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

UiPath, Inc. (NYSE:PATH - Get Free Report) CEO Daniel Dines sold 45,000 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $12.78, for a total transaction of $575,100.00. Following the completion of the sale, the chief executive officer directly owned 5,598,376 shares of the company's stock, valued at approximately $71,547,245.28. This trade represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 value of $564,750.00.
• On Monday, June 23rd, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $12.10, for a total value of $544,500.00.

UiPath Stock Performance

PATH stock traded up $0.07 during trading on Monday, reaching $12.80. 8,484,548 shares of the company traded hands, compared to its average volume of 11,627,991. The business has a 50 day simple moving average of $12.39 and a 200 day simple moving average of $12.49. UiPath, Inc. has a 12 month low of $9.38 and a 12 month high of $15.93. The company has a market capitalization of $6.85 billion, a price-to-earnings ratio of -106.66, a price-to-earnings-growth ratio of 16.68 and a beta of 1.06.

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

Institutional Investors Weigh In On UiPath

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CIBC Asset Management Inc increased its stake in UiPath by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 14,741 shares of the company's stock valued at $187,000 after purchasing an additional 736 shares in the last quarter. Tidal Investments LLC increased its position in shares of UiPath by 3.7% in the 4th quarter. Tidal Investments LLC now owns 22,487 shares of the company's stock valued at $286,000 after acquiring an additional 797 shares during the period. True Wealth Design LLC lifted its position in UiPath by 18.4% during the 4th quarter. True Wealth Design LLC now owns 5,163 shares of the company's stock worth $66,000 after acquiring an additional 801 shares during the period. First Horizon Advisors Inc. grew its stake in UiPath by 47.8% during the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company's stock valued at $32,000 after purchasing an additional 804 shares during the last quarter. Finally, Amalgamated Bank increased its holdings in shares of UiPath by 3.1% in the fourth quarter. Amalgamated Bank now owns 28,148 shares of the company's stock valued at $358,000 after purchasing an additional 836 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PATH has been the subject of several recent analyst reports. UBS Group dropped their price objective on shares of UiPath from $14.00 to $10.00 and set a "sell" rating for the company in a research note on Thursday, March 13th. Scotiabank upped their price target on shares of UiPath from $12.00 to $13.00 and gave the company a "sector perform" rating in a report on Friday, May 30th. Royal Bank Of Canada raised their price objective 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. BMO Capital Markets upped their target price on UiPath from $11.50 to $15.50 and gave the company a "market perform" rating in a research note on Friday, May 30th. Finally, Wells Fargo & Company reissued an "equal weight" rating on shares of UiPath in a research note on Friday, May 30th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.