Key Points
- CEO Daniel Dines sold 45,000 UiPath shares on December 10 at an average price of $18.61 for $837,450, leaving him with about 29.1 million shares (a 0.15% reduction in his stake).
- Dines has conducted a string of insider sales this fall — 11 separate transactions of 45,000 shares each (495,000 shares total), signaling sustained insider selling activity.
- UiPath recently beat quarterly EPS and revenue estimates (EPS $0.16 vs. $0.14, revenue $411.1M vs. $392.5M), but analysts remain mixed with a consensus rating of "Hold" and a $16 target despite several banks raising targets to ~$19.
UiPath, Inc. (NYSE:PATH - Get Free Report) CEO Daniel Dines sold 45,000 shares of the business's stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $18.61, for a total transaction of $837,450.00. Following the completion of the transaction, the chief executive officer directly owned 29,108,585 shares of the company's stock, valued at approximately $541,710,766.85. This represents a 0.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Daniel Dines also recently made the following trade(s):
- On Monday, December 8th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $19.21, for a total transaction of $864,450.00.
- On Wednesday, November 5th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $15.07, for a total value of $678,150.00.
- On Monday, November 3rd, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.23, for a total value of $730,350.00.
- On Friday, October 31st, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $15.72, for a total value of $707,400.00.
- On Wednesday, October 29th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.29, for a total value of $733,050.00.
- On Monday, October 27th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were 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 shares were sold at an average price of $15.53, for a total transaction 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 transaction of $706,950.00.
- On Friday, October 17th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $15.62, for a total transaction of $702,900.00.
UiPath Stock Performance
PATH stock opened at $18.67 on Thursday. The firm has a market cap of $9.91 billion, a P/E ratio of 44.45, a P/E/G ratio of 7.04 and a beta of 1.10. The firm's fifty day moving average is $15.29 and its 200 day moving average is $13.21. UiPath, Inc. has a 52 week low of $9.38 and a 52 week high of $19.84.
UiPath (NYSE:PATH - Get Free Report) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. UiPath had a net margin of 14.79% and a return on equity of 3.73%. The business had revenue of $411.11 million during the quarter, compared to the consensus estimate of $392.46 million. During the same period in the previous year, the firm posted $0.11 earnings per share. The firm's revenue for the quarter was up 15.9% on a year-over-year basis. As a group, analysts forecast that UiPath, Inc. will post -0.17 EPS for the current year.
Institutional Trading of UiPath
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hudson Bay Capital Management LP purchased a new stake in shares of UiPath in the 2nd quarter worth about $102,559,000. Norges Bank purchased a new position in shares of UiPath during the second quarter valued at about $68,451,000. AQR Capital Management LLC raised its stake in UiPath by 76.0% in the second quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company's stock worth $145,732,000 after buying an additional 4,926,341 shares in the last quarter. TFG Asset Management GP Ltd raised its stake in UiPath by 53.3% in the second quarter. TFG Asset Management GP Ltd now owns 13,722,244 shares of the company's stock worth $175,645,000 after buying an additional 4,772,244 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in UiPath in the second quarter worth about $59,561,000. Hedge funds and other institutional investors own 62.50% of the company's stock.
Analyst Ratings Changes
PATH has been the subject of several analyst reports. Morgan Stanley increased their target price on UiPath from $15.00 to $19.00 and gave the company an "equal weight" rating in a report on Tuesday. DA Davidson boosted their price objective on UiPath from $12.00 to $15.00 and gave the company a "neutral" rating in a research report on Thursday, December 4th. Canaccord Genuity Group increased their price objective on UiPath from $15.00 to $19.00 and gave the company a "buy" rating in a research note on Thursday, December 4th. Zacks Research downgraded shares of UiPath from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 4th. Finally, Royal Bank Of Canada upped their price target on shares of UiPath from $16.00 to $19.00 and gave the company a "sector perform" rating in a report on Wednesday. One investment analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, UiPath presently has a consensus rating of "Hold" and a consensus target price of $16.00.
Check Out Our Latest Stock Analysis on PATH
About UiPath
(
Get Free Report)
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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