Lumbard Kellner Buys UiPath Shares Amid Low Valuation

Lumbard & Kellner, LLC acquired 224,337 shares of UiPath during the fiscal fourth quarter, with an estimated value of $3.68 million. This new position represents 1.29% of the fund's $285.53 million in reportable U.S. equity assets as of December 31, 2025. UiPath shares have traded in a relatively narrow range since losing more than 85% of their value in 2021 and 2022, making the purchase intriguing. The company has turned profitable and now trades at a P/E ratio of 30, close to the S&P 500 average, and its forward P/E ratio is 16.