Hitesh Ramani Sells 25,000 Shares of UiPath Inc. (NYSE:PATH) Stock

UiPath Inc. (NYSE:PATH) CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

UiPath Trading Up 1.7 %

Shares of UiPath stock opened at $13.43 on Thursday. The firm has a market capitalization of $7.38 billion, a P/E ratio of -83.94 and a beta of 0.96. The business’s fifty day simple moving average is $13.53 and its 200 day simple moving average is $12.75. UiPath Inc. has a 12 month low of $10.37 and a 12 month high of $27.87.

Analyst Upgrades and Downgrades

A number of analysts recently commented on PATH shares. Barclays boosted their target price on UiPath from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. upped their target price on UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. UBS Group started coverage on UiPath in a report on Thursday, December 12th. They issued a “sell” rating and a $14.00 target price on the stock. Morgan Stanley upped their price objective on shares of UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Finally, BMO Capital Markets lifted their price objective on shares of UiPath from $15.00 to $16.00 and gave the company a “market perform” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, UiPath presently has a consensus rating of “Hold” and a consensus target price of $17.50.

Institutional Investors Weigh In On UiPath

A number of hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC raised its position in UiPath by 5.6% in the second quarter. Commonwealth Equity Services LLC now owns 107,468 shares of the company’s stock worth $1,363,000 after acquiring an additional 5,742 shares during the period. Van ECK Associates Corp lifted its stake in UiPath by 266.5% in the second quarter. Van ECK Associates Corp now owns 44,510 shares of the company’s stock valued at $564,000 after purchasing an additional 32,365 shares during the last quarter. CIBC Asset Management Inc grew its holdings in UiPath by 30.6% during the second quarter. CIBC Asset Management Inc now owns 13,564 shares of the company’s stock valued at $172,000 after purchasing an additional 3,177 shares during the period. Rhumbline Advisers increased its position in UiPath by 2.6% in the second quarter. Rhumbline Advisers now owns 511,011 shares of the company’s stock worth $6,480,000 after buying an additional 12,836 shares during the last quarter. Finally, TD Asset Management Inc raised its stake in shares of UiPath by 11.8% in the second quarter. TD Asset Management Inc now owns 32,200 shares of the company’s stock valued at $408,000 after buying an additional 3,400 shares during the period. 62.50% of the stock is currently owned by institutional investors.

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.