Quantinno Capital Management LP Purchases Shares of 12,011 UiPath Inc. (NYSE:PATH)

Quantinno Capital Management LP purchased a new position in shares of UiPath Inc. (NYSE:PATH) during the third quarter, Holdings Channel.com reports. The fund purchased 12,011 shares of the company’s stock, valued at approximately $154,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of PATH. Future Financial Wealth Managment LLC purchased a new stake in UiPath during the 3rd quarter worth approximately $26,000. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of UiPath during the third quarter valued at $26,000. Hantz Financial Services Inc. acquired a new position in shares of UiPath in the 2nd quarter valued at $28,000. Quarry LP raised its stake 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 acquiring an additional 2,729 shares during the last quarter. Finally, Redwood Wealth Management Group LLC acquired a new stake in UiPath during the 2nd quarter worth about $43,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PATH has been the subject of several research analyst reports. Needham & Company LLC restated a “hold” rating on shares of UiPath in a research note on Friday, December 6th. JPMorgan Chase & Co. raised their price target on shares of UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Bank of America upped their price objective on shares of UiPath from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Evercore ISI raised their target price on shares of UiPath from $13.00 to $16.00 and gave the stock an “in-line” rating in a report on Friday, September 6th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $16.00 price target on shares of UiPath in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $17.50.

UiPath Price Performance

Shares of NYSE:PATH opened at $13.91 on Wednesday. The business’s 50 day moving average price is $13.39 and its 200-day moving average price is $12.61. UiPath Inc. has a 1 year low of $10.37 and a 1 year high of $27.87. The firm has a market capitalization of $7.64 billion, a price-to-earnings ratio of -86.94 and a beta of 0.94.

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.