Insider Selling: UiPath Inc. (NYSE:PATH) CAO Sells $326,250.00 in Stock

UiPath Inc. (NYSE:PATH) CAO Hitesh Ramani sold 25,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 269,421 shares of the company’s stock, valued at approximately $3,515,944.05. This represents a 8.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

UiPath Stock Performance

NYSE:PATH opened at $13.43 on Thursday. The company has a market capitalization of $7.38 billion, a PE ratio of -83.94 and a beta of 0.96. UiPath Inc. has a fifty-two week low of $10.37 and a fifty-two week high of $27.87. The company has a 50 day simple moving average of $13.53 and a two-hundred day simple moving average of $12.75.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PATH shares. UBS Group started coverage on UiPath in a research note on Thursday, December 12th. They issued a “sell” rating and a $14.00 price target on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $16.00 target price on shares of UiPath in a research note on Friday, December 6th. Barclays raised their price target on shares of UiPath from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a research report on Thursday, December 19th. Finally, BMO Capital Markets raised their target price on shares of UiPath from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, UiPath presently has an average rating of “Hold” and an average target price of $17.50.

Institutional Investors Weigh In On UiPath

Several large investors have recently modified their holdings of PATH. Pacer Advisors Inc. bought a new stake in UiPath during the second quarter valued at $69,180,000. Jacobs Levy Equity Management Inc. lifted its stake in shares of UiPath by 554.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,026,502 shares of the company’s stock valued at $51,539,000 after purchasing an additional 3,411,562 shares during the period. Senvest Management LLC boosted its position in shares of UiPath by 16.7% during the 3rd quarter. Senvest Management LLC now owns 10,894,483 shares of the company’s stock valued at $139,449,000 after purchasing an additional 1,559,500 shares in the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in UiPath during the third quarter worth approximately $19,071,000. Finally, Renaissance Technologies LLC acquired a new stake in UiPath during the second quarter worth approximately $13,280,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

About UiPath

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.