UiPath Inc. (NYSE:PATH) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its holdings in shares of UiPath Inc. (NYSE:PATH - Free Report) by 593.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 195,000 shares of the company's stock after acquiring an additional 166,863 shares during the quarter. Janus Henderson Group PLC's holdings in UiPath were worth $2,495,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on PATH. Barclays upped their price objective on UiPath from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Friday, December 6th. Wells Fargo & Company reduced their price target on UiPath from $15.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 23rd. TD Cowen decreased their price objective on UiPath from $17.00 to $16.00 and set a "hold" rating for the company in a research note on Friday, September 6th. BMO Capital Markets upped their target price on shares of UiPath from $15.00 to $16.00 and gave the stock a "market perform" rating in a research note on Friday, December 6th. Finally, Bank of America lifted their price target on shares of UiPath from $16.00 to $18.00 and gave the stock a "neutral" rating in a research note on Friday, September 6th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $17.50.

UiPath Trading Down 1.5 %

Shares of PATH stock traded down $0.21 during trading hours on Friday, hitting $14.02. The company's stock had a trading volume of 8,643,056 shares, compared to its average volume of 9,693,381. The business has a fifty day moving average of $13.32 and a 200-day moving average of $12.66. UiPath Inc. has a twelve month low of $10.37 and a twelve month high of $27.87. The stock has a market cap of $7.71 billion, a price-to-earnings ratio of -87.59 and a beta of 0.94.

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.