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

Landscape Capital Management L.L.C. bought a new position in UiPath Inc. (NYSE:PATH) in the 4th quarter, Holdings Channel reports. The fund bought 136,693 shares of the company’s stock, valued at approximately $1,737,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of UiPath in the fourth quarter worth $71,191,000. Worldquant Millennium Advisors LLC purchased a new stake in UiPath in the 3rd quarter worth $19,071,000. Trexquant Investment LP purchased a new position in shares of UiPath in the fourth quarter valued at about $15,611,000. Vanguard Group Inc. boosted its stake in shares of UiPath by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 46,664,124 shares of the company’s stock worth $593,101,000 after acquiring an additional 576,458 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of UiPath by 7.2% during the third quarter. Geode Capital Management LLC now owns 7,312,068 shares of the company’s stock worth $93,619,000 after purchasing an additional 493,502 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

UiPath Price Performance

UiPath stock opened at $10.04 on Friday. UiPath Inc. has a 1-year low of $9.50 and a 1-year high of $21.90. The company’s 50-day moving average is $12.58 and its 200 day moving average is $12.97. The firm has a market capitalization of $5.53 billion, a P/E ratio of -62.72 and a beta of 1.00.

Wall Street Analyst Weigh In

PATH has been the topic of a number of research analyst reports. Barclays dropped their price target on UiPath from $15.00 to $12.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. Wells Fargo & Company cut their target price on shares of UiPath from $13.00 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. Evercore ISI decreased their price target on shares of UiPath from $16.00 to $12.00 and set an “in-line” rating on the stock in a research note on Thursday, March 13th. Bank of America restated an “underperform” rating and set a $10.00 price objective (down previously from $18.00) on shares of UiPath in a research report on Thursday, March 13th. Finally, Morgan Stanley decreased their target price on UiPath from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, UiPath presently has a consensus rating of “Hold” and an average price target 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.