Captrust Financial Advisors Boosts Holdings in UiPath Inc. (NYSE:PATH)

Captrust Financial Advisors raised its stake in shares of UiPath Inc. (NYSE:PATH) by 52.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of PATH. Senvest Management LLC grew its stake in UiPath by 16.7% during the third quarter. Senvest Management LLC now owns 10,894,483 shares of the company’s stock valued at $139,449,000 after acquiring an additional 1,559,500 shares in the last quarter. Pacer Advisors Inc. purchased a new position in shares of UiPath during the second quarter valued at about $69,180,000. Charles Schwab Investment Management Inc. increased its holdings in shares of UiPath by 11.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,890,360 shares of the company’s stock worth $36,997,000 after purchasing an additional 291,171 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of UiPath by 37.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,783,571 shares of the company’s stock worth $35,296,000 after buying an additional 754,519 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in UiPath by 20.8% during the second quarter. Bank of New York Mellon Corp now owns 2,552,921 shares of the company’s stock valued at $32,371,000 after buying an additional 439,344 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

UiPath Stock Down 2.7 %

Shares of NYSE PATH opened at $14.24 on Friday. UiPath Inc. has a twelve month low of $10.37 and a twelve month high of $27.87. The business has a fifty day simple moving average of $13.29 and a two-hundred day simple moving average of $12.70. The firm has a market cap of $7.83 billion, a PE ratio of -89.00 and a beta of 0.94.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on PATH shares. JPMorgan Chase & Co. upped their price objective on UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Wells Fargo & Company lowered their price objective on shares of UiPath from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. BMO Capital Markets lifted their price objective on shares of UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Royal Bank of Canada restated a “sector perform” rating and set a $16.00 target price on shares of UiPath in a research report on Friday, December 6th. Finally, UBS Group assumed coverage on UiPath in a research note on Thursday. They set a “sell” rating and a $14.00 price objective on the stock. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, UiPath currently has a consensus rating of “Hold” and an average price target of $17.50.

UiPath Company 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.