Mitsubishi UFJ Asset Management Co. Ltd. Acquires 45,558 Shares of UiPath Inc. (NYSE:PATH)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of UiPath Inc. (NYSE:PATH - Free Report) by 859.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 50,858 shares of the company's stock after acquiring an additional 45,558 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in UiPath were worth $675,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in UiPath by 88.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock valued at $31,000 after acquiring an additional 1,152 shares during the period. First Horizon Advisors Inc. raised its stake in shares of UiPath by 47.8% during the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company's stock valued at $32,000 after purchasing an additional 804 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in UiPath by 141.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company's stock worth $38,000 after purchasing an additional 1,742 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in UiPath by 33.4% during the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company's stock worth $39,000 after purchasing an additional 759 shares in the last quarter. Finally, Quarry LP boosted its stake in UiPath by 654.4% in 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 during the period. Institutional investors own 62.50% of the company's stock.

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UiPath Stock Performance

PATH stock traded down $0.23 during trading on Friday, hitting $10.04. 21,037,997 shares of the company traded hands, compared to its average volume of 9,957,396. The company has a 50-day moving average of $12.58 and a 200-day moving average of $12.97. UiPath Inc. has a 1 year low of $9.50 and a 1 year high of $21.90. The firm has a market capitalization of $5.53 billion, a PE ratio of -62.72 and a beta of 1.00.

Wall Street Analyst Weigh In

PATH has been the topic of several analyst reports. JPMorgan Chase & Co. upped their price target on UiPath from $17.00 to $18.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. Bank of America reiterated an "underperform" rating and issued a $10.00 target price (down from $18.00) on shares of UiPath in a research note on Thursday, March 13th. Mizuho reduced their price target on shares of UiPath from $14.00 to $12.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Barclays lowered their price objective on UiPath from $15.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Finally, UBS Group decreased their target price on UiPath from $14.00 to $10.00 and set a "sell" rating on the stock in a research note on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price 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.