Key Points
- UiPath CEO Daniel Dines sold 45,000 shares on Jan 7 at an average of $17.32 and, across 11 trades from Dec. 15–Jan. 7, sold a total of 495,000 shares for about $8.2M, leaving him with 28,298,585 shares (a 0.16% reduction).
- UiPath recently beat quarterly expectations (Q: $0.16 EPS vs $0.14 est.; revenue $411.1M vs $392.5M), the stock opened at $17.81 with a $9.52B market cap, and analysts hold a consensus "Hold" rating with a $15.85 price target.
UiPath, Inc. (NYSE:PATH - Get Free Report) CEO Daniel Dines sold 45,000 shares of the firm's stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $17.32, for a total value of $779,400.00. Following the sale, the chief executive officer directly owned 28,298,585 shares in the company, valued at approximately $490,131,492.20. This represents a 0.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Daniel Dines also recently made the following trade(s):
- On Monday, January 5th, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $15.73, for a total value of $707,850.00.
- On Friday, January 2nd, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.38, for a total value of $737,100.00.
- On Wednesday, December 31st, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $16.55, for a total transaction of $744,750.00.
- 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 transaction of $739,800.00.
- 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 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 transaction of $742,050.00.
- On Friday, December 19th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $16.07, for a total transaction 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 shares were sold at an average price of $17.30, for a total transaction of $778,500.00.
UiPath Trading Up 2.7%
NYSE PATH opened at $17.81 on Thursday. UiPath, Inc. has a 1 year low of $9.38 and a 1 year high of $19.84. The firm has a market capitalization of $9.52 billion, a P/E ratio of 42.39, a price-to-earnings-growth ratio of 5.08 and a beta of 1.08. The firm's fifty day moving average price is $15.61 and its two-hundred day moving average price is $13.75.
UiPath (NYSE:PATH - Get Free Report) last posted its quarterly 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 during the quarter, compared to analysts' expectations of $392.46 million. UiPath had a return on equity of 3.73% and a net margin of 14.79%.UiPath's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company posted $0.11 earnings per share. On average, research analysts anticipate that UiPath, Inc. will post -0.17 EPS for the current fiscal year.
Hedge Funds Weigh In On UiPath
Several hedge funds have recently bought and sold shares of PATH. Noble Wealth Management PBC acquired a new position in shares of UiPath in the 4th quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in UiPath during the second quarter valued at approximately $28,000. AdvisorNet Financial Inc lifted its stake in UiPath by 320.4% during the second quarter. AdvisorNet Financial Inc now owns 2,476 shares of the company's stock worth $32,000 after purchasing an additional 1,887 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of UiPath by 48.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,989 shares of the company's stock valued at $38,000 after purchasing an additional 969 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of UiPath by 508.0% in the 2nd quarter. IFP Advisors Inc now owns 3,283 shares of the company's stock valued at $42,000 after purchasing an additional 2,743 shares in the last quarter. 62.50% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages have issued reports on PATH. UBS Group reaffirmed a "neutral" rating on shares of UiPath in a report on Thursday, December 4th. Canaccord Genuity Group increased their price objective on shares of UiPath from $15.00 to $19.00 and gave the company a "buy" rating in a research report on Thursday, December 4th. Evercore ISI upped their price target on shares of UiPath from $15.00 to $17.00 and gave the company an "in-line" rating in a research note on Thursday, December 4th. Truist Financial set a $17.00 price target on UiPath in a research note on Thursday, December 4th. Finally, Mizuho boosted their target price on shares of UiPath from $14.00 to $15.00 and gave the company a "neutral" rating in a research report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, UiPath currently has an average rating of "Hold" and a consensus price target of $15.85.
View Our Latest Analysis 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.
Further Reading
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