UiPath, Inc. (NYSE:PATH) CEO Sells $544,500.00 in Stock

UiPath, Inc. (NYSE:PATH) CEO Daniel Dines sold 45,000 shares of the business’s stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $12.10, for a total value of $544,500.00. Following the completion of the sale, the chief executive officer now owns 5,778,376 shares in the company, valued at $69,918,349.60. This represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

UiPath Trading Up 0.5%

Shares of NYSE PATH traded up $0.06 during midday trading on Monday, hitting $12.24. 6,592,186 shares of the company’s stock were exchanged, compared to its average volume of 10,447,516. The business’s fifty day moving average price is $12.19 and its two-hundred day moving average price is $12.56. The company has a market cap of $6.55 billion, a price-to-earnings ratio of -101.99, a PEG ratio of 15.96 and a beta of 1.06. UiPath, Inc. has a 12-month low of $9.38 and a 12-month high of $15.93.

UiPath (NYSE:PATH) last released 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. The business had revenue of $356.62 million during 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 business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.13 EPS. Equities analysts expect that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Real Talk Capital LLC bought a new position in UiPath during the first quarter valued at approximately $120,000. Acadian Asset Management LLC grew its holdings in shares of UiPath by 222.6% during the 1st quarter. Acadian Asset Management LLC now owns 4,241,047 shares of the company’s stock valued at $43,667,000 after purchasing an additional 2,926,263 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in UiPath by 5.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,477,730 shares of the company’s stock worth $15,221,000 after purchasing an additional 75,737 shares during the period. Woodline Partners LP lifted its stake in UiPath by 69.6% in the first quarter. Woodline Partners LP now owns 22,566 shares of the company’s stock worth $232,000 after purchasing an additional 9,257 shares during the last quarter. Finally, Great Lakes Advisors LLC purchased a new stake in UiPath during the first quarter valued at about $3,165,000. Institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

PATH has been the subject of several recent research reports. BMO Capital Markets lifted their target price on shares of UiPath from $11.50 to $15.50 and gave the stock a “market perform” rating in a research note on Friday, May 30th. Morgan Stanley lifted their price objective on shares of UiPath from $12.00 to $15.00 and gave the company an “equal weight” rating in a research note on Monday, June 2nd. Canaccord Genuity Group set a $16.00 target price on UiPath and gave the stock a “buy” rating in a research report on Monday, June 2nd. UBS Group reduced their price target on UiPath from $14.00 to $10.00 and set a “sell” rating for the company in a research report on Thursday, March 13th. Finally, Truist Financial increased their price objective on UiPath from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Friday, May 30th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, UiPath currently has a consensus 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.