UiPath Inc. (NYSE:PATH) Stock Position Raised by Federated Hermes Inc.

Federated Hermes Inc. raised its position in shares of UiPath Inc. (NYSE:PATH) by 371.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 987,384 shares of the company’s stock after purchasing an additional 778,032 shares during the period. Federated Hermes Inc.’s holdings in UiPath were worth $12,550,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PATH. The Manufacturers Life Insurance Company raised its stake in shares of UiPath by 2.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 114,164 shares of the company’s stock worth $1,461,000 after purchasing an additional 2,661 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of UiPath by 52.1% in the 3rd quarter. Captrust Financial Advisors now owns 36,225 shares of the company’s stock valued at $464,000 after acquiring an additional 12,402 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of UiPath by 593.0% in the 3rd quarter. Janus Henderson Group PLC now owns 195,000 shares of the company’s stock valued at $2,495,000 after acquiring an additional 166,863 shares in the last quarter. Quarry LP raised 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 acquiring an additional 2,729 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new position in shares of UiPath in the 3rd quarter valued at approximately $154,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

UiPath Trading Up 12.4 %

Shares of NYSE:PATH opened at $11.09 on Thursday. UiPath Inc. has a 1-year low of $9.38 and a 1-year high of $21.66. The firm has a market capitalization of $6.12 billion, a PE ratio of -69.31 and a beta of 1.04. The business’s 50 day moving average is $12.17 and its 200-day moving average is $12.89.

Wall Street Analyst Weigh In

PATH has been the topic of a number of recent analyst reports. Bank of America reissued an “underperform” rating and issued a $10.00 price objective (down from $18.00) on shares of UiPath in a research note on Thursday, March 13th. Wells Fargo & Company cut their price objective on UiPath from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Canaccord Genuity Group lowered their target price on UiPath from $19.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. BMO Capital Markets lowered their target price on UiPath from $16.00 to $11.50 and set a “market perform” rating on the stock in a report on Friday, March 14th. Finally, Scotiabank lowered their target price on UiPath from $15.00 to $12.00 and set a “sector perform” rating on the stock in a report 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $12.78.

Insider Activity at UiPath

In related news, CAO Hitesh Ramani sold 12,500 shares of the business’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $10.19, for a total value of $127,375.00. Following the sale, the chief accounting officer now owns 314,891 shares of the company’s stock, valued at $3,208,739.29. The trade was a 3.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.37% of the stock is owned by insiders.

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.