Insider Selling: UiPath Inc. (NYSE:PATH) CAO Sells 25,000 Shares of Stock

UiPath Inc. (NYSE:PATH) CAO Hitesh Ramani sold 25,000 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $13.05, for a total value of $326,250.00. Following the sale, the chief accounting officer now directly owns 269,421 shares of the company’s stock, valued at $3,515,944.05. This represents a 8.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

UiPath Trading Up 3.7 %

UiPath stock traded up $0.49 during midday trading on Monday, reaching $13.77. The company’s stock had a trading volume of 17,155,609 shares, compared to its average volume of 9,814,896. UiPath Inc. has a 52 week low of $10.37 and a 52 week high of $27.87. The business has a 50-day moving average price of $13.48 and a 200-day moving average price of $12.72. The stock has a market cap of $7.57 billion, a PE ratio of -86.06 and a beta of 0.96.

Institutional Trading of UiPath

A number of hedge funds have recently made changes to their positions in PATH. Future Financial Wealth Managment LLC acquired a new stake in shares of UiPath during the third quarter valued at about $26,000. JTC Employer Solutions Trustee Ltd acquired a new stake in shares of UiPath during the third quarter valued at about $26,000. Quarry LP boosted its stake in shares of UiPath by 654.4% during the third 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 acquired a new stake in shares of UiPath during the second quarter valued at about $43,000. Finally, Allspring Global Investments Holdings LLC boosted 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 valued at $52,000 after purchasing an additional 2,274 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PATH has been the subject of several research reports. Wells Fargo & Company cut their price target on UiPath from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. UBS Group initiated coverage on UiPath in a report on Thursday, December 12th. They set a “sell” rating and a $14.00 price target for the company. JPMorgan Chase & Co. raised their price target on UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, December 6th. BMO Capital Markets lifted their target price on UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Finally, Morgan Stanley lifted their target price on UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.50.

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.