UiPath, Inc. (NYSE:PATH – Get Free Report) CEO Daniel Dines sold 122,733 shares of the business’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $12.44, for a total transaction of $1,526,798.52. Following the completion of the sale, the chief executive officer directly owned 1,841,002 shares in the company, valued at approximately $22,902,064.88. This represents a 6.25% decrease in their position. The sale 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 Monday, September 22nd, Daniel Dines sold 122,733 shares of UiPath stock. The stock was sold at an average price of $12.20, for a total value of $1,497,342.60.
- On Friday, September 19th, Daniel Dines sold 122,733 shares of UiPath stock. The stock was sold at an average price of $11.92, for a total value of $1,462,977.36.
- On Wednesday, September 17th, Daniel Dines sold 122,733 shares of UiPath stock. The shares were sold at an average price of $11.71, for a total value of $1,437,203.43.
- On Wednesday, September 10th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $12.01, for a total value of $540,450.00.
- On Thursday, July 31st, Daniel Dines sold 9,988 shares of UiPath stock. The stock was sold at an average price of $12.00, for a total value of $119,856.00.
- On Wednesday, July 30th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $12.06, for a total transaction of $542,700.00.
- On Monday, July 28th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $12.16, for a total transaction of $547,200.00.
- On Friday, July 25th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $12.25, for a total transaction of $551,250.00.
- On Wednesday, July 23rd, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $12.56, for a total transaction of $565,200.00.
- On Monday, July 21st, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $12.72, for a total transaction of $572,400.00.
UiPath Stock Down 1.4%
PATH stock opened at $12.15 on Friday. The firm has a market cap of $6.45 billion, a price-to-earnings ratio of 404.83, a PEG ratio of 4.71 and a beta of 1.02. The company’s fifty day simple moving average is $11.52 and its 200 day simple moving average is $11.77. UiPath, Inc. has a 12-month low of $9.38 and a 12-month high of $15.93.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. Zacks Research upgraded UiPath from a “hold” rating to a “strong-buy” rating in a report on Monday, September 8th. Canaccord Genuity Group cut their target price on shares of UiPath from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, September 8th. Royal Bank Of Canada lifted their price target on shares of UiPath from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Friday, May 30th. Wall Street Zen upgraded shares of UiPath from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 6th. Finally, Cowen restated a “hold” rating on shares of UiPath in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, UiPath currently has a consensus rating of “Hold” and an average target price of $13.18.
Get Our Latest Stock Analysis on PATH
Institutional Investors Weigh In On UiPath
Several hedge funds and other institutional investors have recently made changes to their positions in the business. American Trust acquired a new stake in shares of UiPath in the 2nd quarter worth about $148,000. Total Investment Management Inc. purchased a new stake in shares of UiPath in the second quarter worth approximately $108,000. Orion Porfolio Solutions LLC lifted its holdings in shares of UiPath by 12.5% in the second quarter. Orion Porfolio Solutions LLC now owns 28,862 shares of the company’s stock valued at $369,000 after purchasing an additional 3,203 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of UiPath by 0.6% during the second quarter. Neuberger Berman Group LLC now owns 2,495,934 shares of the company’s stock valued at $31,941,000 after buying an additional 13,980 shares during the last quarter. Finally, Marex Group plc bought a new stake in UiPath during the second quarter worth $167,000. 62.50% of the stock is owned by institutional investors.
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.
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