Landscape Capital Management L.L.C. Buys Shares of 136,693 UiPath Inc. (NYSE:PATH)

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of UiPath by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 46,664,124 shares of the company's stock worth $593,101,000 after purchasing an additional 576,458 shares during the last quarter. Geode Capital Management LLC boosted its stake in UiPath by 7.2% in the 3rd quarter. Geode Capital Management LLC now owns 7,312,068 shares of the company's stock worth $93,619,000 after buying an additional 493,502 shares during the last quarter. Norges Bank acquired a new position in shares of UiPath during the 4th quarter valued at about $71,191,000. Bank of New York Mellon Corp lifted its holdings in shares of UiPath by 2.8% during the 4th quarter. Bank of New York Mellon Corp now owns 2,437,756 shares of the company's stock worth $30,984,000 after acquiring an additional 66,100 shares during the period. Finally, Ieq Capital LLC boosted its position in shares of UiPath by 29.7% in the fourth quarter. Ieq Capital LLC now owns 1,885,904 shares of the company's stock worth $23,970,000 after acquiring an additional 431,451 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PATH has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of UiPath from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Scotiabank reduced their target price on UiPath from $15.00 to $12.00 and set a "sector perform" 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 research note on Thursday, March 13th. Morgan Stanley reduced their price objective on UiPath from $16.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Finally, Evercore ISI dropped their target price on shares of UiPath from $16.00 to $12.00 and set an "in-line" rating for the company in a research report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $12.78.

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Insider Buying and Selling at UiPath

In other news, CAO Hitesh Ramani sold 12,500 shares of UiPath stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $10.19, for a total value of $127,375.00. Following the completion of the transaction, the chief accounting officer now owns 314,891 shares in the company, valued at approximately $3,208,739.29. This trade represents a 3.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.37% of the stock is currently owned by insiders.

UiPath Stock Down 5.5 %

Shares of UiPath stock traded down $0.61 on Thursday, hitting $10.47. 4,691,967 shares of the company's stock traded hands, compared to its average volume of 10,129,283. UiPath Inc. has a 52-week low of $9.38 and a 52-week high of $21.66. The stock has a market cap of $5.77 billion, a P/E ratio of -65.81 and a beta of 1.04. The firm's 50-day moving average is $12.17 and its 200 day moving average is $12.89.

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.