UiPath, Inc. (NYSE:PATH – Get Free Report) CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction on Monday, October 20th. The stock was sold at an average price of $15.71, for a total transaction of $706,950.00. Following the transaction, the chief executive officer owned 29,783,585 shares in the company, valued at approximately $467,900,120.35. This trade represents a 0.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Daniel Dines also recently made the following trade(s):
- On Wednesday, October 22nd, Daniel Dines sold 45,000 shares of UiPath stock. The shares were sold at an average price of $15.53, for a total value of $698,850.00.
- On Friday, October 17th, Daniel Dines sold 45,000 shares of UiPath stock. The stock was sold at an average price of $15.62, for a total value of $702,900.00.
- On Wednesday, October 15th, Daniel Dines sold 122,734 shares of UiPath stock. The shares were sold at an average price of $16.92, for a total value of $2,076,659.28.
- On Monday, October 13th, Daniel Dines sold 122,734 shares of UiPath stock. The shares were sold at an average price of $17.06, for a total value of $2,093,842.04.
- On Friday, October 10th, Daniel Dines sold 122,734 shares of UiPath stock. The stock was sold at an average price of $18.37, for a total value of $2,254,623.58.
- On Wednesday, October 8th, Daniel Dines sold 122,734 shares of UiPath stock. The shares were 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 transaction 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 transaction of $1,636,030.89.
- On Monday, September 29th, Daniel Dines sold 122,733 shares of UiPath stock. The shares were sold at an average price of $12.33, for a total transaction 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 transaction of $1,482,614.64.
UiPath Stock Down 7.8%
PATH stock opened at $15.02 on Thursday. The firm has a market cap of $7.97 billion, a price-to-earnings ratio of 500.50, a PEG ratio of 6.02 and a beta of 1.07. The company’s fifty day simple moving average is $12.83 and its 200 day simple moving average is $12.33. UiPath, Inc. has a 12-month low of $9.38 and a 12-month high of $18.74.
Hedge Funds Weigh In On UiPath
Several large investors have recently added to or reduced their stakes in the business. Hudson Bay Capital Management LP bought a new stake in UiPath during the 2nd quarter worth approximately $102,559,000. Norges Bank purchased a new stake in UiPath in the 2nd quarter valued at $68,451,000. AQR Capital Management LLC lifted its stake in UiPath by 76.0% during the 2nd quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock valued at $145,732,000 after acquiring an additional 4,926,341 shares in the last quarter. TFG Asset Management GP Ltd boosted its holdings in UiPath by 53.3% during the 2nd quarter. TFG Asset Management GP Ltd now owns 13,722,244 shares of the company’s stock worth $175,645,000 after acquiring an additional 4,772,244 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in UiPath by 479.3% during the 1st quarter. Federated Hermes Inc. now owns 5,720,096 shares of the company’s stock worth $58,917,000 after acquiring an additional 4,732,712 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of UiPath in a report on Wednesday, October 8th. Zacks Research upgraded shares of UiPath from a “hold” rating to a “strong-buy” rating in a report on Monday, September 8th. BMO Capital Markets upped their price objective on shares of UiPath from $12.50 to $13.00 and gave the company a “market perform” rating in a report on Thursday, October 2nd. Wall Street Zen raised shares of UiPath from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 6th. Finally, DA Davidson assumed coverage on UiPath in a research report on Friday, September 5th. They issued a “neutral” rating and a $12.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $13.21.
View Our Latest Research Report on PATH
About UiPath
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.
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