Geode Capital Management LLC Raises Stock Holdings in UiPath Inc. (NYSE:PATH)

Geode Capital Management LLC raised its position in shares of UiPath Inc. (NYSE:PATH) by 7.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 7,312,068 shares of the company’s stock after purchasing an additional 493,502 shares during the period. Geode Capital Management LLC’s holdings in UiPath were worth $93,619,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Cowa LLC lifted its position in UiPath by 4.4% during the 3rd quarter. Cowa LLC now owns 26,681 shares of the company’s stock valued at $342,000 after acquiring an additional 1,118 shares during the period. Nations Financial Group Inc. IA ADV lifted its holdings in shares of UiPath by 6.8% during the third quarter. Nations Financial Group Inc. IA ADV now owns 26,090 shares of the company’s stock valued at $334,000 after purchasing an additional 1,654 shares during the last quarter. Amalgamated Bank boosted its position in shares of UiPath by 7.1% in the 3rd quarter. Amalgamated Bank now owns 27,312 shares of the company’s stock worth $350,000 after purchasing an additional 1,811 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of UiPath by 10.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 20,881 shares of the company’s stock worth $267,000 after buying an additional 1,995 shares during the last quarter. Finally, Future Financial Wealth Managment LLC bought a new position in UiPath during the 3rd quarter valued at approximately $26,000. Institutional investors own 62.50% of the company’s stock.

UiPath Price Performance

Shares of NYSE:PATH opened at $12.74 on Friday. The company has a market capitalization of $7.00 billion, a P/E ratio of -79.63 and a beta of 0.94. UiPath Inc. has a 1-year low of $10.37 and a 1-year high of $27.87. The firm’s 50 day simple moving average is $13.41 and its two-hundred day simple moving average is $12.61.

Analyst Ratings Changes

A number of research firms have recently commented on PATH. BMO Capital Markets increased their target price on UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Wells Fargo & Company reduced their price objective on shares of UiPath from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. DA Davidson lifted their target price on shares of UiPath from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. TD Cowen cut their price target on shares of UiPath from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, September 6th. Finally, Barclays boosted their price objective on shares of UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $17.50.

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.