Sanctuary Advisors LLC Has $526,000 Position in UiPath Inc. (NYSE:PATH)

Sanctuary Advisors LLC boosted its position in UiPath Inc. (NYSE:PATH) by 236.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,098 shares of the company’s stock after buying an additional 28,865 shares during the quarter. Sanctuary Advisors LLC’s holdings in UiPath were worth $526,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of PATH. Cowa LLC grew its stake in shares of UiPath by 4.4% in the third quarter. Cowa LLC now owns 26,681 shares of the company’s stock valued at $342,000 after buying an additional 1,118 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its position in UiPath by 6.8% during the third quarter. Nations Financial Group Inc. IA ADV now owns 26,090 shares of the company’s stock worth $334,000 after acquiring an additional 1,654 shares during the last quarter. Amalgamated Bank grew its position in shares of UiPath by 7.1% in the third quarter. Amalgamated Bank now owns 27,312 shares of the company’s stock valued at $350,000 after purchasing an additional 1,811 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of UiPath by 10.6% during the third quarter. Thrivent Financial for Lutherans now owns 20,881 shares of the company’s stock worth $267,000 after purchasing an additional 1,995 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new stake in UiPath during the 3rd quarter worth approximately $26,000. Institutional investors own 62.50% of the company’s stock.

UiPath Trading Up 0.6 %

Shares of NYSE PATH opened at $13.13 on Thursday. The stock has a 50-day moving average price of $13.44 and a two-hundred day moving average price of $12.65. UiPath Inc. has a 12 month low of $10.37 and a 12 month high of $27.87. The company has a market cap of $7.22 billion, a price-to-earnings ratio of -82.06 and a beta of 0.94.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wells Fargo & Company lowered their price objective 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. UBS Group began coverage on shares of UiPath in a report on Thursday, December 12th. They issued a “sell” rating and a $14.00 price objective for the company. DA Davidson raised their target price on shares of UiPath from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Bank of America boosted their price target on UiPath from $16.00 to $18.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Finally, BMO Capital Markets increased their price target on UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently 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.