UiPath Inc’s recently made public that its Chief Financial Officer Gupta Ashim unloaded Company’s shares for reported $0.87 million on Apr 04 ’24. In the deal valued at $21.66 per share,40,000 shares were sold. As a result of this transaction, Gupta Ashim now holds 660,762 shares worth roughly $13.12 million.
Then, Gupta Ashim sold 16,000 shares, generating $346,510 in total proceeds. Upon selling the shares at $21.66, the Chief Financial Officer now owns 71,505 shares.
Before that, Gupta Ashim sold 16,000 shares. UiPath Inc shares valued at $365,370 were divested by the Chief Financial Officer at a price of $22.84 per share. As a result of the transaction, Gupta Ashim now holds 87,505 shares, worth roughly $1.74 million.
A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid March from “a Neutral” to “an Overweight”. Needham also remained covering PATH and reiterated its “Buy” recommendation on March 14, 2024. Scotiabank started covering the stock on February 21, 2024. It rated PATH as “a Sector perform”.
Price Performance Review of PATH
On Monday, UiPath Inc [NYSE:PATH] saw its stock jump 1.90% to $19.85. Over the last five days, the stock has gained 0.46%. UiPath Inc shares have fallen nearly -20.09% since the year began. Nevertheless, the stocks have risen 58.67% over the past one year. While a 52-week high of $27.87 was reached on 02/12/24, a 52-week low of $12.38 was recorded on 04/22/24. SMA at 50 days reached $21.70, while 200 days put it at $20.01. A total of 4.2 million shares were traded, compared to the trading of 4.6 million shares in the previous session.
Levels Of Support And Resistance For PATH Stock
The 24-hour chart illustrates a support level at 19.67, which if violated will result in even more drops to 19.48. On the upside, there is a resistance level at 19.97. A further resistance level may holdings at 20.08. The Relative Strength Index (RSI) on the 14-day chart is 44.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.72%. Stochastics %K at 64.36% indicates the stock is a holding.
The most recent change occurred on January 02, 2024 when William Blair began covering the stock and recommended ‘”an Outperform”‘ rating .
