UiPath, Inc. (NYSE:PATH – Get Free Report) CEO Daniel Dines sold 122,734 shares of the company’s stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $18.37, for a total value of $2,254,623.58. Following the transaction, the chief executive officer directly owned 490,936 shares of the company’s stock, valued at approximately $9,018,494.32. The trade was a 20.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Daniel Dines also recently made the following trade(s):
- On Wednesday, October 8th, Daniel Dines sold 122,734 shares of UiPath stock. The stock was sold at an average price of $14.89, for a total value of $1,827,509.26.
- On Monday, October 6th, Daniel Dines sold 122,733 shares of UiPath stock. The stock was sold at an average price of $14.24, for a total value of $1,747,717.92.
- On Wednesday, October 1st, Daniel Dines sold 122,733 shares of UiPath stock. The stock was sold at an average price of $13.33, for a total value of $1,636,030.89.
- On Monday, September 29th, Daniel Dines sold 122,733 shares of UiPath stock. The stock was sold at an average price of $12.33, for a total value of $1,513,297.89.
- On Friday, September 26th, Daniel Dines sold 122,733 shares of UiPath stock. The stock was sold at an average price of $12.08, for a total value of $1,482,614.64.
- On Wednesday, September 24th, Daniel Dines sold 122,733 shares of UiPath stock. The stock was sold at an average price of $12.44, for a total value of $1,526,798.52.
- On Monday, September 22nd, Daniel Dines sold 122,733 shares of UiPath stock. The stock was sold at an average price of $12.20, for a total value of $1,497,342.60.
- On Friday, September 19th, Daniel Dines sold 122,733 shares of UiPath stock. The stock was sold at an average price of $11.92, for a total value of $1,462,977.36.
- On Wednesday, September 17th, Daniel Dines sold 122,733 shares of UiPath stock. The stock was sold at an average price of $11.71, for a total value of $1,437,203.43.
- On Wednesday, September 10th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $12.01, for a total value of $540,450.00.
UiPath Stock Performance
Shares of PATH opened at $17.04 on Friday. UiPath, Inc. has a one year low of $9.38 and a one year high of $18.74. The stock has a market capitalization of $9.05 billion, a price-to-earnings ratio of 567.83, a PEG ratio of 6.85 and a beta of 1.07. The stock has a 50 day moving average price of $11.99 and a 200 day moving average price of $12.02.
Analysts Set New Price Targets
Several analysts recently commented on the company. Zacks Research upgraded UiPath from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 8th. BMO Capital Markets upped their target price on UiPath from $12.50 to $13.00 and gave the company a “market perform” rating in a report on Thursday, October 2nd. Needham & Company LLC restated a “hold” rating on shares of UiPath in a report on Friday, September 5th. Cowen restated a “hold” rating on shares of UiPath in a report on Friday, September 5th. Finally, DA Davidson assumed coverage on UiPath in a report on Friday, September 5th. They issued a “neutral” rating and a $12.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, UiPath currently has an average rating of “Hold” and a consensus target price of $13.21.
Check Out Our Latest Stock Analysis on PATH
Hedge Funds Weigh In On UiPath
Hedge funds have recently modified their holdings of the business. Bank of Nova Scotia purchased a new position in shares of UiPath during the 1st quarter worth $3,907,000. Jump Financial LLC purchased a new position in shares of UiPath during the 1st quarter worth $11,016,000. Deutsche Bank AG grew its holdings in shares of UiPath by 3.8% during the 1st quarter. Deutsche Bank AG now owns 1,562,306 shares of the company’s stock worth $16,092,000 after purchasing an additional 56,721 shares during the period. Pallas Capital Advisors LLC grew its holdings in shares of UiPath by 24.8% during the 2nd quarter. Pallas Capital Advisors LLC now owns 105,834 shares of the company’s stock worth $1,355,000 after purchasing an additional 21,058 shares during the period. Finally, Canada Pension Plan Investment Board grew its holdings in shares of UiPath by 12.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,809,200 shares of the company’s stock worth $18,635,000 after purchasing an additional 204,400 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.
UiPath Company Profile
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.
Featured Articles
- Five stocks we like better than UiPath
- Breakout Stocks: What They Are and How to Identify Them
- 3 Heavily Shorted Stocks That Could Pop on Rate Cuts
- Stock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be Closed
- Broadcom Gets Second $420 Target as CPO Win Boosts Outlook
- How to Evaluate a Stock Before Buying
- PepsiCo’s Deep Discount Will Soon Evaporate: Buy It While You Can
Receive News & Ratings for UiPath Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UiPath and related companies with MarketBeat.com's FREE daily email newsletter.