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

Key Points

• UiPath CEO Daniel Dines sold 45,000 shares on Jan. 26 at an average price of $15.01 for $675,450, part of a string of similar sales in Dec–Jan; he still owns about 27,893,585 shares (a 0.16% reduction).
• Shares traded around $14.91 with a 50-day moving average of $15.77 and a market cap near $7.97 billion, inside a one-year range of $9.38–$19.84.
• UiPath recently beat quarterly EPS and revenue estimates (revenue +15.9% YoY), but analysts on average rate the stock as a "Hold" with a $16 average price target and expect -$0.17 EPS for the current year.

UiPath, Inc. (NYSE:PATH - Get Free Report) CEO Daniel Dines sold 45,000 shares of the company's stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $15.01, for a total transaction of $675,450.00. Following the transaction, the chief executive officer owned 27,893,585 shares in the company, valued at $418,682,710.85. This represents a 0.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, January 22nd, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $15.02, for a total transaction of $675,900.00.
• On Wednesday, January 14th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $15.68, for a total transaction of $705,600.00.
• On Monday, January 12th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.61, for a total transaction of $747,450.00.
• On Friday, January 9th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $17.17, for a total transaction of $772,650.00.
• On Wednesday, January 7th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $17.32, for a total value of $779,400.00.
• On Monday, January 5th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $15.73, for a total value of $707,850.00.
• On Friday, January 2nd, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.38, for a total value of $737,100.00.
• On Wednesday, December 31st, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.55, for a total value of $744,750.00.
• On Monday, December 29th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.44, for a total value of $739,800.00.
• On Friday, December 26th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.90, for a total value of $760,500.00.

UiPath Stock Performance

Shares of NYSE PATH traded up $0.11 during midday trading on Monday, hitting $14.91. 25,860,775 shares of the company's stock traded hands, compared to its average volume of 27,265,063. The firm has a fifty day moving average of $15.77 and a 200 day moving average of $13.97. UiPath, Inc. has a 1 year low of $9.38 and a 1 year high of $19.84. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of 35.50, a price-to-earnings-growth ratio of 4.34 and a beta of 1.08.

UiPath (NYSE:PATH - Get Free Report) last announced its earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. UiPath had a net margin of 14.79% and a return on equity of 3.73%. The company had revenue of $411.11 million during the quarter, compared to analyst estimates of $392.46 million. During the same period in the previous year, the business posted $0.11 earnings per share. The firm's quarterly revenue was up 15.9% compared to the same quarter last year. On average, equities analysts anticipate that UiPath, Inc. will post -0.17 earnings per share for the current year.

Analyst Ratings Changes

PATH has been the topic of a number of recent research reports. Barclays raised their target price on UiPath from $16.00 to $18.00 and gave the stock an "equal weight" rating in a report on Monday, January 12th. BMO Capital Markets upped their price target on UiPath from $13.00 to $17.00 and gave the stock a "market perform" rating in a research report on Thursday, December 4th. Mizuho lifted their price objective on UiPath from $14.00 to $15.00 and gave the company a "neutral" rating in a research report on Thursday, December 4th. Evercore ISI boosted their price objective on UiPath from $15.00 to $17.00 and gave the company an "in-line" rating in a research note on Thursday, December 4th. Finally, Wells Fargo & Company raised their target price on shares of UiPath from $12.00 to $14.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $16.00.

Hedge Funds Weigh In On UiPath

Hedge funds have recently modified their holdings of the stock. Merit Financial Group LLC grew its stake in UiPath by 135.2% during the fourth quarter. Merit Financial Group LLC now owns 73,519 shares of the company's stock valued at $1,205,000 after acquiring an additional 42,258 shares in the last quarter. CWM LLC boosted its holdings in shares of UiPath by 6.4% during the 4th quarter. CWM LLC now owns 213,121 shares of the company's stock valued at $3,493,000 after purchasing an additional 12,904 shares during the last quarter. PFG Investments LLC boosted its holdings in shares of UiPath by 33.5% during the 4th quarter. PFG Investments LLC now owns 13,958 shares of the company's stock valued at $229,000 after purchasing an additional 3,500 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of UiPath by 657.5% during the fourth quarter. Farther Finance Advisors LLC now owns 15,870 shares of the company's stock valued at $260,000 after purchasing an additional 13,775 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of UiPath in the fourth quarter worth about $686,000. Hedge funds and other institutional investors own 62.50% of the company's stock.

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. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric.

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