Analysts Have a Wall of Holds on Figma, UiPath and GitLab but Institutions Are Quietly Loading Up

Sell-side coverage is skewing to Holds on three high-flying software names, even as major institutions continue to accumulate positions. The article frames the divergence between “smart money” ownership and analyst endorsements as a potential signal for the next move. Net impact is likely limited to sentiment/positioning rather than a clear fundamental catalyst.