Captrust Financial Advisors Grows Stake in UiPath Inc. (NYSE:PATH)

Captrust Financial Advisors boosted its holdings in shares of UiPath Inc. (NYSE:PATH – Free Report) by 52.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 36,225 shares of the company’s stock after buying an additional 12,402 shares during the quarter. Captrust Financial Advisors’ holdings in UiPath were worth $464,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC purchased a new position in shares of UiPath in the third quarter worth about $26,000. JTC Employer Solutions Trustee Ltd acquired a new stake in UiPath during the 3rd quarter valued at approximately $26,000. Hantz Financial Services Inc. purchased a new stake in shares of UiPath in the 2nd quarter valued at $28,000. Redwood Wealth Management Group LLC acquired a new stake in shares of UiPath in the second quarter worth $43,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of UiPath by 124.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company’s stock worth $52,000 after purchasing an additional 2,274 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PATH has been the topic of several analyst reports. Evercore ISI increased their price target on UiPath from $13.00 to $16.00 and gave the stock an “in-line” rating in a research report on Friday, September 6th. UBS Group initiated coverage on UiPath in a research report on Thursday. They set a “sell” rating and a $14.00 price target for the company. Bank of America upped their price objective on UiPath from $16.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $16.00 target price on shares of UiPath in a research note on Friday, December 6th. Finally, TD Cowen decreased their price objective on shares of UiPath from $17.00 to $16.00 and set a “hold” rating for the company in a research report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, UiPath has a consensus rating of “Hold” and an average target price of $17.50.

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UiPath Trading Down 2.7 %

PATH stock opened at $14.24 on Friday. The firm has a 50-day moving average of $13.29 and a two-hundred day moving average of $12.70. UiPath Inc. has a 12 month low of $10.37 and a 12 month high of $27.87. The company has a market cap of $7.83 billion, a price-to-earnings ratio of -89.00 and a beta of 0.94.

UiPath Company Profile

(Free Report)

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.