10,663 Shares in UiPath Inc. (NYSE:PATH) Bought by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC bought a new position in UiPath Inc. (NYSE:PATH) during the 3rd quarter, Holdings Channel reports. The fund bought 10,663 shares of the company’s stock, valued at approximately $136,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PATH. Worldquant Millennium Advisors LLC bought a new position in UiPath in the 3rd quarter worth approximately $19,071,000. Washington Harbour Partners LP bought a new position in UiPath during the third quarter worth $5,684,000. Weiss Asset Management LP acquired a new position in UiPath during the 3rd quarter valued at $3,105,000. Stifel Financial Corp boosted its holdings in UiPath by 30.1% in the 3rd quarter. Stifel Financial Corp now owns 323,818 shares of the company’s stock valued at $4,145,000 after purchasing an additional 74,959 shares during the period. Finally, Quantinno Capital Management LP acquired a new stake in UiPath in the 3rd quarter worth $154,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Barclays increased their target price on shares of UiPath from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. BMO Capital Markets raised their price objective on UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. DA Davidson boosted their price objective on UiPath from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. raised their target price on UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, TD Cowen decreased their price target on shares of UiPath from $17.00 to $16.00 and set a “hold” rating on the stock in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $17.50.

UiPath Trading Down 1.5 %

Shares of UiPath stock opened at $14.02 on Friday. UiPath Inc. has a 1-year low of $10.37 and a 1-year high of $27.87. The firm’s 50-day moving average price is $13.32 and its two-hundred day moving average price is $12.66. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of -87.59 and a beta of 0.94.

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.