UiPath Inc. (NYSE:PATH – Get Free Report) saw unusually large options trading activity on Friday. Stock investors purchased 25,833 call options on the company. This represents an increase of approximately 11% compared to the average daily volume of 23,224 call options.
UiPath Price Performance
UiPath stock opened at $10.84 on Friday. UiPath has a 1-year low of $9.50 and a 1-year high of $23.97. The company has a market cap of $5.96 billion, a PE ratio of -67.78 and a beta of 1.00. The stock’s 50 day moving average price is $13.36 and its 200 day moving average price is $13.15.
Insider Buying and Selling
In other news, CAO Hitesh Ramani sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $13.05, for a total transaction of $326,250.00. Following the completion of the sale, the chief accounting officer now owns 269,421 shares in the company, valued at approximately $3,515,944.05. The trade was a 8.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ashim Gupta sold 47,227 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $13.06, for a total transaction of $616,784.62. Following the sale, the chief financial officer now owns 856,538 shares of the company’s stock, valued at $11,186,386.28. This represents a 5.23 % decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is owned by insiders.
Institutional Trading of UiPath
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on PATH. BMO Capital Markets reduced their price objective on shares of UiPath from $16.00 to $11.50 and set a “market perform” rating for the company in a research report on Friday. Wells Fargo & Company reduced their price objective on shares of UiPath from $13.00 to $11.00 and set an “equal weight” rating for the company in a research report on Thursday. Royal Bank of Canada reduced their price target on shares of UiPath from $16.00 to $13.00 and set a “sector perform” rating for the company in a research report on Thursday. JPMorgan Chase & Co. raised their price objective on shares of UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, Mizuho dropped their price objective on shares of UiPath from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $14.53.
Read Our Latest Stock Report on PATH
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.
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