction 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 transaction 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 transaction of $564,750.00.
• On Monday, June 23rd, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $12.10, for a total transaction of $544,500.00.

UiPath Price Performance

Shares of NYSE:PATH traded down $0.43 during trading on Thursday, hitting $12.90. 6,106,188 shares of the company were exchanged, compared to its average volume of 10,311,763. The stock has a market capitalization of $6.90 billion, a P/E ratio of -107.47, a PEG ratio of 17.32 and a beta of 1.04. UiPath, Inc. has a 12-month low of $9.38 and a 12-month high of $15.93. The firm's 50 day moving average price is $12.69 and its 200-day moving average price is $12.48.

UiPath (NYSE:PATH - Get Free Report) last announced 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 business had revenue of $356.62 million for the quarter, compared to analysts' expectations of $332.17 million. UiPath had a negative net margin of 4.65% and a negative return on equity of 3.05%. The company's quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 EPS. As a group, equities research analysts anticipate that UiPath, Inc. will post -0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PATH shares. BMO Capital Markets lifted their price target on shares of UiPath from $11.50 to $15.50 and gave the company a "market perform" rating in a research report on Friday, May 30th. Needham & Company LLC restated a "hold" rating on shares of UiPath in a report on Friday, May 30th. Scotiabank lifted their price objective 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. UBS Group dropped their price objective on shares of UiPath from $14.00 to $10.00 and set a "sell" rating for the company in a report on Thursday, March 13th. Finally, Bank of America restated an "underperform" rating and issued a $10.00 price objective (down previously from $18.00) on shares of UiPath in a report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $13.83.

Hedge Funds Weigh In On UiPath

A number of institutional investors and hedge funds have recently made changes to their positions in PATH. Bank of New York Mellon Corp grew its stake in shares of UiPath by 2.8% during the 4th quarter. Bank of New York Mellon Corp now owns 2,437,756 shares of the company's stock worth $30,984,000 after purchasing an additional 66,100 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of UiPath in the 4th quarter worth about $307,000. Smartleaf Asset Management LLC boosted its position in shares of UiPath by 88.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock worth $31,000 after buying an additional 1,152 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of UiPath by 409.3% in the 4th quarter. Jones Financial Companies Lllp now owns 12,743 shares of the company's stock worth $162,000 after buying an additional 10,241 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of UiPath by 99.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,807 shares of the company's stock worth $74,000 after buying an additional 2,900 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

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.