Ashim Gupta Sells 47,227 Shares of UiPath Inc. (NYSE:PATH) Stock

UiPath Inc. (NYSE:PATH) CFO Ashim Gupta sold 47,227 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $13.06, for a total value of $616,784.62. Following the completion of the sale, the chief financial officer now owns 856,538 shares in the company, valued at approximately $11,186,386.28. The trade was a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

UiPath Trading Down 4.5 %

NYSE PATH opened at $13.19 on Wednesday. The firm’s fifty day simple moving average is $13.51 and its two-hundred day simple moving average is $12.75. The firm has a market capitalization of $7.25 billion, a P/E ratio of -82.44 and a beta of 0.96. UiPath Inc. has a 12-month low of $10.37 and a 12-month high of $27.87.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PATH. UBS Group assumed coverage on UiPath in a research note on Thursday, December 12th. They issued a “sell” rating and a $14.00 target price on the stock. 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. JPMorgan Chase & Co. boosted their price objective on shares of UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Wells Fargo & Company reduced their target price on shares of UiPath from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Finally, Morgan Stanley boosted their price target on UiPath from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, UiPath currently has an average rating of “Hold” and a consensus price target of $17.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC acquired a new stake in UiPath in the third quarter worth about $26,000. JTC Employer Solutions Trustee Ltd purchased a new position in shares of UiPath in the 3rd quarter valued at approximately $26,000. Quarry LP boosted its stake in UiPath by 654.4% in the 3rd quarter. Quarry LP now owns 3,146 shares of the company’s stock worth $40,000 after purchasing an additional 2,729 shares in the last quarter. Redwood Wealth Management Group LLC purchased a new stake in UiPath during the 2nd quarter worth approximately $43,000. Finally, Allspring Global Investments Holdings LLC increased its stake in UiPath by 124.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company’s stock valued at $52,000 after purchasing an additional 2,274 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other 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.