UiPath Inc. (NYSE:PATH) CFO Ashim Gupta Sells 47,227 Shares

UiPath Inc. (NYSE:PATH) CFO Ashim Gupta sold 47,227 shares of the company’s stock in a transaction dated 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 $11,186,386.28. The trade was a 5.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

UiPath Stock Up 3.7 %

Shares of NYSE:PATH opened at $13.77 on Tuesday. The company has a 50 day moving average of $13.50 and a two-hundred day moving average of $12.74. 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 price-to-earnings ratio of -86.06 and a beta of 0.96.

Analysts Set New Price Targets

A number of research firms have recently commented on PATH. UBS Group initiated coverage on UiPath in a research report on Thursday, December 12th. They set a “sell” rating and a $14.00 target price on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $16.00 price target on shares of UiPath in a research note on Friday, December 6th. Needham & Company LLC reissued a “hold” rating on shares of UiPath in a research note on Thursday, December 19th. Barclays boosted 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. Finally, Wells Fargo & Company dropped their price objective on shares of UiPath from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $17.50.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC acquired a new position in UiPath in the third quarter valued at approximately $26,000. JTC Employer Solutions Trustee Ltd bought a new stake in shares of UiPath during the 3rd quarter worth $26,000. Quarry LP increased its stake in UiPath by 654.4% in the 3rd quarter. Quarry LP now owns 3,146 shares of the company’s stock worth $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 approximately $43,000. Finally, Allspring Global Investments Holdings LLC raised its stake in UiPath by 124.7% during 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. 62.50% of the stock is owned by institutional investors and hedge funds.

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.