Landscape Capital Management L.L.C. Makes New $1.74 Million Investment in UiPath Inc. (NYSE:PATH)

Landscape Capital Management L.L.C. bought a new stake in UiPath Inc. (NYSE:PATH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 136,693 shares of the company’s stock, valued at approximately $1,737,000.

Several other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in UiPath by 88.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock valued at $31,000 after buying an additional 1,152 shares during the period. First Horizon Advisors Inc. lifted its position in UiPath by 47.8% during the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock valued at $32,000 after acquiring an additional 804 shares during the period. EverSource Wealth Advisors LLC boosted its stake in UiPath by 141.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company’s stock worth $38,000 after acquiring an additional 1,742 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in UiPath by 33.4% in the fourth quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company’s stock worth $39,000 after purchasing an additional 759 shares during the period. Finally, Quarry LP increased its stake in shares of UiPath by 654.4% during the third quarter. Quarry LP now owns 3,146 shares of the company’s stock valued at $40,000 after purchasing an additional 2,729 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

UiPath Trading Down 2.2 %

PATH opened at $10.04 on Friday. The company’s 50 day moving average is $12.58 and its 200 day moving average is $12.97. The company has a market cap of $5.53 billion, a price-to-earnings ratio of -62.72 and a beta of 1.00. UiPath Inc. has a 12-month low of $9.50 and a 12-month high of $21.90.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PATH shares. Needham & Company LLC reissued a “hold” rating on shares of UiPath in a research report on Wednesday, March 26th. Barclays dropped their target price on UiPath from $15.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Bank of America restated an “underperform” rating and set a $10.00 price target (down from $18.00) on shares of UiPath in a report on Thursday, March 13th. UBS Group cut their price objective on shares of UiPath from $14.00 to $10.00 and set a “sell” rating on the stock in a research report on Thursday, March 13th. Finally, Morgan Stanley decreased their target price on shares of UiPath from $16.00 to $12.00 and set an “equal weight” rating for the company 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 company’s stock. According to data from MarketBeat, UiPath presently has an average rating of “Hold” and an average target price of $13.62.

About UiPath

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.