Quantinno Capital Management LP raised its stake in shares of UiPath, Inc. (NYSE:PATH – Free Report) by 227.0% during the first quarter, Holdings Channel reports. The firm owned 379,621 shares of the company’s stock after buying an additional 263,517 shares during the quarter. Quantinno Capital Management LP’s holdings in UiPath were worth $4,214,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in UiPath by 8.4% during the first quarter. Royal Bank of Canada now owns 140,774 shares of the company’s stock valued at $1,450,000 after buying an additional 10,872 shares during the last quarter. Woodline Partners LP grew its stake in shares of UiPath by 69.6% in the first quarter. Woodline Partners LP now owns 22,566 shares of the company’s stock worth $232,000 after acquiring an additional 9,257 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of UiPath by 5.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,477,730 shares of the company’s stock valued at $15,221,000 after acquiring an additional 75,737 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of UiPath during the second quarter valued at $169,000. Finally, Prudential Financial Inc. raised its position in shares of UiPath by 90.1% in the 2nd quarter. Prudential Financial Inc. now owns 34,029 shares of the company’s stock worth $436,000 after purchasing an additional 16,125 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.
UiPath Trading Up 7.4%
Shares of PATH stock opened at $15.04 on Friday. UiPath, Inc. has a 12-month low of $9.20 and a 12-month high of $19.84. The firm’s 50 day moving average is $11.58 and its 200 day moving average is $11.46. The stock has a market capitalization of $7.79 billion, a P/E ratio of 25.06, a P/E/G ratio of 1.68 and a beta of 0.96.
Analyst Ratings Changes
Several brokerages have recently issued reports on PATH. Wall Street Zen downgraded shares of UiPath from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Needham & Company LLC restated a “buy” rating and issued a $15.00 price objective on shares of UiPath in a report on Friday, May 29th. UBS Group lowered their price objective on UiPath from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, June 29th. New Street Research set a $13.00 target price on UiPath in a research note on Monday, June 1st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of UiPath in a report on Friday, July 10th. Two research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, UiPath has a consensus rating of “Hold” and an average target price of $13.80.
View Our Latest Report on UiPath
About UiPath
UiPath Inc provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, the United Kingdom, the Netherlands, and internationally. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric.
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