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

UiPath Inc. (NYSE:PATH - Get Free Report) CFO Ashim Gupta sold 47,227 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $13.06, for a total transaction of $616,784.62. Following the completion of the transaction, the chief financial officer now directly owns 856,538 shares of the company's stock, valued at $11,186,386.28. This trade represents a 5.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

UiPath Price Performance

Shares of NYSE:PATH traded up $0.49 during mid-day trading on Monday, hitting $13.77. The company had a trading volume of 17,173,577 shares, compared to its average volume of 9,825,881. The firm has a fifty day moving average price of $13.50 and a 200 day moving average price of $12.74. The company has a market capitalization of $7.57 billion, a PE ratio of -86.06 and a beta of 0.96. UiPath Inc. has a one year low of $10.37 and a one year high of $27.87.

Institutional Trading of UiPath

Several hedge funds have recently modified their holdings of the stock. Cowa LLC increased its stake in shares of UiPath by 4.4% in the 3rd quarter. Cowa LLC now owns 26,681 shares of the company's stock valued at $342,000 after acquiring an additional 1,118 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its position in UiPath by 6.8% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 26,090 shares of the company's stock valued at $334,000 after purchasing an additional 1,654 shares during the period. Amalgamated Bank grew its position in UiPath by 7.1% in the 3rd quarter. Amalgamated Bank now owns 27,312 shares of the company's stock valued at $350,000 after purchasing an additional 1,811 shares during the period. Thrivent Financial for Lutherans grew its position in UiPath by 10.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 20,881 shares of the company's stock valued at $267,000 after purchasing an additional 1,995 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new stake in UiPath in the 3rd quarter valued at $26,000. Institutional investors own 62.50% of the company's stock.

Analyst Ratings Changes

PATH has been the subject of several recent research reports. UBS Group initiated coverage on UiPath in a research note on Thursday, December 12th. They issued a "sell" rating and a $14.00 price objective for the company. BMO Capital Markets upped their price objective on UiPath from $15.00 to $16.00 and gave the company a "market perform" rating in a research note on Friday, December 6th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $16.00 price objective on shares of UiPath in a research note on Friday, December 6th. Morgan Stanley upped their price objective on UiPath from $15.00 to $16.00 and gave the company an "equal weight" rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company lowered their price objective on 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 analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price 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.