Franklin Resources Inc. Acquires 126,530 Shares of UiPath Inc. (NYSE:PATH)

Franklin Resources Inc. grew its holdings in UiPath Inc. (NYSE:PATH) by 1,245.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 136,690 shares of the company’s stock after acquiring an additional 126,530 shares during the period. Franklin Resources Inc.’s holdings in UiPath were worth $1,737,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in UiPath by 88.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock worth $31,000 after purchasing an additional 1,152 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of UiPath by 47.8% during the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock worth $32,000 after acquiring an additional 804 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of UiPath by 141.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company’s stock valued at $38,000 after acquiring an additional 1,742 shares during the last quarter. V Square Quantitative Management LLC raised its stake in shares of UiPath by 33.4% in the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company’s stock valued at $39,000 after acquiring an additional 759 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in UiPath in the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Insider Activity

In other news, CAO Hitesh Ramani sold 12,500 shares of the business’s stock in a transaction on Thursday, April 3rd. The shares were 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 in the company, valued at approximately $3,208,739.29. The trade was a 3.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 22.37% of the company’s stock.

Analysts Set New Price Targets

PATH has been the topic of several analyst reports. Wells Fargo & Company lowered their price target on UiPath from $13.00 to $11.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Bank of America reiterated an “underperform” rating and issued a $10.00 target price (down previously from $18.00) on shares of UiPath in a report on Thursday, March 13th. Barclays decreased their price target on shares of UiPath from $15.00 to $12.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Mizuho dropped their price objective on UiPath from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Finally, Canaccord Genuity Group decreased their target price on UiPath from $19.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $12.78.

UiPath Stock Up 2.4 %

NYSE:PATH opened at $10.89 on Monday. The firm has a market capitalization of $6.00 billion, a PE ratio of -68.03 and a beta of 1.04. UiPath Inc. has a 12-month low of $9.38 and a 12-month high of $20.95. The firm has a 50-day moving average price of $12.03 and a 200 day moving average price of $12.87.

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.