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

UiPath, Inc. (NYSE:PATH - Get Free Report) CEO Daniel Dines sold 45,000 shares of the firm's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $12.71, for a total value of $571,950.00. Following the sale, the chief executive officer directly owned 5,193,376 shares in the company, valued at approximately $66,007,808.96. This represents a 0.86% decrease in their ownership of the stock. The transaction 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 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 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 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 shares were sold at an average price of $12.78, for a total transaction of $575,100.00.
• On Friday, June 27th, 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.
• On Wednesday, June 25th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $12.55, for a total value of $564,750.00.
• On Monday, June 23rd, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $12.10, for a total value of $544,500.00.

UiPath Price Performance

Shares of NYSE:PATH traded up $0.12 during trading hours on Monday, hitting $12.47. 9,710,152 shares of the company's stock traded hands, compared to its average volume of 10,288,084. The firm has a market capitalization of $6.67 billion, a P/E ratio of -103.87, a price-to-earnings-growth ratio of 16.18 and a beta of 1.04. The business has a fifty day moving average price of $12.73 and a 200-day moving average price of $12.46. UiPath, Inc. has a 1 year low of $9.38 and a 1 year high of $15.93.

UiPath (NYSE:PATH - Get Free Report) last issued its quarterly earnings results 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. 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%. UiPath's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $0.13 EPS. As a group, equities analysts predict that UiPath, Inc. will post -0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PATH shares. Wells Fargo & Company restated an "equal weight" rating on shares of UiPath in a report on Friday, May 30th. Evercore ISI boosted their price target on shares of UiPath from $11.00 to $15.00 and gave the stock an "in-line" rating in a research report on Friday, May 30th. Canaccord Genuity Group set a $16.00 price target on shares of UiPath and gave the company a "buy" rating in a research note on Monday, June 2nd. Barclays reissued an "equal weight" rating on shares of UiPath in a research note on Friday, May 30th. Finally, Truist Financial upped their target price on shares of UiPath from $12.00 to $13.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $13.83.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in UiPath by 3.0% in the first quarter. Vanguard Group Inc. now owns 48,061,096 shares of the company's stock worth $495,029,000 after acquiring an additional 1,396,972 shares during the period. Senvest Management LLC raised 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 valued at $178,890,000 after purchasing an additional 3,180,300 shares in the last quarter. AQR Capital Management LLC lifted its position 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of UiPath by 10.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,132,003 shares of the company's stock worth $63,164,000 after purchasing an additional 602,866 shares during the period. Finally, Federated Hermes Inc. boosted its stake in shares of UiPath by 479.3% during the first quarter. Federated Hermes Inc. now owns 5,720,096 shares of the company's stock valued at $58,917,000 after purchasing an additional 4,732,712 shares in the last quarter. 62.50% of the stock is currently owned by 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.