Virtu Financial LLC Trims Position in UiPath Inc. (NYSE:PATH)

Virtu Financial LLC lessened its stake in UiPath Inc. (NYSE:PATH - Free Report) by 84.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,494 shares of the company's stock after selling 125,298 shares during the period. Virtu Financial LLC's holdings in UiPath were worth $288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

UiPath Stock Performance

UiPath stock traded down $0.94 during midday trading on Wednesday, reaching $12.97. 9,832,451 shares of the company were exchanged, compared to its average volume of 9,673,153. The firm's 50-day simple moving average is $13.41 and its 200-day simple moving average is $12.61. UiPath Inc. has a 1 year low of $10.37 and a 1 year high of $27.87. The company has a market capitalization of $7.13 billion, a price-to-earnings ratio of -81.06 and a beta of 0.94.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PATH shares. Barclays increased their price target on UiPath from $15.00 to $16.00 and gave the stock an "equal weight" rating in a report on Friday, December 6th. Evercore ISI boosted their price target on shares of UiPath from $13.00 to $16.00 and gave the stock an "in-line" rating in a research note on Friday, September 6th. Morgan Stanley raised their price objective on shares of UiPath from $15.00 to $16.00 and gave the company an "equal weight" rating in a research report on Friday, December 6th. TD Cowen dropped their target price on UiPath from $17.00 to $16.00 and set a "hold" rating on the stock in a research report on Friday, September 6th. Finally, UBS Group initiated coverage on UiPath in a report on Thursday, December 12th. They set a "sell" rating and a $14.00 price objective on the stock. 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $17.50.

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.