UiPath Inc. (NYSE:PATH) CAO Sells $127,375.00 in Stock

UiPath Inc. (NYSE:PATH) CAO Hitesh Ramani sold 12,500 shares of UiPath stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $10.19, for a total value of $127,375.00. Following the sale, the chief accounting officer now directly owns 314,891 shares in the company, valued at $3,208,739.29. The trade was a 3.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

UiPath Stock Performance

UiPath stock opened at $9.88 on Wednesday. UiPath Inc. has a 52 week low of $9.38 and a 52 week high of $21.90. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of -61.72 and a beta of 1.04. The company has a 50 day moving average price of $12.30 and a 200 day moving average price of $12.92.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Jackson Creek Investment Advisors LLC acquired a new stake in UiPath during the 4th quarter worth about $298,000. Stifel Financial Corp increased its stake in UiPath by 30.1% in the 3rd quarter. Stifel Financial Corp now owns 323,818 shares of the company’s stock valued at $4,145,000 after buying an additional 74,959 shares during the period. Principal Financial Group Inc. increased its stake in UiPath by 10.5% in the 3rd quarter. Principal Financial Group Inc. now owns 36,685 shares of the company’s stock valued at $470,000 after buying an additional 3,477 shares during the period. Geode Capital Management LLC lifted its position in UiPath by 7.2% in the 3rd quarter. Geode Capital Management LLC now owns 7,312,068 shares of the company’s stock worth $93,619,000 after buying an additional 493,502 shares in the last quarter. Finally, ING Groep NV acquired a new stake in shares of UiPath during the 4th quarter valued at $3,120,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on PATH. Royal Bank of Canada restated a “sector perform” rating and set a $13.00 price objective on shares of UiPath in a research note on Wednesday, March 26th. Canaccord Genuity Group dropped their price target on shares of UiPath from $19.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. UBS Group decreased their price objective on shares of UiPath from $14.00 to $10.00 and set a “sell” rating for the company in a report on Thursday, March 13th. Scotiabank dropped their target price on UiPath from $15.00 to $12.00 and set a “sector perform” rating on the stock in a report on Thursday, March 13th. Finally, Mizuho decreased their price target on UiPath from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $12.78.

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.