Lumbard Kellner Loads Up UiPath With 224,000 Shares Bought

Company Overview - UiPath is a leading provider of enterprise automation software, enabling organizations to automate repetitive business processes at scale [6] - The company leverages artificial intelligence and low-code tools to help clients increase operational efficiency and ensure compliance [6] - UiPath's platform-centric strategy and broad customer base provide a competitive edge in the rapidly expanding automation market [6] Financial Metrics - As of February 2, 2026, UiPath's stock price was $12.54, with a market capitalization of $6.41 billion [4] - The company reported a trailing twelve months (TTM) revenue of $1.55 billion and a net income of $229.7 million [4] Recent Transactions - Lumbard & Kellner, LLC established a new position in UiPath, acquiring 224,337 shares valued at approximately $3.68 million during the fiscal fourth quarter ended December 31, 2025 [2][8] - This new position represents 1.29% of the fund's $285.53 million in reportable U.S. equity assets as of December 31, 2025 [8] Market Performance - UiPath shares have decreased by 11.8% over the past year, underperforming the S&P 500 by 27.3 percentage points [8] - The company's valuation has significantly declined, trading at a price-to-sales (P/S) ratio of just 4.4 times sales, down from a peak of over 60 at the time of its 2021 IPO [10]