HighPoint Advisor Group LLC Invests $311,000 in UiPath Inc. (NYSE:PATH)

HighPoint Advisor Group LLC acquired a new position in UiPath Inc. (NYSE:PATH) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 22,248 shares of the company’s stock, valued at approximately $311,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Smartleaf Asset Management LLC raised its position in shares of UiPath by 88.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock valued at $31,000 after buying an additional 1,152 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in UiPath by 47.8% in the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock valued at $32,000 after acquiring an additional 804 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of UiPath by 141.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company’s stock worth $38,000 after acquiring an additional 1,742 shares during the period. V Square Quantitative Management LLC lifted its position in shares of UiPath by 33.4% in the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company’s stock worth $39,000 after acquiring an additional 759 shares during the period. Finally, Quarry LP grew its holdings in shares of UiPath by 654.4% during 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 in the last quarter. Institutional investors own 62.50% of the company’s stock.

UiPath Stock Down 5.1 %

Shares of NYSE:PATH opened at $10.27 on Friday. The firm has a market cap of $5.66 billion, a P/E ratio of -64.16 and a beta of 1.00. UiPath Inc. has a 12 month low of $9.50 and a 12 month high of $22.11. The company’s 50-day moving average price is $12.66 and its two-hundred day moving average price is $12.98.

Analyst Ratings Changes

PATH has been the subject of several research reports. JPMorgan Chase & Co. raised their target price on UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Wells Fargo & Company reduced their price objective on shares of UiPath from $13.00 to $11.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Needham & Company LLC reissued a “hold” rating on shares of UiPath in a research note on Wednesday, March 26th. Royal Bank of Canada reissued a “sector perform” rating and issued a $13.00 price target on shares of UiPath in a research report on Wednesday, March 26th. Finally, Morgan Stanley decreased their price objective on UiPath from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $13.62.

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.