10,663 Shares in UiPath Inc. (NYSE:PATH) Acquired by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC bought a new position in shares of UiPath Inc. (NYSE:PATH) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,663 shares of the company’s stock, valued at approximately $136,000.

Several other hedge funds have also recently added to or reduced their stakes in PATH. CWM LLC boosted its stake in shares of UiPath by 13.9% during the 2nd quarter. CWM LLC now owns 17,877 shares of the company’s stock worth $227,000 after acquiring an additional 2,185 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of UiPath by 18.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 36,034 shares of the company’s stock valued at $457,000 after purchasing an additional 5,555 shares during the period. Swedbank AB purchased a new position in UiPath in the 2nd quarter worth about $277,000. Assenagon Asset Management S.A. raised its holdings in UiPath by 719.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 163,923 shares of the company’s stock worth $2,079,000 after buying an additional 143,907 shares during the period. Finally, Blue Trust Inc. lifted its stake in UiPath by 135.6% during the second quarter. Blue Trust Inc. now owns 22,046 shares of the company’s stock valued at $280,000 after buying an additional 12,688 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

UiPath Price Performance

NYSE PATH opened at $14.02 on Friday. The firm has a market cap of $7.71 billion, a P/E ratio of -87.59 and a beta of 0.94. The stock’s 50-day moving average is $13.32 and its two-hundred day moving average is $12.66. UiPath Inc. has a fifty-two week low of $10.37 and a fifty-two week high of $27.87.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PATH. DA Davidson boosted their price target on shares of UiPath from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Friday, September 6th. UBS Group assumed coverage on UiPath in a research report on Thursday. They issued a “sell” rating and a $14.00 target price for the company. Morgan Stanley raised their price objective on UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Wells Fargo & Company dropped their target price on UiPath from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. Finally, 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. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, UiPath currently has an average rating of “Hold” and a consensus target price 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.