UiPath, Inc. (NYSE:PATH – Get Free Report) CAO Hitesh Ramani sold 10,000 shares of the business’s stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $15.73, for a total value of $157,300.00. Following the sale, the chief accounting officer directly owned 212,776 shares of the company’s stock, valued at $3,346,966.48. This represents a 4.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Hitesh Ramani also recently made the following trade(s):
- On Wednesday, October 15th, Hitesh Ramani sold 10,000 shares of UiPath stock. The shares were sold at an average price of $16.68, for a total value of $166,800.00.
- On Monday, October 13th, Hitesh Ramani sold 10,000 shares of UiPath stock. The shares were sold at an average price of $17.01, for a total value of $170,100.00.
UiPath Stock Performance
NYSE:PATH opened at $15.44 on Friday. The stock has a 50-day simple moving average of $12.52 and a two-hundred day simple moving average of $12.23. UiPath, Inc. has a 52-week low of $9.38 and a 52-week high of $18.74. The firm has a market capitalization of $8.20 billion, a PE ratio of 514.77, a P/E/G ratio of 5.71 and a beta of 1.07.
Analyst Ratings Changes
Several analysts have issued reports on the company. BMO Capital Markets boosted their price target on UiPath from $12.50 to $13.00 and gave the company a “market perform” rating in a report on Thursday, October 2nd. Cowen restated a “hold” rating on shares of UiPath in a research report on Friday, September 5th. Needham & Company LLC restated a “hold” rating on shares of UiPath in a research report on Friday, September 5th. Zacks Research upgraded UiPath from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 8th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of UiPath in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.21.
View Our Latest Stock Analysis on PATH
Institutional Investors Weigh In On UiPath
A number of hedge funds have recently made changes to their positions in the company. 180 Wealth Advisors LLC lifted its position in shares of UiPath by 0.7% in the third quarter. 180 Wealth Advisors LLC now owns 537,172 shares of the company’s stock worth $7,187,000 after buying an additional 3,647 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its position in shares of UiPath by 249.2% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 75,050 shares of the company’s stock worth $1,004,000 after buying an additional 53,555 shares in the last quarter. Silverberg Bernstein Capital Management LLC purchased a new stake in shares of UiPath in the third quarter worth about $165,000. Graphene Investments SAS lifted its position in shares of UiPath by 4.4% in the third quarter. Graphene Investments SAS now owns 224,600 shares of the company’s stock worth $3,005,000 after buying an additional 9,400 shares in the last quarter. Finally, American Trust purchased a new stake in shares of UiPath in the second quarter worth about $148,000. 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.
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