UiPath, Inc. (NYSE:PATH - Get Free Report) CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $12.78, for a total value of $575,100.00. Following the sale, the chief executive officer now owns 5,598,376 shares in the company, valued at $71,547,245.28. This represents a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 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 shares were sold at an average price of $12.10, for a total transaction of $544,500.00.
UiPath Stock Down 0.4%
Shares of PATH stock traded down $0.05 during trading hours on Friday, reaching $12.72. The stock had a trading volume of 16,069,753 shares, compared to its average volume of 10,426,920. The firm has a 50-day simple moving average of $12.35 and a 200-day simple moving average of $12.53. UiPath, Inc. has a twelve month low of $9.38 and a twelve month high of $15.93.
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 company had revenue of $356.62 million for the quarter, compared to analysts' expectations of $332.17 million. UiPath had a negative return on equity of 3.05% and a negative net margin of 4.65%. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 earnings per share. As a group, sell-side analysts predict that UiPath, Inc. will post -0.17 EPS for the current year.
Analysts Set New Price Targets
A number of equities analysts recently commented on PATH shares. Needham & Company LLC reiterated a "hold" rating on shares of UiPath in a research note on Friday, May 30th. Barclays reaffirmed an "equal weight" rating on shares of UiPath in a report on Friday, May 30th. Wells Fargo & Company reiterated an "equal weight" rating on shares of UiPath in a report on Friday, May 30th. Evercore ISI raised their price objective on UiPath from $11.00 to $15.00 and gave the stock an "in-line" rating in a research note on Friday, May 30th. Finally, UBS Group lowered their target price 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. 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, UiPath presently has an average rating of "Hold" and a consensus price target of $13.83.
Read Our Latest Analysis on PATH
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. Jackson Creek Investment Advisors LLC bought a new stake in shares of UiPath during the fourth quarter valued at about $298,000. Bank of New York Mellon Corp increased its stake in UiPath by 2.8% during the 4th quarter. Bank of New York Mellon Corp now owns 2,437,756 shares of the company's stock valued at $30,984,000 after buying an additional 66,100 shares during the period. Vestmark Advisory Solutions Inc. raised its position in shares of UiPath by 27.6% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 353,993 shares of the company's stock worth $4,499,000 after buying an additional 76,647 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of UiPath during the 4th quarter worth about $307,000. Finally, Invesco Ltd. lifted its stake in shares of UiPath by 10.5% in the 4th quarter. Invesco Ltd. now owns 382,800 shares of the company's stock worth $4,865,000 after acquiring an additional 36,332 shares during the period. Institutional investors and hedge funds own 62.50% of the company's stock.
About UiPath
(
Get Free Report)
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.
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