UiPath, Inc. (NYSE:PATH) CEO Daniel Dines Sells 45,000 Shares

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

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

• 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $12.10, for a total transaction of $544,500.00.

UiPath Trading Up 1.1%

Shares of PATH stock traded up $0.14 during trading hours on Tuesday, hitting $13.30. The company's stock had a trading volume of 919,535 shares, compared to its average volume of 10,375,591. UiPath, Inc. has a twelve month low of $9.38 and a twelve month high of $15.93. The stock has a market cap of $7.12 billion, a price-to-earnings ratio of -110.78, a P/E/G ratio of 17.41 and a beta of 1.04. The business has a fifty day moving average of $12.63 and a 200-day moving average of $12.46.

UiPath (NYSE:PATH - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $0.11 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $332.17 million. During the same period last year, the company earned $0.13 EPS. The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities analysts expect that UiPath, Inc. will post -0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On UiPath

Several hedge funds have recently modified their holdings of PATH. Bank of New York Mellon Corp boosted 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 last quarter. Proficio Capital Partners LLC acquired a new stake in shares of UiPath during the 4th quarter worth about $307,000. Smartleaf Asset Management LLC boosted its stake in shares of UiPath by 88.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock worth $31,000 after purchasing an additional 1,152 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of UiPath by 409.3% during the 4th quarter. Jones Financial Companies Lllp now owns 12,743 shares of the company's stock worth $162,000 after purchasing an additional 10,241 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of UiPath by 99.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,807 shares of the company's stock worth $74,000 after purchasing an additional 2,900 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PATH shares. Evercore ISI increased their price target on shares of UiPath from $11.00 to $15.00 and gave the company an "in-line" rating in a report on Friday, May 30th. Royal Bank Of Canada increased their price target on shares of UiPath from $13.00 to $15.00 and gave the company a "sector perform" rating in a report on Friday, May 30th. DA Davidson upgraded shares of UiPath to a "hold" rating in a report on Monday, June 9th. Morgan Stanley increased their price target on shares of UiPath from $12.00 to $15.00 and gave the company an "equal weight" rating in a report on Monday, June 2nd. Finally, Wells Fargo & Company reiterated an "equal weight" rating on shares of UiPath in a report on Friday, May 30th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $13.83.

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.