UiPath Inc. (NYSE:PATH) Shares Sold by Fmr LLC

FMR LLC decreased its stake in shares of UiPath Inc. (NYSE:PATH - Free Report) by 99.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,424 shares of the company's stock after selling 17,420,860 shares during the quarter. FMR LLC's holdings in UiPath were worth $466,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC acquired a new stake in shares of UiPath during the 3rd quarter worth approximately $26,000. JTC Employer Solutions Trustee Ltd acquired a new stake in UiPath during the third quarter worth $26,000. Hantz Financial Services Inc. purchased a new stake in UiPath in the second quarter valued at $28,000. Redwood Wealth Management Group LLC acquired a new position in shares of UiPath in the 2nd quarter valued at $43,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of UiPath by 124.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company's stock worth $52,000 after purchasing an additional 2,274 shares during the period. Institutional investors and hedge funds own 62.50% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PATH shares. Evercore ISI increased their price objective on shares of UiPath from $13.00 to $16.00 and gave the stock an "in-line" rating in a research report on Friday, September 6th. Barclays increased their target price on UiPath from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Friday, December 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of UiPath in a research report on Thursday. Bank of America increased their price target on shares of UiPath from $16.00 to $18.00 and gave the stock a "neutral" rating in a research report on Friday, September 6th. Finally, BMO Capital Markets raised their price objective on shares of UiPath from $15.00 to $16.00 and gave the company a "market perform" rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, UiPath presently has a consensus rating of "Hold" and a consensus price target of $17.50.

UiPath Stock Down 1.8 %

PATH traded down $0.23 on Thursday, reaching $12.74. The company had a trading volume of 10,210,415 shares, compared to its average volume of 9,675,471. The stock has a market capitalization of $7.00 billion, a PE ratio of -79.63 and a beta of 0.94. UiPath Inc. has a 1 year low of $10.37 and a 1 year high of $27.87. The stock has a 50-day moving average price of $13.41 and a 200-day moving average price of $12.61.

UiPath 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.