Stifel Financial Corp Buys 74,959 Shares of UiPath Inc. (NYSE:PATH)

Stifel Financial Corp increased its stake in UiPath Inc. (NYSE:PATH - Free Report) by 30.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 323,818 shares of the company's stock after purchasing an additional 74,959 shares during the quarter. Stifel Financial Corp owned approximately 0.06% of UiPath worth $4,145,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PATH. Future Financial Wealth Managment LLC bought a new position in UiPath in the 3rd quarter worth approximately $26,000. JTC Employer Solutions Trustee Ltd acquired a new stake in UiPath in the 3rd quarter worth $26,000. Hantz Financial Services Inc. acquired a new stake in UiPath in the 2nd quarter worth $28,000. Quarry LP raised its position in shares of UiPath by 654.4% during the third quarter. Quarry LP now owns 3,146 shares of the company's stock valued at $40,000 after buying an additional 2,729 shares during the last quarter. Finally, Redwood Wealth Management Group LLC bought a new stake in shares of UiPath in the second quarter valued at about $43,000. Institutional investors and hedge funds own 62.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PATH. Bank of America raised their price objective on UiPath from $16.00 to $18.00 and gave the stock a "neutral" rating in a research report on Friday, September 6th. TD Cowen decreased their price target on shares of UiPath from $17.00 to $16.00 and set a "hold" rating on the stock in a research note on Friday, September 6th. JPMorgan Chase & Co. increased their price objective on shares of UiPath from $17.00 to $18.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Evercore ISI upped their target price on shares of UiPath from $13.00 to $16.00 and gave the company an "in-line" rating in a research note on Friday, September 6th. Finally, BMO Capital Markets upped their price objective on UiPath from $15.00 to $16.00 and gave the company a "market perform" rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $17.50.

UiPath Trading Up 0.3 %

Shares of UiPath stock traded up $0.04 during trading on Monday, reaching $14.05. The stock had a trading volume of 8,321,827 shares, compared to its average volume of 9,687,707. The company has a market capitalization of $7.72 billion, a price-to-earnings ratio of -87.81 and a beta of 0.94. The stock has a fifty day moving average price of $13.36 and a two-hundred day moving average price of $12.59. UiPath Inc. has a 52 week low of $10.37 and a 52 week high of $27.87.

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.