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 dated Monday, July 21st. The stock was sold at an average price of $12.72, for a total transaction of $572,400.00. Following the completion of the transaction, the chief executive officer owned 4,923,376 shares in the company, valued at approximately $62,625,342.72. The trade was a 0.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, July 18th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was 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 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 stock was sold at an average price of $12.43, for a total value 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 stock was sold at an average price of $12.71, for a total value of $571,950.00.
• 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 value of $592,650.00.
• On Monday, July 7th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $13.11, for a total value 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 value 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 value 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 value of $575,100.00.

UiPath Trading Up 0.9%

UiPath stock traded up $0.12 during midday trading on Tuesday, reaching $12.57. 23,905,235 shares of the stock traded hands, compared to its average volume of 10,493,035. The company has a 50-day simple moving average of $12.75 and a two-hundred day simple moving average of $12.45. UiPath, Inc. has a 12-month low of $9.38 and a 12-month high of $15.93. The firm has a market cap of $6.72 billion, a PE ratio of -104.70, a price-to-earnings-growth ratio of 16.49 and a beta of 1.04.

UiPath (NYSE:PATH - Get Free Report) last posted its quarterly earnings results 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 return on equity of 3.05% and a negative net margin of 4.65%. The company had revenue of $356.62 million for the quarter, compared to analyst estimates of $332.17 million. During the same quarter last year, the company earned $0.13 EPS. UiPath's revenue for the quarter was up 6.4% compared to the same quarter last year. Equities research analysts anticipate that UiPath, Inc. will post -0.17 earnings per share for the current year.

Analysts Set New Price Targets

PATH has been the subject of a number of recent research reports. Needham & Company LLC reissued a "hold" rating on shares of UiPath in a research report on Friday, May 30th. Scotiabank boosted their price target on UiPath from $12.00 to $13.00 and gave the company a "sector perform" rating in a report on Friday, May 30th. Mizuho decreased their price target on UiPath from $12.00 to $11.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Truist Financial boosted their price target on UiPath from $12.00 to $13.00 and gave the company a "hold" rating in a report on Friday, May 30th. Finally, Canaccord Genuity Group set a $16.00 target price on UiPath and gave the stock a "buy" rating in a research note on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued 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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Proficio Capital Partners LLC acquired a new position in shares of UiPath in the fourth quarter worth $307,000. Raymond James Financial Inc. acquired a new position in shares of UiPath in the fourth quarter worth $5,506,000. Corient Private Wealth LLC raised its holdings in shares of UiPath by 24.5% in the fourth quarter. Corient Private Wealth LLC now owns 17,133 shares of the company's stock worth $218,000 after acquiring an additional 3,374 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of UiPath by 72.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 35,970 shares of the company's stock worth $457,000 after acquiring an additional 15,089 shares during the last quarter. Finally, Xponance Inc. raised its holdings in shares of UiPath by 5.2% in the fourth quarter. Xponance Inc. now owns 53,192 shares of the company's stock worth $676,000 after acquiring an additional 2,630 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other 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.