Technology stocks have mounted a stellar rally since their June low, but even so, many of the stocks are trading well below their highs. Yes, the surge by technology stocks in 2021 was excessive, but for contrarian investors, the subsequent selling was overdone.
That’s the situation with UiPath Inc (NYSE:PATH), a provider of enterprise software used in the robotic process automation (RPA) industry.
There has been strong insider buying of PATH stock, which is always a positive sign. Over the last six months, insiders have added a net 5.6 million common shares of UiPath Inc.
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