UiPath, Inc. (NYSE:PATH – Get Free Report) CEO Daniel Dines sold 122,733 shares of UiPath stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $13.33, for a total transaction of $1,636,030.89. Following the transaction, the chief executive officer directly owned 1,350,070 shares of the company’s stock, valued at $17,996,433.10. This represents a 8.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Daniel Dines also recently made the following trade(s):
- On Monday, September 29th, Daniel Dines sold 122,733 shares of UiPath stock. The shares were sold at an average price of $12.33, for a total transaction of $1,513,297.89.
- On Friday, September 26th, Daniel Dines sold 122,733 shares of UiPath stock. The stock was sold at an average price of $12.08, for a total value of $1,482,614.64.
- On Wednesday, September 24th, Daniel Dines sold 122,733 shares of UiPath stock. The shares were sold at an average price of $12.44, for a total value of $1,526,798.52.
- On Monday, September 22nd, Daniel Dines sold 122,733 shares of UiPath stock. The shares were 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 stock was 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 shares were 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 shares were sold at an average price of $12.16, for a total transaction of $547,200.00.
UiPath Stock Up 1.1%
Shares of NYSE PATH opened at $12.90 on Friday. The firm has a market cap of $6.85 billion, a PE ratio of 429.83, a P/E/G ratio of 4.72 and a beta of 1.07. The company’s fifty day simple moving average is $11.57 and its 200 day simple moving average is $11.85. UiPath, Inc. has a 12-month low of $9.38 and a 12-month high of $15.93.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of Nova Scotia purchased a new stake in shares of UiPath during the 1st quarter valued at $3,907,000. Jump Financial LLC bought a new position in UiPath during the first quarter valued at about $11,016,000. Deutsche Bank AG increased its holdings in UiPath by 3.8% during the first quarter. Deutsche Bank AG now owns 1,562,306 shares of the company’s stock worth $16,092,000 after buying an additional 56,721 shares during the last quarter. Pallas Capital Advisors LLC raised its position in UiPath by 24.8% in the second quarter. Pallas Capital Advisors LLC now owns 105,834 shares of the company’s stock worth $1,355,000 after acquiring an additional 21,058 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in UiPath by 12.7% in the first quarter. Canada Pension Plan Investment Board now owns 1,809,200 shares of the company’s stock worth $18,635,000 after acquiring an additional 204,400 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on PATH shares. Cowen restated a “hold” rating on shares of UiPath in a report on Friday, September 5th. Needham & Company LLC restated a “hold” rating on shares of UiPath in a research note on Friday, September 5th. BMO Capital Markets raised their price objective on shares of UiPath from $12.50 to $13.00 and gave the company a “market perform” rating in a research note on Thursday. Zacks Research upgraded shares of UiPath from a “hold” rating to a “strong-buy” rating in a report on Monday, September 8th. Finally, DA Davidson assumed coverage on shares of UiPath in a report on Friday, September 5th. They issued a “neutral” rating and a $12.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $13.21.
Read Our Latest Stock Analysis on UiPath
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.
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