UiPath (NYSE:PATH) CEO Daniel Dines Sells 1,402,347 Shares

UiPath, Inc. (NYSE:PATH) CEO Daniel Dines sold 1,402,347 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $16.07, for a total transaction of $22,535,716.29. Following the completion of the transaction, the chief executive officer directly owned 26,491,238 shares of the company’s stock, valued at approximately $425,714,194.66. This trade represents a 5.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

UiPath Stock Performance

NYSE:PATH traded up $0.19 during mid-day trading on Wednesday, hitting $15.77. 72,829,298 shares of the company’s stock traded hands, compared to its average volume of 66,554,668. The firm’s 50 day simple moving average is $12.27 and its 200 day simple moving average is $11.52. UiPath, Inc. has a 1 year low of $9.20 and a 1 year high of $19.84. The company has a market cap of $8.17 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 1.87 and a beta of 0.96.

UiPath (NYSE:PATH) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. UiPath had a net margin of 19.58% and a return on equity of 7.92%. The company had revenue of $418.38 million for the quarter, compared to analysts’ expectations of $397.54 million. During the same period last year, the company earned $0.11 EPS. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. On average, research analysts expect that UiPath, Inc. will post 0.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PATH has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of UiPath in a research report on Friday, July 10th. Royal Bank Of Canada upped their target price on shares of UiPath from $12.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Friday, August 14th. Bank of America raised their price target on UiPath from $12.00 to $13.00 and gave the company an “underperform” rating in a report on Friday, May 29th. DA Davidson dropped their price objective on UiPath from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, May 29th. Finally, BMO Capital Markets dropped their target price on shares of UiPath from $14.00 to $13.00 and set a “market perform” rating on the stock in a report on Monday, June 1st. Two analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, UiPath presently has an average rating of “Hold” and an average target price of $13.87.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PATH. Vanguard Group Inc. increased its position in UiPath by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 49,114,941 shares of the company’s stock worth $804,994,000 after buying an additional 1,219,057 shares during the last quarter. BlackRock Inc. lifted its position in shares of UiPath by 7.2% in the second quarter. BlackRock Inc. now owns 46,153,124 shares of the company’s stock worth $501,684,000 after buying an additional 3,097,822 shares during the last quarter. State Street Corp boosted its stake in shares of UiPath by 66.4% during the 4th quarter. State Street Corp now owns 13,004,786 shares of the company’s stock worth $213,148,000 after acquiring an additional 5,189,438 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of UiPath by 76.0% during the 2nd quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock worth $145,732,000 after acquiring an additional 4,926,341 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of UiPath by 13.2% during the 1st quarter. Bank of America Corp DE now owns 10,046,699 shares of the company’s stock valued at $111,518,000 after acquiring an additional 1,170,285 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

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. 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.