Key Points
- Daniel Dines sold 45,000 UiPath shares on Dec. 31 at $16.55 for $744,750, part of 11 sales in December totaling 495,000 shares (~$8.48M); his holdings fell 0.16% to 28,478,585 shares valued at about $471.3M.
- UiPath beat expectations on Dec. 3 with $0.16 EPS vs. $0.14 expected and $411.11M revenue (up 15.9% YoY), but analysts hold a consensus "Hold" rating with a $16.00 price target and the company has a market cap near $8.76B.
UiPath, Inc. (NYSE:PATH - Get Free Report) CEO Daniel Dines sold 45,000 shares of the business's stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $16.55, for a total transaction of $744,750.00. Following the completion of the sale, the chief executive officer directly owned 28,478,585 shares of the company's stock, valued at $471,320,581.75. The trade was a 0.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Daniel Dines also recently made the following trade(s):
- On Monday, December 29th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.44, for a total value of $739,800.00.
- On Friday, December 26th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were 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 stock was 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 shares were 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 stock was 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 value of $864,450.00.
UiPath Trading Down 1.7%
Shares of NYSE:PATH opened at $16.38 on Thursday. The company has a 50 day moving average of $15.58 and a 200-day moving average of $13.60. The firm has a market cap of $8.76 billion, a P/E ratio of 39.00, a P/E/G ratio of 5.04 and a beta of 1.10. UiPath, Inc. has a twelve month low of $9.38 and a twelve month high of $19.84.
UiPath (NYSE:PATH - Get Free Report) last released its earnings results on Wednesday, December 3rd. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The business had revenue of $411.11 million for the quarter, compared to the consensus estimate of $392.46 million. UiPath had a net margin of 14.79% and a return on equity of 3.73%. The business's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 EPS. Equities research analysts forecast that UiPath, Inc. will post -0.17 EPS for the current year.
Institutional Investors Weigh In On UiPath
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of UiPath by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 47,895,884 shares of the company's stock worth $640,847,000 after buying an additional 2,251,434 shares during the last quarter. TFG Asset Management GP Ltd raised its position in shares of UiPath by 53.3% in the second quarter. TFG Asset Management GP Ltd now owns 13,722,244 shares of the company's stock valued at $175,645,000 after purchasing an additional 4,772,244 shares during the period. AQR Capital Management LLC lifted its position in UiPath by 76.0% during the second 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 during the last quarter. Federated Hermes Inc. lifted its holdings in UiPath by 40.7% during the 2nd quarter. Federated Hermes Inc. now owns 8,048,321 shares of the company's stock worth $103,019,000 after purchasing an additional 2,328,225 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of UiPath by 5.0% during the second quarter. State Street Corp now owns 8,032,345 shares of the company's stock worth $102,814,000 after buying an additional 378,851 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on PATH shares. Truist Financial set a $17.00 price objective on shares of UiPath in a report on Thursday, December 4th. BMO Capital Markets lifted their price target on UiPath from $13.00 to $17.00 and gave the company a "market perform" rating in a report on Thursday, December 4th. Royal Bank Of Canada increased their price objective on UiPath from $16.00 to $19.00 and gave the company a "sector perform" rating in a research report on Wednesday, December 10th. Needham & Company LLC restated a "hold" rating on shares of UiPath in a research report on Thursday, December 4th. Finally, Wall Street Zen cut UiPath from a "strong-buy" rating to a "buy" rating in a report on Saturday, December 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, UiPath currently has a consensus rating of "Hold" and a consensus price target of $16.00.
View Our Latest Research Report on UiPath
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. 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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