Stifel Financial Corp Raises Holdings in UiPath Inc. (NYSE:PATH)

Stifel Financial Corp grew its holdings in UiPath Inc. (NYSE:PATH) by 30.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 323,818 shares of the company’s stock after purchasing an additional 74,959 shares during the period. Stifel Financial Corp owned about 0.06% of UiPath worth $4,145,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. bought a new position in UiPath during the 2nd quarter valued at about $69,180,000. Jacobs Levy Equity Management Inc. lifted its position in UiPath by 554.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 4,026,502 shares of the company’s stock valued at $51,539,000 after purchasing an additional 3,411,562 shares during the period. Senvest Management LLC boosted its holdings in UiPath by 16.7% in the third quarter. Senvest Management LLC now owns 10,894,483 shares of the company’s stock worth $139,449,000 after purchasing an additional 1,559,500 shares during the last quarter. Renaissance Technologies LLC bought a new stake in UiPath in the 2nd quarter worth approximately $13,280,000. Finally, AQR Capital Management LLC raised its stake in UiPath by 120.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,633,393 shares of the company’s stock valued at $20,385,000 after buying an additional 892,845 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on PATH shares. UBS Group initiated coverage on UiPath in a report on Thursday. They issued a “sell” rating and a $14.00 price objective for the company. Evercore ISI upped their price target on shares of UiPath from $13.00 to $16.00 and gave the company an “in-line” rating in a research report on Friday, September 6th. Needham & Company LLC reissued a “hold” rating on shares of UiPath in a report on Friday, December 6th. Morgan Stanley boosted their target price on shares of 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 lifted their price target on shares of UiPath from $16.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $17.50.

UiPath Trading Down 1.5 %

Shares of NYSE PATH opened at $14.01 on Monday. The firm’s fifty day moving average is $13.32 and its two-hundred day moving average is $12.58. UiPath Inc. has a 52-week low of $10.37 and a 52-week high of $27.87.

UiPath Profile

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.