UiPath, Inc. (NYSE:PATH) CEO Sells $571,950.00 in Stock

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 Friday, July 11th. The shares were sold at an average price of $12.71, for a total transaction of $571,950.00. Following the sale, the chief executive officer owned 5,193,376 shares in the company, valued at $66,007,808.96. The trade was a 0.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• 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.
• 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 stock was sold at an average price of $12.55, for a total transaction 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 transaction of $544,500.00.

UiPath Stock Performance

Shares of PATH stock traded down $0.53 during trading hours on Friday, reaching $12.36. The company had a trading volume of 5,898,711 shares, compared to its average volume of 10,291,978. The business has a fifty day moving average price of $12.72 and a 200-day moving average price of $12.47. UiPath, Inc. has a one year low of $9.38 and a one year high of $15.93. The firm has a market cap of $6.61 billion, a PE ratio of -102.99, a price-to-earnings-growth ratio of 16.89 and a beta of 1.04.

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

Institutional Trading of UiPath

A number of large investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its position in UiPath by 88.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock valued at $31,000 after buying an additional 1,152 shares during the period. Jones Financial Companies Lllp grew its position in UiPath by 409.3% during the fourth quarter. Jones Financial Companies Lllp now owns 12,743 shares of the company's stock valued at $162,000 after buying an additional 10,241 shares during the period. Steward Partners Investment Advisory LLC grew its position in UiPath by 99.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,807 shares of the company's stock valued at $74,000 after buying an additional 2,900 shares during the period. Proficio Capital Partners LLC purchased a new position in UiPath during the fourth quarter valued at approximately $307,000. Finally, Raymond James Financial Inc. purchased a new position in UiPath during the fourth quarter valued at approximately $5,506,000. 62.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Barclays reissued an "equal weight" rating on shares of UiPath in a report on Friday, May 30th. Mizuho cut their price target on shares of UiPath from $12.00 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Needham & Company LLC reissued a "hold" rating on shares of UiPath in a report on Friday, May 30th. Truist Financial raised their target price on shares of UiPath from $12.00 to $13.00 and gave the stock a "hold" rating in a research report on Friday, May 30th. Finally, BMO Capital Markets lifted their price target on shares of UiPath from $11.50 to $15.50 and gave the company a "market perform" rating in a research report on Friday, May 30th. Two 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $13.83.

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.