Insider Selling: UiPath Inc. (NYSE:PATH) CFO Sells $616,784.62 in Stock

UiPath Inc. (NYSE:PATH) CFO Ashim Gupta sold 47,227 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $13.06, for a total value of $616,784.62. Following the completion of the sale, the chief financial officer now owns 856,538 shares in the company, valued at approximately $11,186,386.28. The trade was a 5.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

UiPath Trading Up 1.7 %

Shares of PATH opened at $13.43 on Thursday. UiPath Inc. has a 12 month low of $10.37 and a 12 month high of $27.87. The stock has a fifty day moving average price of $13.53 and a 200-day moving average price of $12.75. The firm has a market cap of $7.38 billion, a PE ratio of -83.94 and a beta of 0.96.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Morgan Stanley raised their price target on shares of UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Needham & Company LLC restated a “hold” rating on shares of UiPath in a report on Thursday, December 19th. UBS Group started coverage on UiPath in a report on Thursday, December 12th. They issued a “sell” rating and a $14.00 target price for the company. BMO Capital Markets raised 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, Wells Fargo & Company lowered their price objective on shares of UiPath from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.50.

Institutional Investors Weigh In On UiPath

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC acquired a new position in shares of UiPath during the third quarter valued at about $26,000. JTC Employer Solutions Trustee Ltd purchased a new stake in UiPath during the 3rd quarter worth approximately $26,000. Quarry LP increased its stake in UiPath by 654.4% during 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 in the last quarter. Redwood Wealth Management Group LLC purchased a new position in shares of UiPath in the second quarter worth $43,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of UiPath by 124.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company’s stock worth $52,000 after buying an additional 2,274 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.