UiPath Inc. (NYSE:PATH) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. grew its holdings in shares of UiPath Inc. (NYSE:PATH) by 10.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,685 shares of the company’s stock after acquiring an additional 3,477 shares during the period. Principal Financial Group Inc.’s holdings in UiPath were worth $470,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of PATH. Pacer Advisors Inc. purchased a new position in shares of UiPath during the 2nd quarter valued at approximately $69,180,000. Jacobs Levy Equity Management Inc. raised its holdings in UiPath by 554.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 4,026,502 shares of the company’s stock valued at $51,539,000 after acquiring an additional 3,411,562 shares in the last quarter. Senvest Management LLC boosted its stake in UiPath by 16.7% during the 3rd quarter. Senvest Management LLC now owns 10,894,483 shares of the company’s stock valued at $139,449,000 after acquiring an additional 1,559,500 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new position in UiPath during the 3rd quarter worth $19,071,000. Finally, Renaissance Technologies LLC bought a new stake in shares of UiPath in the 2nd quarter worth about $13,280,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PATH has been the topic of several research analyst reports. JPMorgan Chase & Co. increased 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. Morgan Stanley increased their target price on UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Wells Fargo & Company lowered their price target on UiPath from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Needham & Company LLC reissued a “hold” rating on shares of UiPath in a research report on Thursday, December 19th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $16.00 price objective on shares of UiPath in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $17.50.

UiPath Trading Up 2.7 %

Shares of UiPath stock opened at $13.28 on Monday. UiPath Inc. has a 12 month low of $10.37 and a 12 month high of $27.87. The company has a market capitalization of $7.30 billion, a PE ratio of -83.00 and a beta of 0.96. The stock’s fifty day simple moving average is $13.48 and its 200 day simple moving average is $12.72.

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.