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

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 stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $12.06, for a total value of $542,700.00. Following the sale, the chief executive officer directly owned 4,608,376 shares in the company, valued at $55,577,014.56. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, July 31st, Daniel Dines sold 9,988 shares of UiPath stock. The stock was sold at an average price of $12.00, for a total value of $119,856.00.
• On Monday, July 28th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 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 stock was 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.

UiPath Stock Performance

NYSE:PATH traded down $0.64 during trading hours on Friday, reaching $11.11. The stock had a trading volume of 19,228,927 shares, compared to its average volume of 12,787,786. UiPath, Inc. has a 52 week low of $9.38 and a 52 week high of $15.93. The company has a 50 day moving average price of $12.63 and a two-hundred day moving average price of $12.37. The stock has a market capitalization of $5.94 billion, a PE ratio of -92.58, a PEG ratio of 14.55 and a beta of 1.03.

UiPath (NYSE:PATH - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The company reported $0.11 earnings per share (EPS) for the quarter, topping 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 business had revenue of $356.62 million for the quarter, compared to the consensus estimate of $332.17 million. During the same quarter in the previous year, the company posted $0.13 EPS. The company's revenue was up 6.4% compared to the same quarter last year. Equities research analysts predict that UiPath, Inc. will post -0.17 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Truist Financial raised their price objective on UiPath from $12.00 to $13.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. Mizuho decreased their price objective on UiPath from $12.00 to $11.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Royal Bank Of Canada raised their price objective on UiPath from $13.00 to $15.00 and gave the stock a "sector perform" rating in a research note on Friday, May 30th. DA Davidson raised UiPath to a "hold" rating in a research note on Tuesday, July 22nd. Finally, Needham & Company LLC reissued a "hold" rating on shares of UiPath in a research note on Friday, May 30th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $13.83.

Institutional Trading of UiPath

A number of large investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of UiPath in the 4th quarter worth approximately $71,191,000. Federated Hermes Inc. boosted its holdings in shares of UiPath by 479.3% in the 1st quarter. Federated Hermes Inc. now owns 5,720,096 shares of the company's stock worth $58,917,000 after purchasing an additional 4,732,712 shares during the period. Senvest Management LLC boosted its holdings in shares of UiPath by 29.2% in the 4th quarter. Senvest Management LLC now owns 14,074,783 shares of the company's stock worth $178,890,000 after purchasing an additional 3,180,300 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of UiPath by 222.6% in the 1st quarter. Acadian Asset Management LLC now owns 4,241,047 shares of the company's stock worth $43,667,000 after purchasing an additional 2,926,263 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of UiPath by 45.3% in the 4th quarter. AQR Capital Management LLC now owns 6,646,320 shares of the company's stock worth $84,209,000 after purchasing an additional 2,072,089 shares during the period. Institutional investors own 62.50% of the company's stock.

UiPath Company Profile

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.