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UiPath CEO Daniel Dines sold $742K in shares despite strong earnings, causing stock to drop 4.4%.
UiPath CEO Daniel Dines sold 45,000 shares on December 22 at an average price of $16.49, totaling about $742,050, reducing his stake by 0.16%.
The sale, part of multiple insider transactions since November, occurred despite the company reporting strong fourth-quarter results with $0.16 EPS, beating estimates by $0.02, and $411.11 million in revenue, a 15.9% year-over-year increase.
The stock fell 4.4% to $15.97 on December 23, with trading volume 16% above average.
Analysts maintain a mixed outlook, with a consensus "Hold" rating and a $16.00 average price target.
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El CEO de UiPath, Daniel Dines, vendió $742K en acciones a pesar de las fuertes ganancias, lo que provocó que las acciones cayeran un 4.4%.