UiPath Inc’s filing revealed that its Chief Financial Officer Gupta Ashim unloaded Company’s shares for reported $0.79 million on May 06 ’24. In the deal valued at $19.79 per share,40,000 shares were sold. As a result of this transaction, Gupta Ashim now holds 946,848 shares worth roughly $12.27 million.
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Then, Gupta Ashim sold 16,000 shares, generating $316,589 in total proceeds. Upon selling the shares at $19.79, the Chief Financial Officer now owns 55,505 shares.
Before that, Gupta Ashim sold 40,000 shares. UiPath Inc shares valued at $866,268 were divested by the Chief Financial Officer at a price of $21.66 per share. As a result of the transaction, Gupta Ashim now holds 660,762 shares, worth roughly $8.56 million.
Macquarie downgraded its UiPath Inc [PATH] rating to a Neutral from a an Outperform in a research note published on June 03, 2024; the price target was decreased to $12 from $29. A number of analysts have revised their coverage, including William Blair’s analysts, who decreased its forecast for the stock in late May from “an Outperform” to “a Mkt perform”. Truist also remained covering PATH and has decreased its forecast on May 30, 2024 with a “Hold” recommendation from previously “Buy” rating. TD Cowen revised its rating on May 30, 2024. It rated PATH as “a Hold” which previously was an “a Buy”.
Price Performance Review of PATH
On Tuesday, UiPath Inc [NYSE:PATH] saw its stock jump 0.62% to $12.96. Over the last five days, the stock has gained 8.63%. UiPath Inc shares have fallen nearly -47.83% since the year began. Nevertheless, the stocks have fallen -21.79% over the past one year. While a 52-week high of $27.87 was reached on 02/12/24, a 52-week low of $11.07 was recorded on 06/20/24. SMA at 50 days reached $16.09, while 200 days put it at $19.78. A total of 8.37 million shares were traded, compared to the trading of 13.03 million shares in the previous session.
Levels Of Support And Resistance For PATH Stock
The 24-hour chart illustrates a support level at 12.79, which if violated will result in even more drops to 12.63. On the upside, there is a resistance level at 13.14. A further resistance level may holdings at 13.33. The Relative Strength Index (RSI) on the 14-day chart is 42.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 9.57%. Stochastics%K at 94.31% indicates the stock is a selling.
