Insider Selling: UiPath Inc. (NYSE:PATH) CFO Sells 47,227 Shares of Stock

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

UiPath Stock Performance

Shares of UiPath stock traded up $0.49 on Monday, reaching $13.77. 17,155,609 shares of the company were exchanged, compared to its average volume of 9,814,896. The firm has a market cap of $7.57 billion, a price-to-earnings ratio of -86.06 and a beta of 0.96. The company’s 50-day moving average is $13.48 and its two-hundred day moving average is $12.72. UiPath Inc. has a 1-year low of $10.37 and a 1-year high of $27.87.

Analyst Ratings Changes

Several analysts have recently issued reports on PATH shares. Morgan Stanley boosted their price objective on shares of 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 upped their price target on UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Wells Fargo & Company decreased their target price on UiPath from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Barclays raised their price target on shares of UiPath from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Finally, UBS Group initiated coverage on shares of UiPath in a research report on Thursday, December 12th. They issued a “sell” rating and a $14.00 price objective for the company. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $17.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new position in shares of UiPath during the third quarter valued at $26,000. JTC Employer Solutions Trustee Ltd acquired a new stake in shares of UiPath in the 3rd quarter worth approximately $26,000. Quarry LP boosted its holdings in shares of UiPath by 654.4% in the third quarter. Quarry LP now owns 3,146 shares of the company’s stock valued at $40,000 after acquiring an additional 2,729 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new position in shares of UiPath during the second quarter valued at approximately $43,000. Finally, Allspring Global Investments Holdings LLC lifted its position in UiPath by 124.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company’s stock worth $52,000 after purchasing an additional 2,274 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

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.