UiPath (NYSE:PATH) Stock Price Down 7.9% on Insider Selling

UiPath, Inc. (NYSE:PATH)’s stock price traded down 7.9% during trading on Tuesday following insider selling activity. The company traded as low as $16.00 and last traded at $15.8850. 9,641,565 shares were traded during mid-day trading, a decline of 57% from the average session volume of 22,572,670 shares. The stock had previously closed at $17.24.

Specifically, CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $16.61, for a total value of $747,450.00. Following the sale, the chief executive officer directly owned 28,163,585 shares in the company, valued at $467,797,146.85. The trade was a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Daniel Dines sold 45,000 shares of the company’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $17.17, for a total value of $772,650.00. Following the transaction, the chief executive officer directly owned 28,208,585 shares in the company, valued at $484,341,404.45. This represents a 0.16% decrease in their position. The disclosure for this sale is available in the SEC filing. In other UiPath news, CEO Daniel Dines sold 45,000 shares of the firm’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $17.32, for a total value of $779,400.00. Following the completion of the sale, the chief executive officer owned 28,253,585 shares of the company’s stock, valued at approximately $489,352,092.20. This trade represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analyst Ratings Changes

PATH has been the topic of a number of research analyst reports. Evercore ISI boosted their price objective on shares of UiPath from $15.00 to $17.00 and gave the stock an “in-line” rating in a report on Thursday, December 4th. Wall Street Zen downgraded UiPath from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Morgan Stanley raised their price target on UiPath from $15.00 to $19.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 9th. DA Davidson upped their price target on shares of UiPath from $12.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Finally, Royal Bank Of Canada lowered their target price on UiPath from $19.00 to $17.00 and set a “sector perform” rating on the stock in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $16.00.

UiPath Stock Down 7.8%

The business’s fifty day moving average is $15.67 and its 200-day moving average is $13.85. The stock has a market capitalization of $8.50 billion, a PE ratio of 37.85, a P/E/G ratio of 4.79 and a beta of 1.08.

UiPath (NYSE:PATH) last issued its earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $411.11 million for 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 revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 earnings per share. As a group, sell-side analysts anticipate that UiPath, Inc. will post -0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in shares of UiPath by 8.4% during the 1st quarter. Royal Bank of Canada now owns 140,774 shares of the company’s stock valued at $1,450,000 after acquiring an additional 10,872 shares in the last quarter. Woodline Partners LP boosted its position in shares of 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 buying an additional 9,257 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of UiPath by 5.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,477,730 shares of the company’s stock valued at $15,221,000 after buying an additional 75,737 shares in the last quarter. Juncture Wealth Strategies LLC purchased a new stake in shares of UiPath during the 2nd quarter valued at about $145,000. Finally, Krilogy Financial LLC acquired a new position in UiPath during the 2nd quarter worth approximately $326,000. 62.50% of the stock is owned by institutional investors and hedge funds.

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. 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.