In a filing, UiPath Inc. revealed its Chief Financial Officer Gupta Ashim unloaded Company’s shares for reported $0.62 million on Aug 15. In the deal valued at $15.52 per share,40,000 shares were sold. As a result of this transaction, Gupta Ashim now holds 1,344,047 shares worth roughly $ 21.75 million.
Then, Gupta Ashim sold 12,000 shares, generating $186,281 in total proceeds. Upon selling the shares at $15.52, the Chief Financial Officer now owns 183,505 shares.
Before that, Gupta Ashim sold 40,000 shares. UiPath Inc. shares valued at $737,736 were divested by the Chief Financial Officer at a price of $18.44 per share. As a result of the transaction, Gupta Ashim now holds 1,384,047 shares, worth roughly $22.39 million.
Wells Fargo downgraded its UiPath Inc. [PATH] rating to an Equal weight from a an Overweight in a research note published on Tuesday. PT values the company’s stock at a premium of 19.1 to its Tuesday closing price.
Price Performance Review of PATH
On Tuesday, UiPath Inc. [NYSE:PATH] saw its stock jump 1.83% to $16.18. On the same session, the stock had its day’s lowest price of $15.65, but rose to a high of $16.22. Over the last five days, the stock has gained 7.29%. UiPath Inc. shares have risen nearly 27.30% since the year began. Nevertheless, the stocks have risen 0.12% over the past one year. While a 52-week high of $19.94 was reached on 06/07/23, a 52-week low of $10.40 was recorded on 01/06/23. SMA at 50 days reached $16.44, while 200 days put it at $15.31. A total of 7.21 million shares were traded, compared to the trading of 4.77 million shares in the previous session.
Levels Of Support And Resistance For PATH Stock
The 24-hour chart illustrates a support level at 15.81, which if violated will result in even more drops to 15.45. On the upside, there is a resistance level at 16.38. A further resistance level may holdings at 16.59. The Relative Strength Index (RSI) on the 14-day chart is 54.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.62%. Stochastics %K at 83.71% indicates the stock is a selling.
How much short interest is there in UiPath Inc.?
A steep rise in short interest was recorded in UiPath Inc. stocks on Aug 14, 2023, growing by 3.42 million shares to a total of 44.8 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 41.38 million shares. There was a rise of 7.63%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 11.52% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.74.
UiPath Inc. [PATH] – Who Are The Largest Shareholders?
In filings from ARK Investment Management LLC, it is revealed that the company now owns 48,280,787 shares, or roughly 10.09% of the outstanding PATH shares. In other words, the investor’s shares have risen by 3,388,821 from its previous 13-F filing of 44891966.0. Additionally, The Vanguard Group, Inc. increased 16.67% of its stake after which the total value it holdings stand at $620,209,359, while Nikko Asset Management Co., Ltd. reduced -0.96% of its stake to hold $474.35 million in the firm. Over the last quarter, Nikko Asset Management Americas, sold -1,058,948 shares of UiPath Inc., while BlackRock Fund Advisors sold 2,199,937 shares. At present, Fidelity Management & Research Co is holding 15,774,235 shares valued at $285.2 million. Alkeon Capital Management LLC owned 12,780,822 shares of the company at the time of its most recent 13F filing, worth $231.08 million.
According to FactSet, UiPath Inc.’s share price will average $19.11 in the next year, based on opinions of analysts polled by the firm. This is up nearly 19.57 percent from its previous closing price of $15.89. Analysts expect UiPath Inc. stock to reach the higher price of $22.00, while the lowest price estimate is $16.00. However, 11 analysts have rated PATH stock as an Overweight in their predictions for 2023.