Concurrent Investment Advisors LLC Buys 10,445 Shares of UiPath Inc. (NYSE:PATH)

Concurrent Investment Advisors LLC raised its stake in shares of UiPath Inc. (NYSE:PATH) by 41.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 35,536 shares of the healthcare company’s stock after acquiring an additional 10,445 shares during the period. Concurrent Investment Advisors LLC’s holdings in UiPath were worth $451,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Mark Sheptoff Financial Planning LLC bought a new position in UiPath during the 4th quarter valued at $25,000. ORG Partners LLC increased its position in shares of UiPath by 875.6% during the 1st quarter. ORG Partners LLC now owns 1,239 shares of the healthcare company’s stock valued at $27,000 after purchasing an additional 1,112 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of UiPath during the 2nd quarter valued at $28,000. Lindbrook Capital LLC increased its position in shares of UiPath by 46.0% during the 1st quarter. Lindbrook Capital LLC now owns 2,027 shares of the healthcare company’s stock valued at $46,000 after purchasing an additional 639 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of UiPath by 40.2% during the 1st quarter. GAMMA Investing LLC now owns 2,204 shares of the healthcare company’s stock valued at $50,000 after purchasing an additional 632 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

UiPath Stock Down 2.2 %

PATH stock opened at $12.60 on Wednesday. The firm has a market capitalization of $7.22 billion, a PE ratio of -78.75 and a beta of 0.86. UiPath Inc. has a twelve month low of $10.37 and a twelve month high of $27.87. The stock has a 50-day simple moving average of $12.21 and a two-hundred day simple moving average of $16.86.

Analyst Ratings Changes

Several brokerages have recently issued reports on PATH. KeyCorp reaffirmed a “sector weight” rating on shares of UiPath in a research report on Thursday, May 30th. TD Cowen reaffirmed a “hold” rating and set a $17.00 target price (down from $28.00) on shares of UiPath in a research report on Thursday, May 30th. Scotiabank decreased their target price on UiPath from $30.00 to $25.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 29th. BMO Capital Markets decreased their price objective on UiPath from $28.00 to $14.00 and set a “market perform” rating for the company in a report on Monday, June 3rd. Finally, Truist Financial reissued a “hold” rating and issued a $14.00 price objective (down previously from $32.00) on shares of UiPath in a report on Thursday, May 30th. Sixteen analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $17.94.

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.