UiPath Inc. (NYSE:PATH) CAO Sells $326,250.00 in Stock

UiPath Inc. (NYSE:PATH) CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $13.05, for a total value of $326,250.00. Following the completion of the transaction, the chief accounting officer now directly owns 269,421 shares in the company, valued at approximately $3,515,944.05. This represents a 8.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

UiPath Trading Up 3.7 %

UiPath stock traded up $0.49 during trading on Monday, hitting $13.77. 17,155,609 shares of the company were exchanged, compared to its average volume of 9,814,896. The business’s 50 day moving average is $13.48 and its 200 day moving average is $12.72. UiPath Inc. has a 52 week low of $10.37 and a 52 week high of $27.87. The company has a market capitalization of $7.57 billion, a P/E ratio of -86.06 and a beta of 0.96.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PATH. UBS Group began coverage on UiPath in a research note on Thursday, December 12th. They issued a “sell” rating and a $14.00 price objective on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $16.00 price target on shares of UiPath in a research note on Friday, December 6th. Barclays boosted their price target on UiPath from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. BMO Capital Markets boosted their price target on UiPath from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of UiPath in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $17.50.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Future Financial Wealth Managment LLC bought a new position in UiPath in the 3rd quarter valued at $26,000. JTC Employer Solutions Trustee Ltd bought a new position in UiPath in the 3rd quarter valued at $26,000. Quarry LP grew its stake in UiPath by 654.4% in the 3rd quarter. Quarry LP now owns 3,146 shares of the company’s stock valued at $40,000 after purchasing an additional 2,729 shares during the period. Redwood Wealth Management Group LLC bought a new position in UiPath in the 2nd quarter valued at $43,000. Finally, Allspring Global Investments Holdings LLC grew its stake in UiPath by 124.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company’s stock valued at $52,000 after purchasing an additional 2,274 shares during the period. Institutional investors own 62.50% of the company’s stock.

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.