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

by · The Cerbat Gem

UiPath, Inc. (NYSE:PATH – Get Free Report) CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $16.44, for a total transaction of $739,800.00. Following the completion of the sale, the chief executive officer directly owned 28,568,585 shares in the company, valued at approximately $469,667,537.40. This represents a 0.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Friday, December 26th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.90, for a total transaction of $760,500.00.
  • On Wednesday, December 24th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.91, for a total value of $760,950.00.
  • On Monday, December 22nd, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.49, for a total value of $742,050.00.
  • On Friday, December 19th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.07, for a total value of $723,150.00.
  • On Wednesday, December 17th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.11, for a total transaction of $724,950.00.
  • On Monday, December 15th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $17.30, for a total transaction of $778,500.00.
  • On Friday, December 12th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $17.91, for a total transaction of $805,950.00.
  • On Wednesday, December 10th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $18.61, for a total transaction of $837,450.00.
  • On Monday, December 8th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $19.21, for a total transaction of $864,450.00.
  • On Wednesday, November 5th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $15.07, for a total transaction of $678,150.00.

UiPath Stock Performance

PATH stock traded down $0.01 during midday trading on Monday, reaching $16.83. 33,671,716 shares of the company’s stock traded hands, compared to its average volume of 15,787,343. The firm has a market capitalization of $9.00 billion, a PE ratio of 40.06, a price-to-earnings-growth ratio of 5.09 and a beta of 1.10. The company has a 50-day moving average price of $15.53 and a two-hundred day moving average price of $13.52. UiPath, Inc. has a 52 week low of $9.38 and a 52 week high of $19.84.

UiPath (NYSE:PATH – Get Free Report) last announced its quarterly earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $411.11 million during the quarter, compared to analysts’ expectations of $392.46 million. UiPath had a return on equity of 3.73% and a net margin of 14.79%.The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 earnings per share. As a group, analysts predict that UiPath, Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PATH has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UiPath in a research note on Monday, December 22nd. UBS Group restated a “neutral” rating on shares of UiPath in a research report on Thursday, December 4th. DA Davidson upped their price target on shares of UiPath from $12.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Mizuho lifted their price objective on UiPath from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Finally, Royal Bank Of Canada boosted their target price on UiPath from $16.00 to $19.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 10th. One equities research analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $16.00.

View Our Latest Stock Report on PATH

Hedge Funds Weigh In On UiPath

Several institutional investors and hedge funds have recently made changes to their positions in PATH. Vanguard Group Inc. lifted its stake in UiPath by 4.9% in the third quarter. Vanguard Group Inc. now owns 47,895,884 shares of the company’s stock worth $640,847,000 after purchasing an additional 2,251,434 shares during the last quarter. TFG Asset Management GP Ltd grew its stake in shares of UiPath by 53.3% during the second quarter. TFG Asset Management GP Ltd now owns 13,722,244 shares of the company’s stock valued at $175,645,000 after buying an additional 4,772,244 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of UiPath by 76.0% in the second quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock worth $145,732,000 after buying an additional 4,926,341 shares during the period. Federated Hermes Inc. lifted its stake in shares of UiPath by 40.7% in the 2nd quarter. Federated Hermes Inc. now owns 8,048,321 shares of the company’s stock valued at $103,019,000 after acquiring an additional 2,328,225 shares during the last quarter. Finally, State Street Corp boosted its holdings in UiPath by 5.0% during the 2nd quarter. State Street Corp now owns 8,032,345 shares of the company’s stock valued at $102,814,000 after acquiring an additional 378,851 shares during the period. Institutional investors own 62.50% of the company’s stock.

UiPath Company Profile

(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. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric.

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