UiPath Inc. (NYSE:PATH - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $13.28, but opened at $13.98. UiPath shares last traded at $14.12, with a volume of 2,573,795 shares trading hands.
Analyst Upgrades and Downgrades
Several research analysts have commented on PATH shares. JPMorgan Chase & Co. raised their price objective on UiPath from $17.00 to $18.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Barclays lifted their price objective on UiPath from $15.00 to $16.00 and gave the company an "equal weight" rating in a report on Friday, December 6th. Royal Bank of Canada reiterated a "sector perform" rating and set a $16.00 target price on shares of UiPath in a report on Friday, December 6th. Needham & Company LLC restated a "hold" rating on shares of UiPath in a report on Thursday, December 19th. Finally, BMO Capital Markets increased their price objective on shares of UiPath from $15.00 to $16.00 and gave the company a "market perform" rating in a research note on Friday, December 6th. One equities research 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 presently has a consensus rating of "Hold" and a consensus target price of $17.50.
Check Out Our Latest Stock Analysis on PATH
UiPath Price Performance
The stock 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 fifty day moving average price is $13.48 and its 200-day moving average price is $12.72.
Insiders Place Their Bets
In other news, CFO Ashim Gupta sold 47,227 shares of the company's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $13.06, for a total value of $616,784.62. Following the sale, the chief financial officer now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Hitesh Ramani sold 25,000 shares of the firm's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $13.05, for a total transaction of $326,250.00. Following the transaction, the chief accounting officer now directly owns 269,421 shares of the company's stock, valued at approximately $3,515,944.05. This trade represents a 8.49 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 22.37% of the company's stock.
Institutional Trading of UiPath
A number of hedge funds have recently modified their holdings of 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 acquired a new position in shares of UiPath in the 3rd quarter valued at $26,000. Quarry LP boosted its holdings in UiPath by 654.4% during the third quarter. Quarry LP now owns 3,146 shares of the company's stock worth $40,000 after buying an additional 2,729 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new stake in UiPath during the second quarter valued at $43,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in UiPath by 124.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company's stock valued at $52,000 after buying an additional 2,274 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.
UiPath Company Profile
(
Get Free Report)
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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