12,011 Shares in UiPath Inc. (NYSE:PATH) Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP purchased a new stake in shares of UiPath Inc. (NYSE:PATH) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 12,011 shares of the company’s stock, valued at approximately $154,000.

Several other large investors have also recently made changes to their positions in PATH. Future Financial Wealth Managment LLC bought a new stake in UiPath in the third quarter valued at approximately $26,000. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of UiPath during the third quarter worth about $26,000. Hantz Financial Services Inc. purchased a new position in UiPath during the 2nd quarter valued at about $28,000. Quarry LP lifted its holdings in UiPath by 654.4% in the 3rd quarter. Quarry LP now owns 3,146 shares of the company’s stock worth $40,000 after buying an additional 2,729 shares during the period. Finally, Redwood Wealth Management Group LLC purchased a new position in shares of UiPath during the second quarter valued at approximately $43,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

UiPath Stock Down 1.1 %

Shares of NYSE:PATH opened at $13.91 on Wednesday. The stock has a market capitalization of $7.64 billion, a PE ratio of -86.94 and a beta of 0.94. The firm’s 50 day moving average price is $13.39 and its 200-day moving average price is $12.61. UiPath Inc. has a twelve month low of $10.37 and a twelve month high of $27.87.

Wall Street Analysts Forecast Growth

PATH has been the subject of several research reports. Needham & Company LLC restated a “hold” rating on shares of UiPath in a report on Friday, December 6th. Barclays upped their target price on UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Wells Fargo & Company dropped their price target on UiPath from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. BMO Capital Markets increased their price objective on UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Finally, Bank of America upped their target price on shares of 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 given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $17.50.

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.