UiPath Inc. (NASDAQ:PATH)’s stock price reached a new 52-week low on Wednesday . The company traded as low as $52.95 and last traded at $53.16, with a volume of 201765 shares. The stock had previously closed at $55.89.
A number of equities analysts have weighed in on PATH shares. Berenberg Bank started coverage on shares of UiPath in a research report on Wednesday, May 19th. They set a “hold” rating and a $64.00 price objective for the company. Wells Fargo & Company dropped their target price on shares of UiPath from $75.00 to $65.00 and set an “equal weight” rating for the company in a report on Wednesday, September 8th. They noted that the move was a valuation call. Truist upped their target price on shares of UiPath from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, June 9th. Canaccord Genuity raised shares of UiPath to a “hold” rating and dropped their target price for the stock from $75.00 to $65.00 in a report on Wednesday, September 8th. Finally, Morgan Stanley upped their target price on shares of UiPath from $72.00 to $74.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 8th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, UiPath has a consensus rating of “Hold” and a consensus target price of $71.57.
The business’s fifty day moving average is $62.02.
In other news, Director Philippe Botteri sold 163,539 shares of the firm’s stock in a transaction that occurred on Monday, August 16th. The shares were sold at an average price of $60.18, for a total transaction of $9,841,777.02. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Brad Brubaker sold 6,700 shares of UiPath stock in a transaction on Friday, August 13th. The shares were sold at an average price of $62.13, for a total transaction of $416,271.00. Following the completion of the transaction, the insider now owns 6,700 shares in the company, valued at $416,271. The disclosure for this sale can be found here. In the last three months, insiders have sold 490,052 shares of company stock worth $29,380,065. 28.60% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of PATH. Price T Rowe Associates Inc. MD acquired a new stake in UiPath in the second quarter valued at $1,521,290,000. ARK Investment Management LLC acquired a new stake in UiPath in the second quarter valued at $806,729,000. Coatue Management LLC acquired a new stake in UiPath in the second quarter valued at $769,807,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in UiPath in the second quarter valued at $409,526,000. Finally, Nikko Asset Management Americas Inc. acquired a new position in shares of UiPath during the 2nd quarter worth $411,517,000. Hedge funds and other institutional investors own 31.14% of the company’s stock.
UiPath Company Profile (NASDAQ:PATH)
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, and Japan. It develops UiPath Studio, a platform designed for RPA developers looking to build complex process automations with built-in governance capabilities, such as robust debugging tools, application programming interface automation, wizards to automate desktop or web applications, leverage custom code, and to integrate machine learning models into production workflows.
Further Reading: How is a Moving Average Calculated?
Receive News & Ratings for UiPath Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UiPath and related companies with MarketBeat.com's FREE daily email newsletter.