Lecap Asset Management Ltd. Has $730,000 Stake in UiPath, Inc. (NYSE:PATH)

Lecap Asset Management Ltd. reduced its position in shares of UiPath, Inc. (NYSE:PATH) by 39.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,828 shares of the company’s stock after selling 45,461 shares during the period. Lecap Asset Management Ltd.’s holdings in UiPath were worth $730,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Archford Capital Strategies LLC lifted its holdings in UiPath by 68.4% during the 1st quarter. Archford Capital Strategies LLC now owns 98,733 shares of the company’s stock worth $1,017,000 after purchasing an additional 40,109 shares during the last quarter. Palumbo Wealth Management LLC raised its holdings in UiPath by 41.0% in the 1st quarter. Palumbo Wealth Management LLC now owns 15,982 shares of the company’s stock valued at $165,000 after acquiring an additional 4,645 shares in the last quarter. Stanley Laman Group Ltd. raised its holdings in UiPath by 111.8% in the 1st quarter. Stanley Laman Group Ltd. now owns 736,960 shares of the company’s stock valued at $7,591,000 after acquiring an additional 388,971 shares in the last quarter. NorthCrest Asset Manangement LLC raised its holdings in UiPath by 87.8% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 20,929 shares of the company’s stock valued at $216,000 after acquiring an additional 9,782 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its holdings in UiPath by 100.0% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 85,290 shares of the company’s stock valued at $878,000 after acquiring an additional 42,645 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on PATH. Evercore ISI lifted their price objective on UiPath from $11.00 to $15.00 and gave the company an “in-line” rating in a report on Friday, May 30th. BMO Capital Markets lifted their price objective on UiPath from $11.50 to $15.50 and gave the company a “market perform” rating in a report on Friday, May 30th. Bank of America reaffirmed an “underperform” rating and issued a $10.00 price objective (down from $18.00) on shares of UiPath in a report on Thursday, March 13th. DA Davidson raised UiPath to a “hold” rating in a report on Monday, June 9th. Finally, Morgan Stanley lifted their price target on UiPath from $12.00 to $15.00 and gave the company an “equal weight” rating in a research note on Monday, June 2nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $13.83.

UiPath Stock Down 0.2%

Shares of PATH stock opened at $12.48 on Thursday. The firm has a market capitalization of $6.68 billion, a P/E ratio of -103.99, a P/E/G ratio of 16.39 and a beta of 1.06. UiPath, Inc. has a twelve month low of $9.38 and a twelve month high of $15.93. The stock’s fifty day simple moving average is $12.30 and its 200 day simple moving average is $12.54.

UiPath (NYSE:PATH) last issued its quarterly earnings data on Thursday, May 29th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. UiPath had a negative return on equity of 3.05% and a negative net margin of 4.65%. The business had revenue of $356.62 million for the quarter, compared to analyst estimates of $332.17 million. During the same quarter in the previous year, the company posted $0.13 EPS. UiPath’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, equities research analysts expect that UiPath, Inc. will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling at UiPath

In other UiPath news, CAO Hitesh Ramani sold 12,500 shares of the company’s stock in a transaction dated Thursday, April 3rd. The stock was 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Daniel Dines sold 45,000 shares of the company’s stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $12.55, for a total value of $564,750.00. Following the completion of the sale, the chief executive officer now owns 5,688,376 shares in the company, valued at $71,389,118.80. This trade represents a 0.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 201,295 shares of company stock worth $2,423,153. Insiders own 23.19% of the company’s stock.

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.