In a filing, UiPath Inc revealed its Officer HITESH RAMANI acquired Company’s shares for reported $0.31 million on Oct 03 ’24. In the deal valued at $12.33 per share,25,000 shares were bought.
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Then, ASHIM A GUPTA bought 47,227 shares, generating $582,309 in total proceeds.
Before that, Gupta Ashim sold 47,671 shares. UiPath Inc shares valued at $575,398 were divested by the COO & CFO at a price of $12.07 per share. As a result of the transaction, Gupta Ashim now holds 849,917 shares, worth roughly $10.74 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 fall -3.14% to $12.64. Over the last five days, the stock has lost -1.79%. UiPath Inc shares have fallen nearly -49.11% since the year began. Nevertheless, the stocks have fallen -18.61% over the past one year. While a 52-week high of $27.87 was reached on 02/12/24, a 52-week low of $10.37 was recorded on 08/05/24. SMA at 50 days reached $12.44, while 200 days put it at $17.05.
Levels Of Support And Resistance For PATH Stock
The 24-hour chart illustrates a support level at 12.47, which if violated will result in even more drops to 12.29. On the upside, there is a resistance level at 12.94. A further resistance level may holdings at 13.23. The Relative Strength Index (RSI) on the 14-day chart is 50.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.00%. Stochastics %K at 72.68% indicates the stock is a holding.
How much short interest is there in UiPath Inc?
A steep rise in short interest was recorded in UiPath Inc stocks on 2024-09-30, dropping by -4.41 million shares to a total of 23.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 28.17 million shares. There was a decline of -18.54%, which implies that there is a negative sentiment for the stock.
