UiPath, Inc. (NYSE:PATH) CEO Sells $565,200.00 in Stock

UiPath, Inc. (NYSE:PATH - Get Free Report) CEO Daniel Dines sold 45,000 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $12.56, for a total value of $565,200.00. Following the sale, the chief executive officer directly owned 4,833,376 shares in the company, valued at $60,707,202.56. This trade represents a 0.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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 transaction 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 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 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.
• 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 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 stock was 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 stock was sold at an average price of $12.78, for a total transaction of $575,100.00.

UiPath Trading Down 0.5%

Shares of NYSE PATH traded down $0.07 during mid-day trading on Friday, reaching $12.26. The company had a trading volume of 7,630,084 shares, compared to its average volume of 11,588,974. The firm has a 50 day simple moving average of $12.70 and a two-hundred day simple moving average of $12.43. The stock has a market cap of $6.56 billion, a P/E ratio of -102.12, a PEG ratio of 16.53 and a beta of 1.04. UiPath, Inc. has a 52-week low of $9.38 and a 52-week high of $15.93.

UiPath (NYSE:PATH - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $356.62 million for the quarter, compared to the consensus estimate of $332.17 million. During the same period last year, the firm posted $0.13 EPS. UiPath's revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities analysts expect that UiPath, Inc. will post -0.17 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PATH shares. Royal Bank Of Canada boosted their target price on shares of UiPath from $13.00 to $15.00 and gave the stock a "sector perform" rating 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 stock a "sector perform" rating in a research note on Friday, May 30th. BMO Capital Markets upped their price objective on shares of UiPath from $11.50 to $15.50 and gave the company a "market perform" rating in a research note on Friday, May 30th. Barclays reaffirmed an "equal weight" rating on shares of UiPath in a research note on Friday, May 30th. Finally, Evercore ISI upped their price objective on shares of UiPath from $11.00 to $15.00 and gave the company an "in-line" rating in a research note on Friday, May 30th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $13.83.

Institutional Inflows and Outflows

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

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.