Franklin Resources Inc. Decreases Stock Holdings in UiPath Inc. (NYSE:PATH)

Franklin Resources Inc. reduced its position in UiPath Inc. (NYSE:PATH) by 25.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,160 shares of the company’s stock after selling 3,395 shares during the period. Franklin Resources Inc.’s holdings in UiPath were worth $129,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PATH. Ontario Teachers Pension Plan Board boosted its stake in UiPath by 136.0% in the third quarter. Ontario Teachers Pension Plan Board now owns 108,725 shares of the company’s stock valued at $1,392,000 after acquiring an additional 62,650 shares in the last quarter. D.A. Davidson & CO. grew its stake in UiPath by 60.1% during the 3rd quarter. D.A. Davidson & CO. now owns 557,667 shares of the company’s stock worth $7,138,000 after buying an additional 209,300 shares during the last quarter. Stifel Financial Corp increased its position in UiPath by 30.1% during the 3rd quarter. Stifel Financial Corp now owns 323,818 shares of the company’s stock valued at $4,145,000 after buying an additional 74,959 shares in the last quarter. Senvest Management LLC raised its stake in UiPath by 16.7% in the third quarter. Senvest Management LLC now owns 10,894,483 shares of the company’s stock valued at $139,449,000 after buying an additional 1,559,500 shares during the last quarter. Finally, Quantbot Technologies LP boosted its holdings in UiPath by 667.7% in the third quarter. Quantbot Technologies LP now owns 101,718 shares of the company’s stock worth $1,302,000 after acquiring an additional 88,468 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

PATH has been the topic of a number of recent analyst reports. BMO Capital Markets upped their price target on shares of UiPath from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. UBS Group assumed coverage on UiPath in a research note on Thursday, December 12th. They issued a “sell” rating and a $14.00 price objective for the company. 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. Needham & Company LLC reissued a “hold” rating on shares of UiPath in a research report on Thursday, December 19th. Finally, Bank of America upped their price objective on shares of UiPath from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, September 6th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $17.50.

UiPath Stock Up 1.7 %

PATH opened at $12.93 on Friday. UiPath Inc. has a 52-week low of $10.37 and a 52-week high of $27.87. The firm’s fifty day simple moving average is $13.46 and its two-hundred day simple moving average is $12.69. The company has a market cap of $7.11 billion, a price-to-earnings ratio of -80.81 and a beta of 0.94.

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.