UiPath Inc. (NYSE:PATH) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC grew its holdings in shares of UiPath Inc. (NYSE:PATH) by 593.0% in the third quarter, HoldingsChannel reports. The fund owned 195,000 shares of the company’s stock after buying an additional 166,863 shares during the period. Janus Henderson Group PLC’s holdings in UiPath were worth $2,495,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in PATH. Cowa LLC lifted its stake in UiPath by 4.4% in the 3rd quarter. Cowa LLC now owns 26,681 shares of the company’s stock worth $342,000 after acquiring an additional 1,118 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its stake in shares of UiPath by 6.8% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 26,090 shares of the company’s stock worth $334,000 after purchasing an additional 1,654 shares in the last quarter. Amalgamated Bank raised its stake in shares of UiPath by 7.1% during the 3rd quarter. Amalgamated Bank now owns 27,312 shares of the company’s stock worth $350,000 after purchasing an additional 1,811 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of UiPath by 10.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 20,881 shares of the company’s stock valued at $267,000 after acquiring an additional 1,995 shares in the last quarter. Finally, Future Financial Wealth Managment LLC bought a new position in shares of UiPath in the 3rd quarter valued at approximately $26,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PATH. BMO Capital Markets raised their target price on UiPath from $15.00 to $16.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Evercore ISI raised their target price on UiPath from $13.00 to $16.00 and gave the stock an “in-line” rating in a research report on Friday, September 6th. TD Cowen cut their price objective on UiPath from $17.00 to $16.00 and set a “hold” rating for the company in a research report on Friday, September 6th. Barclays lifted their price objective on UiPath from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Finally, Bank of America boosted their target price on UiPath from $16.00 to $18.00 and gave the stock a “neutral” rating in a research report 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 assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $17.50.

UiPath Stock Performance

Shares of PATH opened at $14.24 on Friday. The firm has a market cap of $7.83 billion, a price-to-earnings ratio of -89.00 and a beta of 0.94. UiPath Inc. has a 52-week low of $10.37 and a 52-week high of $27.87. The business’s fifty day moving average is $13.29 and its 200-day moving average is $12.70.

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.