Stifel Financial Corp Acquires 74,959 Shares of UiPath Inc. (NYSE:PATH)

Stifel Financial Corp lifted its holdings in UiPath Inc. (NYSE:PATH) by 30.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 323,818 shares of the company’s stock after buying an additional 74,959 shares during the period. Stifel Financial Corp’s holdings in UiPath were worth $4,145,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Quantinno Capital Management LP bought a new stake in UiPath during the third quarter worth approximately $154,000. Quarry LP boosted its holdings in shares of UiPath by 654.4% in the 3rd quarter. Quarry LP now owns 3,146 shares of the company’s stock worth $40,000 after purchasing an additional 2,729 shares during the period. Petrus Trust Company LTA bought a new position in shares of UiPath during the 3rd quarter valued at approximately $788,000. Invenomic Capital Management LP purchased a new stake in UiPath during the 3rd quarter valued at $4,546,000. Finally, Investment Management Corp of Ontario bought a new stake in UiPath in the third quarter worth $285,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

UiPath Price Performance

PATH opened at $14.01 on Monday. UiPath Inc. has a 12-month low of $10.37 and a 12-month high of $27.87. The business’s fifty day simple moving average is $13.32 and its 200-day simple moving average is $12.58.

Analyst Upgrades and Downgrades

PATH has been the topic of a number of analyst reports. Bank of America boosted their price objective on shares of UiPath from $16.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. UBS Group initiated coverage on shares of UiPath in a report on Thursday. They set a “sell” rating and a $14.00 price target on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $16.00 price objective on shares of UiPath in a research note on Friday, December 6th. TD Cowen cut their target price on UiPath from $17.00 to $16.00 and set a “hold” rating on the stock in a research note on Friday, September 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a report on Friday, December 6th. One investment 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.