Barclays PLC Decreases Stock Holdings in UiPath Inc. (NYSE:PATH)

Barclays PLC decreased its holdings in shares of UiPath Inc. (NYSE:PATH - Free Report) by 73.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 248,773 shares of the company's stock after selling 673,561 shares during the quarter. Barclays PLC's holdings in UiPath were worth $3,186,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Raymond James & Associates increased its holdings in shares of UiPath by 40.3% in the second quarter. Raymond James & Associates now owns 230,331 shares of the company's stock valued at $2,921,000 after purchasing an additional 66,114 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of UiPath by 20.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,552,921 shares of the company's stock worth $32,371,000 after acquiring an additional 439,344 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in shares of UiPath during the 2nd quarter valued at about $396,000. Nations Financial Group Inc. IA ADV purchased a new stake in shares of UiPath in the second quarter valued at about $310,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in UiPath by 5.5% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 41,421 shares of the company's stock worth $525,000 after purchasing an additional 2,158 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

UiPath Stock Up 0.6 %

NYSE PATH traded up $0.08 during trading hours on Tuesday, hitting $13.13. 2,583,517 shares of the company were exchanged, compared to its average volume of 9,650,370. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of -82.06 and a beta of 0.94. The company has a 50 day moving average of $13.43 and a two-hundred day moving average of $12.64. UiPath Inc. has a 52-week low of $10.37 and a 52-week high of $27.87.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Needham & Company LLC reiterated a "hold" rating on shares of UiPath in a report on Thursday, December 19th. TD Cowen lowered their price objective on UiPath from $17.00 to $16.00 and set a "hold" rating for the company in a research report on Friday, September 6th. Morgan Stanley lifted their target price on UiPath from $15.00 to $16.00 and gave the company an "equal weight" rating in a research report on Friday, December 6th. Royal Bank of Canada reiterated a "sector perform" rating and set a $16.00 price target on shares of UiPath in a report on Friday, December 6th. 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 report on Friday, September 6th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus 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.