UiPath, Inc. (NYSE:PATH – Get Free Report) CEO Daniel Dines sold 1,250,000 shares of the company’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $13.44, for a total transaction of $16,800,000.00. Following the sale, the chief executive officer directly owned 30,241,238 shares of the company’s stock, valued at approximately $406,442,238.72. This represents a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 Stock Performance
Shares of PATH traded up $0.27 during mid-day trading on Monday, hitting $13.12. The company’s stock had a trading volume of 22,140,768 shares, compared to its average volume of 45,635,316. The firm has a market capitalization of $6.83 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 1.21 and a beta of 1.01. UiPath, Inc. has a one year low of $9.20 and a one year high of $19.84. The stock’s 50-day moving average is $14.70 and its two-hundred day moving average is $12.39.
UiPath (NYSE:PATH – Get Free Report) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The firm had revenue of $410.26 million for the quarter, compared to analyst estimates of $397.77 million. UiPath had a return on equity of 9.70% and a net margin of 21.03%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 earnings per share. Analysts expect that UiPath, Inc. will post 0.49 EPS for the current fiscal year.
Analysts Set New Price Targets
PATH has been the subject of a number of research reports. Bank of America raised their target price on UiPath from $13.00 to $15.00 and gave the company an “underperform” rating in a research note on Friday, September 4th. Truist Financial decreased their target price on UiPath from $17.00 to $14.00 and set a “hold” rating for the company in a research note on Wednesday, September 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of UiPath in a research report on Wednesday, September 23rd. HC Wainwright reissued a “buy” rating on shares of UiPath in a research note on Friday, September 4th. Finally, UBS Group decreased their price objective on shares of UiPath from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, September 25th. Four research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $15.69.
Get Our Latest Analysis on UiPath
Hedge Funds Weigh In On UiPath
A number of hedge funds and other institutional investors have recently made changes to their positions in PATH. BlackRock Inc. grew its stake in UiPath by 7.2% during the second quarter. BlackRock Inc. now owns 46,153,124 shares of the company’s stock worth $501,684,000 after purchasing an additional 3,097,822 shares during the period. Squarepoint Ops LLC raised its holdings in UiPath by 8,065.7% during the 2nd quarter. Squarepoint Ops LLC now owns 1,497,555 shares of the company’s stock valued at $16,278,000 after acquiring an additional 1,516,355 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of UiPath by 26.7% in the first quarter. Dimensional Fund Advisors LP now owns 6,831,288 shares of the company’s stock worth $75,818,000 after purchasing an additional 1,437,843 shares during the period. Bank of America Corp DE grew its stake in UiPath by 13.2% in the 1st quarter. Bank of America Corp DE now owns 10,046,699 shares of the company’s stock worth $111,518,000 after buying an additional 1,170,285 shares in the last quarter. Finally, Corient Private Wealth LP grew its position in UiPath by 398.4% during the second quarter. Corient Private Wealth LP now owns 708,146 shares of the company’s stock valued at $7,698,000 after acquiring an additional 566,074 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.
About UiPath
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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