UiPath, Inc. (NYSE:PATH – Get Free Report) CEO Daniel Dines sold 45,000 shares of the firm’s stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $15.62, for a total transaction of $702,900.00. Following the sale, the chief executive officer directly owned 29,873,585 shares in the company, valued at approximately $466,625,397.70. The trade was a 0.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Daniel Dines also recently made the following trade(s):
- On Wednesday, October 15th, Daniel Dines sold 122,734 shares of UiPath stock. The stock was sold at an average price of $16.92, for a total transaction of $2,076,659.28.
- On Monday, October 13th, Daniel Dines sold 122,734 shares of UiPath stock. The stock was sold at an average price of $17.06, for a total transaction of $2,093,842.04.
- On Friday, October 10th, Daniel Dines sold 122,734 shares of UiPath stock. The stock was sold at an average price of $18.37, for a total transaction of $2,254,623.58.
- On Wednesday, October 8th, Daniel Dines sold 122,734 shares of UiPath stock. The stock was sold at an average price of $14.89, for a total transaction of $1,827,509.26.
- On Monday, October 6th, Daniel Dines sold 122,733 shares of UiPath stock. The stock was sold at an average price of $14.24, for a total transaction of $1,747,717.92.
- On Wednesday, October 1st, Daniel Dines sold 122,733 shares of UiPath stock. The stock was sold at an average price of $13.33, for a total transaction of $1,636,030.89.
- On Monday, September 29th, Daniel Dines sold 122,733 shares of UiPath stock. The stock was 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 transaction 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 transaction 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 transaction of $1,497,342.60.
UiPath Price Performance
Shares of UiPath stock opened at $15.44 on Friday. The firm’s fifty day simple moving average is $12.52 and its 200-day simple moving average is $12.22. The stock has a market capitalization of $8.20 billion, a price-to-earnings ratio of 514.77, a PEG ratio of 5.89 and a beta of 1.07. UiPath, Inc. has a 12 month low of $9.38 and a 12 month high of $18.74.
Institutional Investors Weigh In On UiPath
Several institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in shares of UiPath by 48.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,989 shares of the company’s stock worth $38,000 after purchasing an additional 969 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of UiPath by 0.8% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 123,329 shares of the company’s stock worth $1,579,000 after buying an additional 1,033 shares in the last quarter. Xponance Inc. boosted its position in shares of UiPath by 2.0% in the 1st quarter. Xponance Inc. now owns 54,246 shares of the company’s stock worth $559,000 after buying an additional 1,054 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of UiPath by 0.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 313,946 shares of the company’s stock worth $4,019,000 after buying an additional 1,190 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of UiPath by 13.1% in the 1st quarter. Covestor Ltd now owns 11,070 shares of the company’s stock worth $114,000 after buying an additional 1,283 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several brokerages have issued reports on PATH. Wall Street Zen raised shares of UiPath from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 6th. Weiss Ratings reissued a “sell (d)” rating on shares of UiPath in a research note on Wednesday, October 8th. Truist Financial dropped their price objective on shares of UiPath from $13.00 to $12.00 and set a “hold” rating on the stock in a research note on Friday, September 5th. Zacks Research raised shares of UiPath from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of UiPath in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $13.21.
View Our Latest Stock Report on PATH
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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