ExodusPoint Capital Management LP Has $9.16 Million Holdings in UiPath Inc. (NYSE:PATH)

ExodusPoint Capital Management LP grew its holdings in shares of UiPath Inc. (NYSE:PATH) by 45.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 720,423 shares of the company’s stock after acquiring an additional 223,669 shares during the quarter. ExodusPoint Capital Management LP’s holdings in UiPath were worth $9,157,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Trexquant Investment LP bought a new stake in shares of UiPath during the 4th quarter valued at approximately $15,611,000. HighPoint Advisor Group LLC bought a new stake in shares of UiPath during the fourth quarter worth $311,000. Franklin Resources Inc. grew its stake in shares of UiPath by 1,245.4% during the fourth quarter. Franklin Resources Inc. now owns 136,690 shares of the company’s stock worth $1,737,000 after buying an additional 126,530 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of UiPath in the 4th quarter valued at $5,776,000. Finally, Pictet Asset Management Holding SA boosted its holdings in shares of UiPath by 14.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 67,861 shares of the company’s stock valued at $863,000 after acquiring an additional 8,497 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

PATH has been the subject of a number of recent research reports. Mizuho lowered their target price on UiPath from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Bank of America reiterated an “underperform” rating and issued a $10.00 price objective (down previously from $18.00) on shares of UiPath in a report on Thursday, March 13th. Morgan Stanley reduced their target price on shares of UiPath from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Canaccord Genuity Group cut their price target on shares of UiPath from $19.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Finally, Wells Fargo & Company decreased their price objective on UiPath from $13.00 to $11.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, UiPath has a consensus rating of “Hold” and an average target price of $13.62.

UiPath Stock Down 2.2 %

UiPath stock opened at $10.04 on Friday. The company has a market capitalization of $5.53 billion, a PE ratio of -62.72 and a beta of 1.00. UiPath Inc. has a 12-month low of $9.50 and a 12-month high of $21.90. The firm’s fifty day moving average is $12.58 and its 200 day moving average is $12.97.

About UiPath

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.