The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. UiPath Inc shares valued at $866,268 were sold by Gupta Ashim on Apr 04 ’24. At $21.66 per share, Gupta Ashim sold 40,000 shares. The insider’s holdings dropped to 660,762 shares worth approximately $12.58 million following the completion of this transaction.
Also, Gupta Ashim sold 16,000 shares, netting a total of over 346,510 in proceeds. Following the sale of shares at $21.66 each, the insider now holds 71,505 shares.
Before that, Gupta Ashim had sold 16,000 shares from its account. In a trade valued at $365,370, the Chief Financial Officer traded UiPath Inc shares for $22.84 each. Upon closing the transaction, the insider’s holdings decreased to 16,000 shares, worth approximately $1.67 million.
Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in mid March. As of March 14, 2024, Needham has reiterated its “Buy” rating for PATH. Earlier on February 21, 2024, Scotiabank initiated its rating. Their recommendation was “a Sector perform” for PATH stock.
Analyzing PATH Stock Performance
During the last five days, there has been a drop of approximately -10.65%. Over the course of the year, UiPath Inc shares have dropped approximately -23.35%. Shares of the company reached a 52-week high of $27.87 on 02/12/24 and a 52-week low of $18.93 on 04/18/24. A 50-day SMA is recorded $22.97, while a 200-day SMA reached $19.91. Nevertheless, trading volume fell to 4.72 million shares from 7.33 million shares the previous day.
Support And Resistance Levels for UiPath Inc (PATH)
According to the 24-hour chart, there is a support level at 18.85, which, if violated, would cause prices to drop to 18.65. In the upper region, resistance lies at 19.32. The next price resistance is at 19.59. RSI (Relative Strength Index) is 23.23 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.65, which suggests the price will decrease in the coming days. Percent R is at 97.18%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
