UiPath, Inc. (NYSE:PATH – Get Free Report) insider Brad Brubaker sold 66,665 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $15.00, for a total transaction of $999,975.00. Following the completion of the sale, the insider directly owned 690,519 shares of the company’s stock, valued at $10,357,785. The trade was a 8.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Brad Brubaker also recently made the following trade(s):
- On Tuesday, September 30th, Brad Brubaker sold 16,083 shares of UiPath stock. The shares were sold at an average price of $15.00, for a total transaction of $241,245.00.
UiPath Stock Up 12.5%
Shares of NYSE:PATH opened at $14.51 on Tuesday. The firm has a 50 day moving average of $11.61 and a 200 day moving average of $11.89. The company has a market capitalization of $7.71 billion, a price-to-earnings ratio of 483.67, a price-to-earnings-growth ratio of 4.77 and a beta of 1.07. UiPath, Inc. has a 52 week low of $9.38 and a 52 week high of $15.93.
Wall Street Analysts Forecast Growth
Several research firms have commented on PATH. Cowen reissued a “hold” rating on shares of UiPath in a research report on Friday, September 5th. Truist Financial reduced their price objective on shares of UiPath from $13.00 to $12.00 and set a “hold” rating for the company in a research note on Friday, September 5th. BMO Capital Markets increased their target price on shares of UiPath from $12.50 to $13.00 and gave the company a “market perform” rating in a research report on Thursday. Zacks Research raised shares of UiPath from a “hold” rating to a “strong-buy” rating in a report on Monday, September 8th. Finally, DA Davidson assumed coverage on UiPath in a research report on Friday, September 5th. They set a “neutral” rating and a $12.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, UiPath presently has a consensus rating of “Hold” and a consensus price target of $13.21.
View Our Latest Report on PATH
Institutional Investors Weigh In On UiPath
A number of large investors have recently made changes to their positions in PATH. Bank of Nova Scotia purchased a new position in UiPath in the 1st quarter worth $3,907,000. Jump Financial LLC acquired a new position in shares of UiPath in the first quarter valued at about $11,016,000. Deutsche Bank AG raised its stake in shares of UiPath by 3.8% in the first quarter. Deutsche Bank AG now owns 1,562,306 shares of the company’s stock worth $16,092,000 after purchasing an additional 56,721 shares during the last quarter. Pallas Capital Advisors LLC lifted its holdings in shares of UiPath by 24.8% during the second quarter. Pallas Capital Advisors LLC now owns 105,834 shares of the company’s stock worth $1,355,000 after purchasing an additional 21,058 shares during the period. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of UiPath by 12.7% during the first quarter. Canada Pension Plan Investment Board now owns 1,809,200 shares of the company’s stock worth $18,635,000 after purchasing an additional 204,400 shares during the period. 62.50% of the stock is 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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