Insider Selling: UiPath, Inc. (NYSE:PATH) CEO Sells 45,000 Shares of Stock

UiPath, Inc. (NYSE:PATH - Get Free Report) CEO Daniel Dines sold 45,000 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $12.43, for a total transaction of $559,350.00. Following the completion of the sale, the chief executive officer directly owned 5,058,376 shares of the company's stock, valued at approximately $62,875,613.68. This trade represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 transaction 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 transaction of $571,950.00.
• On Wednesday, July 9th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $13.17, for a total transaction of $592,650.00.
• On Monday, July 7th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $13.11, for a total transaction of $589,950.00.
• On Wednesday, July 2nd, Daniel Dines sold 45,000 shares of UiPath stock. The shares were 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 stock was sold at an average price of $12.10, for a total transaction of $544,500.00.

UiPath Price Performance

Shares of PATH traded up $0.01 during mid-day trading on Wednesday, reaching $12.39. The stock had a trading volume of 7,388,804 shares, compared to its average volume of 10,299,822. UiPath, Inc. has a 52-week low of $9.38 and a 52-week high of $15.93. The business's fifty day moving average is $12.74 and its 200 day moving average is $12.46. The firm has a market cap of $6.63 billion, a price-to-earnings ratio of -103.22, a P/E/G ratio of 16.35 and a beta of 1.04.

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

Institutional Investors Weigh In On UiPath

Hedge funds have recently modified their holdings of the company. Clear Creek Financial Management LLC purchased a new position in UiPath during the first quarter worth about $266,000. Invesco Ltd. boosted its stake in UiPath by 10.5% during the fourth quarter. Invesco Ltd. now owns 382,800 shares of the company's stock worth $4,865,000 after buying an additional 36,332 shares during the period. Pallas Capital Advisors LLC boosted its stake in UiPath by 32.2% during the first quarter. Pallas Capital Advisors LLC now owns 84,776 shares of the company's stock worth $873,000 after buying an additional 20,667 shares during the period. Deutsche Bank AG boosted its stake in UiPath by 280.3% during the fourth quarter. Deutsche Bank AG now owns 1,505,585 shares of the company's stock worth $19,136,000 after buying an additional 1,109,669 shares during the period. Finally, Norges Bank purchased a new position in UiPath in the fourth quarter worth approximately $71,191,000. Hedge funds and other institutional investors own 62.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PATH. BMO Capital Markets lifted their price objective on shares of UiPath from $11.50 to $15.50 and gave the stock a "market perform" rating in a research report on Friday, May 30th. Mizuho dropped their price objective on shares of UiPath from $12.00 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company reiterated an "equal weight" rating on shares of UiPath in a research note on Friday, May 30th. Scotiabank boosted their target price on shares of UiPath from $12.00 to $13.00 and gave the company a "sector perform" rating in a research note on Friday, May 30th. Finally, Truist Financial upped their price objective on shares of UiPath from $12.00 to $13.00 and gave the stock a "hold" rating in a research report on Friday, May 30th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price 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.

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