UiPath Inc. (NASDAQ:PATH) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $51.01 and last traded at $51.74, with a volume of 36982 shares traded. The stock had previously closed at $51.89.
A number of equities analysts have issued reports on the stock. Truist Securities raised their target price on shares of UiPath from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, June 9th. Barclays raised shares of UiPath from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $70.00 to $71.00 in a report on Friday. KeyCorp lifted their price target on UiPath from $82.00 to $86.00 and gave the company an “overweight” rating in a report on Wednesday, June 9th. Wells Fargo & Company cut their price target on UiPath from $75.00 to $65.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 8th. They noted that the move was a valuation call. Finally, Summit Redstone began coverage on UiPath in a report on Monday, July 12th. They set a “sell” rating and a $40.00 price target on the stock. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $71.62.
The company’s 50 day moving average is $60.89.
In other UiPath news, CFO Ashim Gupta sold 20,000 shares of UiPath stock in a transaction that occurred on Thursday, September 9th. The shares were sold at an average price of $56.10, for a total transaction of $1,122,000.00. Following the transaction, the chief financial officer now directly owns 598,091 shares in the company, valued at approximately $33,552,905.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brad Brubaker sold 6,700 shares of UiPath stock in a transaction that occurred on Friday, August 13th. The stock was sold at an average price of $62.13, for a total transaction of $416,271.00. Following the transaction, the insider now owns 6,700 shares in the company, valued at $416,271. The disclosure for this sale can be found here. In the last 90 days, insiders sold 471,052 shares of company stock worth $28,037,145. 28.60% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Trustcore Financial Services LLC acquired a new stake in shares of UiPath during the 2nd quarter valued at $29,000. Sierra Capital LLC acquired a new stake in shares of UiPath during the 2nd quarter valued at $34,000. Harbor Investment Advisory LLC acquired a new stake in shares of UiPath during the 2nd quarter valued at $42,000. Valley National Advisers Inc. acquired a new stake in shares of UiPath during the 2nd quarter valued at $48,000. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of UiPath during the 2nd quarter valued at $51,000. Hedge funds and other institutional investors own 31.14% of the company’s stock.
UiPath Company Profile (NASDAQ:PATH)
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, and Japan. It develops UiPath Studio, a platform designed for RPA developers looking to build complex process automations with built-in governance capabilities, such as robust debugging tools, application programming interface automation, wizards to automate desktop or web applications, leverage custom code, and to integrate machine learning models into production workflows.
Further Reading: Dual Listing What You Need to Know
Receive News & Ratings for UiPath Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UiPath and related companies with MarketBeat.com's FREE daily email newsletter.