Key Points
- CEO Daniel Dines sold 1.25 million UiPath shares at an average price of $13.44, generating $16.8 million; he retained 30.24 million shares after the transaction.
- UiPath reported quarterly revenue of $410.26 million, up 13.3% year over year, and adjusted earnings of $0.15 per share, matching analyst expectations.
- Analyst sentiment remains mixed, with UiPath holding a consensus “Hold” rating and an average price target of $15.69, compared with the stock’s $13.12 opening price.
UiPath, Inc. (NYSE:PATH - Get Free Report) CEO Daniel Dines sold 1,250,000 shares of the stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $13.44, for a total value of $16,800,000.00. Following the completion of the sale, the chief executive officer directly owned 30,241,238 shares of the company's stock, valued at $406,442,238.72. The trade was a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Daniel Dines also recently made the following trade(s):
- On Wednesday, August 19th, Daniel Dines sold 1,402,347 shares of UiPath stock. The shares were sold at an average price of $16.07, for a total value of $22,535,716.29.
UiPath Price Performance
PATH opened at $13.12 on Tuesday. The company has a market capitalization of $6.84 billion, a price-to-earnings ratio of 19.57, a P/E/G ratio of 1.21 and a beta of 1.01. The firm's fifty day moving average price is $14.65 and its two-hundred day moving average price is $12.41. UiPath, Inc. has a 1 year low of $9.20 and a 1 year high of $19.84.
UiPath (NYSE:PATH - Get Free Report) last posted its earnings results on Thursday, September 3rd. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. The firm had revenue of $410.26 million during the quarter, compared to analyst estimates of $397.77 million. UiPath had a net margin of 21.03% and a return on equity of 9.70%. The business's revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.15 EPS. As a group, equities analysts anticipate that UiPath, Inc. will post 0.49 EPS for the current year.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on PATH shares. Truist Financial reduced their price objective on shares of UiPath from $17.00 to $14.00 and set a "hold" rating for the company in a research report on Wednesday, September 23rd. DA Davidson reaffirmed an "underperform" rating and set a $10.00 price target on shares of UiPath in a research report on Monday, September 28th. TD Cowen reiterated a "hold" rating and set a $16.00 price target on shares of UiPath in a report on Wednesday, September 23rd. Needham & Company LLC reissued a "buy" rating and issued a $22.00 price objective on shares of UiPath in a research report on Wednesday, September 23rd. Finally, Canaccord Genuity Group reduced their price objective on UiPath from $17.00 to $14.00 and set a "hold" rating for the company in a research note on Thursday, September 24th. Four analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, UiPath currently has an average rating of "Hold" and an average target price of $15.69.
Read Our Latest Analysis on UiPath
Institutional Trading of UiPath
Several hedge funds have recently added to or reduced their stakes in PATH. Trifecta Capital Advisors LLC purchased a new position in UiPath in the second quarter valued at about $27,000. CoreCap Advisors LLC increased its stake in shares of UiPath by 68.7% during the 3rd quarter. CoreCap Advisors LLC now owns 2,679 shares of the company's stock worth $34,000 after purchasing an additional 1,091 shares during the last quarter. AdvisorNet Financial Inc increased its stake in shares of UiPath by 750.0% during the 1st quarter. AdvisorNet Financial Inc now owns 3,400 shares of the company's stock worth $38,000 after purchasing an additional 3,000 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of UiPath by 103.6% in the 3rd quarter. Versant Capital Management Inc now owns 4,845 shares of the company's stock worth $62,000 after purchasing an additional 2,465 shares during the period. Finally, Global Retirement Partners LLC bought a new stake in shares of UiPath in the 2nd quarter worth approximately $57,000. Institutional investors own 62.50% of the company's stock.
About UiPath
(
Get Free Report)
UiPath, Inc develops enterprise automation software that helps organizations automate repetitive, rules-based and increasingly complex business processes. Its platform combines robotic process automation with artificial intelligence, workflow orchestration, process mining, document processing and application integration capabilities.
The company's products are designed to support the discovery, development, deployment and management of software robots and AI-powered automations across functions such as finance, customer service, human resources, information technology and operations.
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