In a filing, UiPath Inc revealed its Officer HITESH RAMANI acquired Company’s shares for reported $0.17 million on Feb 25 ’25. In the deal valued at $13.24 per share,12,500 shares were bought.
Then, Ramani Hitesh sold 25,000 shares, generating $326,162 in total proceeds. Upon selling the shares at $13.05, the Chief Accounting Officer now owns 269,421 shares.
Before that, Gupta Ashim sold 47,227 shares. UiPath Inc shares valued at $616,889 were divested by the COO & CFO at a price of $13.06 per share. As a result of the transaction, Gupta Ashim now holds 856,538 shares, worth roughly $10.82 million.
UBS initiated its UiPath Inc [PATH] rating to a Sell in a research note published recently. A number of analysts have revised their coverage, including Macquarie’s analysts, who decreased its forecast for the stock in early June from “an Outperform” to “a Neutral”. William Blair also remained covering PATH and has decreased its forecast on May 30, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. Truist 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 -4.61% to $12.63. Over the last five days, the stock has lost -15.23%. UiPath Inc shares have fallen nearly -0.63% since the year began. Nevertheless, the stocks have fallen -46.07% over the past one year. While a 52-week high of $25.47 was reached on 02/13/25, a 52-week low of $10.37 was recorded on 02/25/25. SMA at 50 days reached $13.73, while 200 days put it at $13.37.
Levels Of Support And Resistance For PATH Stock
The 24-hour chart illustrates a support level at 12.29, which if violated will result in even more drops to 11.96. On the upside, there is a resistance level at 13.04. A further resistance level may holdings at 13.46. The Relative Strength Index (RSI) on the 14-day chart is 36.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.42%. Stochastics %K at 9.46% indicates the stock is a buying.
