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

Key Points

• UiPath CEO Daniel Dines sold a total of 45,000 shares at an average price of $12.06, resulting in a transaction value of $542,700, which decreased his ownership stake by 0.97%.
• The company's stock has seen a trading volume of approximately 23.1 million shares, with current trading at $11.99, marking a 1-year low of $9.38 and a high of $15.93.
• Despite a positive earnings report beating estimates, UiPath has a negative net margin of 4.65% and a PE ratio of -99.91, with analysts maintaining a consensus "Hold" rating and an average price target of $13.83.

UiPath, Inc. (NYSE:PATH - Get Free Report) CEO Daniel Dines sold 45,000 shares of the company's stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $12.06, for a total value of $542,700.00. Following the transaction, the chief executive officer directly owned 4,608,376 shares of the company's stock, valued at approximately $55,577,014.56. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, July 28th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $12.16, for a total value of $547,200.00.
• On Friday, July 25th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $12.25, for a total value of $551,250.00.
• On Wednesday, July 23rd, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $12.56, for a total value of $565,200.00.
• On Monday, July 21st, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $12.72, for a total value of $572,400.00.
• On Friday, July 18th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $12.38, for a total value 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 shares were 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 shares were 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 shares were sold at an average price of $13.17, for a total value of $592,650.00.

UiPath Price Performance

PATH traded down $0.64 during trading on Friday, reaching $11.11. 19,222,738 shares of the stock were exchanged, compared to its average volume of 11,852,323. UiPath, Inc. has a 1 year low of $9.38 and a 1 year high of $15.93. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of -92.58, a P/E/G ratio of 15.73 and a beta of 1.04. The business's 50 day moving average price is $12.65 and its two-hundred day moving average price is $12.39.

UiPath (NYSE:PATH - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The firm had revenue of $356.62 million during the quarter, compared to analyst estimates of $332.17 million. UiPath had a negative return on equity of 3.05% and a negative net margin of 4.65%. The business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 earnings per share. On average, analysts anticipate that UiPath, Inc. will post -0.17 EPS for the current year.

Institutional Investors Weigh In On UiPath

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC boosted its position in shares of UiPath by 3.7% in the fourth quarter. Tidal Investments LLC now owns 22,487 shares of the company's stock worth $286,000 after buying an additional 797 shares during the period. True Wealth Design LLC lifted its holdings in shares of UiPath by 18.4% in the 4th quarter. True Wealth Design LLC now owns 5,163 shares of the company's stock worth $66,000 after purchasing an additional 801 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of UiPath by 48.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,989 shares of the company's stock worth $38,000 after purchasing an additional 969 shares during the last quarter. United Capital Financial Advisors LLC lifted its holdings in shares of UiPath by 8.6% in the 4th quarter. United Capital Financial Advisors LLC now owns 12,238 shares of the company's stock worth $156,000 after purchasing an additional 971 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in UiPath by 6.8% in the 4th quarter. NewEdge Advisors LLC now owns 15,809 shares of the company's stock valued at $201,000 after acquiring an additional 1,003 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PATH. Mizuho cut their target price on UiPath from $12.00 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Royal Bank Of Canada lifted their price target on UiPath from $13.00 to $15.00 and gave the stock a "sector perform" rating in a research report on Friday, May 30th. Wall Street Zen raised UiPath from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Canaccord Genuity Group set a $16.00 price target on UiPath and gave the stock a "buy" rating in a research report on Monday, June 2nd. Finally, Barclays reaffirmed an "equal weight" rating on shares of UiPath in a research report on Friday, May 30th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average 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.