Lecap Asset Management Ltd. Acquires Shares of 66,883 UiPath Inc. (NYSE:PATH)

Lecap Asset Management Ltd. purchased a new position in shares of UiPath Inc. (NYSE:PATH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 66,883 shares of the healthcare company's stock, valued at approximately $1,661,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Simplicity Solutions LLC raised its holdings in UiPath by 4.9% during the 4th quarter. Simplicity Solutions LLC now owns 12,691 shares of the healthcare company's stock worth $315,000 after purchasing an additional 598 shares during the last quarter. Friedenthal Financial bought a new stake in shares of UiPath in the 4th quarter valued at $743,000. Tennessee Valley Asset Management Partners bought a new stake in shares of UiPath in the 4th quarter valued at $50,000. Harbor Investment Advisory LLC bought a new stake in shares of UiPath in the 4th quarter valued at $61,000. Finally, Graphene Investments SAS bought a new stake in shares of UiPath in the 4th quarter valued at $2,571,000. Institutional investors own 62.50% of the company's stock.

UiPath Stock Down 2.8 %

Shares of NYSE PATH traded down $0.60 during trading on Friday, reaching $20.71. The company had a trading volume of 5,603,184 shares, compared to its average volume of 6,426,221. UiPath Inc. has a 12-month low of $12.38 and a 12-month high of $27.87. The stock has a market cap of $11.78 billion, a PE ratio of -121.82 and a beta of 0.96. The business's 50-day moving average is $23.30 and its 200 day moving average is $21.40.

UiPath (NYSE:PATH - Get Free Report) last released its earnings results on Wednesday, March 13th. The healthcare company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.10. UiPath had a negative return on equity of 3.29% and a negative net margin of 6.87%. The firm had revenue of $405.25 million for the quarter, compared to analysts' expectations of $383.32 million. On average, analysts anticipate that UiPath Inc. will post -0.04 earnings per share for the current year.

Insider Activity at UiPath

In related news, CFO Ashim Gupta sold 40,000 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $21.66, for a total transaction of $866,400.00. Following the sale, the chief financial officer now directly owns 660,762 shares of the company's stock, valued at $14,312,104.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 72,000 shares of company stock valued at $1,591,360 over the last ninety days. Insiders own 31.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of UiPath from $17.00 to $25.00 and gave the company an "equal weight" rating in a research note on Thursday, March 14th. Mizuho lifted their price objective on shares of UiPath from $22.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, March 14th. Canaccord Genuity Group lifted their price objective on shares of UiPath from $27.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, March 15th. Royal Bank of Canada reissued a "sector perform" rating and issued a $29.00 price target on shares of UiPath in a research report on Monday, April 1st. Finally, Barclays lifted their price target on shares of UiPath from $23.00 to $25.00 and gave the company an "equal weight" rating in a research report on Friday, March 15th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.41.

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, and Japan. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization.