 UiPath, Inc. (NYSE:PATH – Get Free Report) CEO Daniel Dines sold 45,000 shares of the business’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $16.29, for a total value of $733,050.00. Following the sale, the chief executive officer directly owned 29,468,585 shares of the company’s stock, valued at $480,043,249.65. This represents a 0.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
UiPath, Inc. (NYSE:PATH – Get Free Report) CEO Daniel Dines sold 45,000 shares of the business’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $16.29, for a total value of $733,050.00. Following the sale, the chief executive officer directly owned 29,468,585 shares of the company’s stock, valued at $480,043,249.65. This represents a 0.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 
Daniel Dines also recently made the following trade(s):
- On Monday, October 27th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.73, for a total value of $752,850.00.
- On Friday, October 24th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $15.46, for a total value of $695,700.00.
- On Wednesday, October 22nd, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $15.53, for a total value of $698,850.00.
- On Monday, October 20th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $15.71, for a total value of $706,950.00.
- On Friday, October 17th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $15.62, for a total value of $702,900.00.
- On Wednesday, October 15th, Daniel Dines sold 122,734 shares of UiPath stock. The shares were sold at an average price of $16.92, for a total value of $2,076,659.28.
- On Monday, October 13th, Daniel Dines sold 122,734 shares of UiPath stock. The shares were sold at an average price of $17.06, for a total value of $2,093,842.04.
- On Friday, October 10th, Daniel Dines sold 122,734 shares of UiPath stock. The shares were sold at an average price of $18.37, for a total value of $2,254,623.58.
- On Wednesday, October 8th, Daniel Dines sold 122,734 shares of UiPath stock. The shares were sold at an average price of $14.89, for a total value of $1,827,509.26.
- On Monday, October 6th, Daniel Dines sold 122,733 shares of UiPath stock. The shares were sold at an average price of $14.24, for a total value of $1,747,717.92.
UiPath Price Performance
Shares of PATH stock opened at $15.86 on Friday. The stock has a market cap of $8.42 billion, a PE ratio of 528.73, a price-to-earnings-growth ratio of 6.00 and a beta of 1.07. The stock has a 50-day moving average of $13.46 and a 200-day moving average of $12.58. UiPath, Inc. has a one year low of $9.38 and a one year high of $18.74.
Hedge Funds Weigh In On UiPath
Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of UiPath by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 48,061,096 shares of the company’s stock worth $495,029,000 after acquiring an additional 1,396,972 shares in the last quarter. TFG Asset Management GP Ltd increased its stake in UiPath by 53.3% in the 2nd quarter. TFG Asset Management GP Ltd now owns 13,722,244 shares of the company’s stock valued at $175,645,000 after buying an additional 4,772,244 shares during the last quarter. AQR Capital Management LLC increased its stake in UiPath by 76.0% in the 2nd quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock valued at $145,732,000 after buying an additional 4,926,341 shares during the last quarter. Federated Hermes Inc. increased its stake in UiPath by 40.7% in the 2nd quarter. Federated Hermes Inc. now owns 8,048,321 shares of the company’s stock valued at $103,019,000 after buying an additional 2,328,225 shares during the last quarter. Finally, State Street Corp increased its stake in UiPath by 5.0% in the 2nd quarter. State Street Corp now owns 8,032,345 shares of the company’s stock valued at $102,814,000 after buying an additional 378,851 shares during the last quarter. 62.50% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research firms recently issued reports on PATH. DA Davidson began coverage on UiPath in a research note on Friday, September 5th. They set a “neutral” rating and a $12.00 target price for the company. Weiss Ratings reissued a “sell (d+)” rating on shares of UiPath in a research note on Thursday. Wall Street Zen cut UiPath from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 25th. UBS Group set a $17.00 target price on UiPath and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Finally, Truist Financial lowered their target price on UiPath from $13.00 to $12.00 and set a “hold” rating for the company 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, thirteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $13.71.
Check Out Our Latest Stock Analysis on PATH
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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