UiPath (NYSE:PATH) Sets New 12-Month Low - Should You Sell?

UiPath Inc. (NYSE:PATH - Get Free Report)'s share price reached a new 52-week low on Monday . The stock traded as low as $9.38 and last traded at $10.02, with a volume of 7641373 shares traded. The stock had previously closed at $10.04.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. BMO Capital Markets decreased their price target on UiPath from $16.00 to $11.50 and set a "market perform" rating on the stock in a research note on Friday, March 14th. Wells Fargo & Company lowered their price target on shares of UiPath from $13.00 to $11.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Barclays cut their price target on shares of UiPath from $15.00 to $12.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. Royal Bank of Canada reiterated a "sector perform" rating and set a $13.00 target price on shares of UiPath in a report on Wednesday, March 26th. Finally, UBS Group reduced their price target on UiPath from $14.00 to $10.00 and set a "sell" rating on the stock in a report on Thursday, March 13th. Two 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 stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $12.78.

UiPath Price Performance

The firm's 50 day moving average is $12.03 and its 200 day moving average is $12.87. The firm has a market cap of $6.00 billion, a P/E ratio of -68.03 and a beta of 1.04.

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Insider Buying and Selling

In related news, CAO Hitesh Ramani sold 12,500 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $10.19, for a total transaction of $127,375.00. Following the completion of the sale, the chief accounting officer now owns 314,891 shares of the company's stock, valued at $3,208,739.29. This trade represents a 3.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 22.37% of the stock is currently owned by company insiders.

Institutional Trading of UiPath

Institutional investors have recently added to or reduced their stakes in the business. RFG Advisory LLC purchased a new stake in shares of UiPath during the first quarter valued at $1,517,000. Merit Financial Group LLC boosted its holdings in shares of UiPath by 31.7% during the 1st quarter. Merit Financial Group LLC now owns 64,648 shares of the company's stock valued at $666,000 after acquiring an additional 15,543 shares during the last quarter. Green Alpha Advisors LLC grew its stake in shares of UiPath by 77.8% in the first quarter. Green Alpha Advisors LLC now owns 33,449 shares of the company's stock worth $345,000 after acquiring an additional 14,638 shares during the period. 180 Wealth Advisors LLC raised its holdings in shares of UiPath by 13.4% during the first quarter. 180 Wealth Advisors LLC now owns 550,196 shares of the company's stock valued at $5,667,000 after purchasing an additional 64,842 shares during the last quarter. Finally, Summit Global Investments bought a new position in UiPath during the first quarter valued at approximately $254,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

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.