Key Points
- UiPath CEO Daniel Dines sold 45,000 shares on Dec. 29 at an average price of $16.44 (~$739,800); the sale was part of a string of eleven 45,000-share trades since Nov. 5 (roughly 495,000 shares) and the Dec. 29 transaction lowered his stake by 0.16% to 28,568,585 shares valued at about $469.7M.
- UiPath beat the quarter with $0.16 EPS versus $0.14 expected and revenue of $411.1M (up 15.9% YoY), but analysts largely remain cautious with a consensus "Hold" rating and an average price target of $16 (market cap ≈ $9B, P/E ≈ 40).
UiPath, Inc. (NYSE:PATH - Get Free Report) CEO Daniel Dines sold 45,000 shares of the firm's stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $16.44, for a total transaction of $739,800.00. Following the completion of the transaction, the chief executive officer directly owned 28,568,585 shares in the company, valued at approximately $469,667,537.40. This represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Daniel Dines also recently made the following trade(s):
- On Friday, December 26th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.90, for a total value of $760,500.00.
- On Wednesday, December 24th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.91, for a total value of $760,950.00.
- On Monday, December 22nd, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.49, for a total value of $742,050.00.
- On Friday, December 19th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.07, for a total value of $723,150.00.
- On Wednesday, December 17th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.11, for a total value of $724,950.00.
- On Monday, December 15th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $17.30, for a total value of $778,500.00.
- On Friday, December 12th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $17.91, for a total transaction of $805,950.00.
- On Wednesday, December 10th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $18.61, for a total transaction of $837,450.00.
- On Monday, December 8th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were 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 transaction of $678,150.00.
UiPath Stock Performance
PATH opened at $16.83 on Tuesday. The stock has a market capitalization of $9.00 billion, a PE ratio of 40.06, a P/E/G ratio of 5.09 and a beta of 1.10. UiPath, Inc. has a one year low of $9.38 and a one year high of $19.84. The business's 50 day moving average price is $15.54 and its 200 day moving average price is $13.55.
UiPath (NYSE:PATH - Get Free Report) last posted its earnings results on Wednesday, December 3rd. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. UiPath had a return on equity of 3.73% and a net margin of 14.79%.The company had revenue of $411.11 million for the quarter, compared to the consensus estimate of $392.46 million. During the same quarter in the previous year, the business earned $0.11 earnings per share. The company's revenue for the quarter was up 15.9% on a year-over-year basis. As a group, equities research analysts forecast that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.
Institutional Investors Weigh In On UiPath
A number of hedge funds have recently added to or reduced their stakes in the business. Hudson Bay Capital Management LP purchased a new position in UiPath in the 2nd quarter valued at approximately $102,559,000. Norges Bank acquired a new stake in shares of UiPath in the second quarter valued at $68,451,000. AQR Capital Management LLC boosted its holdings in UiPath by 76.0% in the second quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company's stock valued at $145,732,000 after purchasing an additional 4,926,341 shares during the period. TFG Asset Management GP Ltd grew its stake in UiPath by 53.3% during the 2nd quarter. TFG Asset Management GP Ltd now owns 13,722,244 shares of the company's stock worth $175,645,000 after purchasing an additional 4,772,244 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in UiPath during the 2nd quarter worth about $59,561,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the stock. DA Davidson increased their target price on shares of UiPath from $12.00 to $15.00 and gave the stock a "neutral" rating in a research note on Thursday, December 4th. UBS Group restated a "neutral" rating on shares of UiPath in a report on Thursday, December 4th. Needham & Company LLC reaffirmed a "hold" rating on shares of UiPath in a research report on Thursday, December 4th. Wall Street Zen lowered UiPath from a "strong-buy" rating to a "buy" rating in a research report on Saturday, December 6th. Finally, BMO Capital Markets upped their price target on UiPath from $13.00 to $17.00 and gave the stock a "market perform" rating in a research note on Thursday, December 4th. 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. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $16.00.
View Our Latest Analysis on UiPath
UiPath Company Profile
(
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. 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.
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