Lecap Asset Management Ltd. Has $1.48 Million Stake in UiPath Inc. (NYSE:PATH)

Lecap Asset Management Ltd. boosted its holdings in UiPath Inc. (NYSE:PATH) by 69.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 116,289 shares of the company’s stock after purchasing an additional 47,772 shares during the quarter. Lecap Asset Management Ltd.’s holdings in UiPath were worth $1,478,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank Hapoalim BM grew its holdings in shares of UiPath by 14.6% during the fourth quarter. Bank Hapoalim BM now owns 84,659 shares of the company’s stock valued at $1,076,000 after buying an additional 10,760 shares during the last quarter. SYM FINANCIAL Corp acquired a new position in UiPath during the 4th quarter valued at about $171,000. Chicago Partners Investment Group LLC bought a new stake in UiPath during the 4th quarter worth approximately $213,000. Strategic Advocates LLC raised its stake in shares of UiPath by 34.9% in the fourth quarter. Strategic Advocates LLC now owns 106,833 shares of the company’s stock worth $1,358,000 after purchasing an additional 27,612 shares during the last quarter. Finally, Gries Financial LLC bought a new position in shares of UiPath in the fourth quarter valued at approximately $162,000. Institutional investors own 62.50% of the company’s stock.

UiPath Trading Down 4.0 %

NYSE:PATH opened at $14.28 on Friday. The company has a 50-day moving average price of $13.76 and a 200-day moving average price of $12.94. The stock has a market cap of $7.85 billion, a price-to-earnings ratio of -89.27 and a beta of 0.98. UiPath Inc. has a 12 month low of $10.37 and a 12 month high of $27.87.

Insider Buying and Selling

In related news, CAO Hitesh Ramani sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $13.05, for a total value of $326,250.00. Following the sale, the chief accounting officer now owns 269,421 shares in the company, valued at approximately $3,515,944.05. This trade represents a 8.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Ashim Gupta sold 47,227 shares of UiPath stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $13.06, for a total value of $616,784.62. Following the completion of the sale, the chief financial officer now directly owns 856,538 shares of the company’s stock, valued at $11,186,386.28. The trade was a 5.23 % decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PATH has been the subject of several recent research reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $16.00 price target on shares of UiPath in a report on Friday, December 6th. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a research note on Wednesday, January 15th. Morgan Stanley raised their price target on shares of UiPath from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. upped their price objective on shares of UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, BMO Capital Markets lifted their target price on shares of UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $17.44.

UiPath 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.