8,012,400 Shares in UiPath, Inc. $PATH Acquired by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP bought a new stake in UiPath, Inc. (NYSE:PATH) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,012,400 shares of the company’s stock, valued at approximately $102,559,000. UiPath makes up approximately 0.3% of Hudson Bay Capital Management LP’s portfolio, making the stock its 16th biggest holding. Hudson Bay Capital Management LP owned 1.50% of UiPath at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its position in shares of UiPath by 30.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,590 shares of the company’s stock valued at $171,000 after purchasing an additional 3,873 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in UiPath by 6.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,995,632 shares of the company’s stock valued at $30,855,000 after buying an additional 177,071 shares during the last quarter. National Bank of Canada FI acquired a new stake in UiPath in the first quarter valued at $72,000. Invesco Ltd. raised its stake in UiPath by 18.8% in the first quarter. Invesco Ltd. now owns 454,849 shares of the company’s stock valued at $4,685,000 after buying an additional 72,049 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in UiPath during the 1st quarter worth about $10,503,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Insider Activity

In other UiPath news, insider Brad Brubaker sold 27,580 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $18.55, for a total transaction of $511,609.00. Following the completion of the sale, the insider directly owned 635,359 shares of the company’s stock, valued at $11,785,909.45. This represents a 4.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $18.61, for a total value of $837,450.00. Following the completion of the transaction, the chief executive officer owned 29,063,585 shares in the company, valued at $540,873,316.85. This trade represents a 0.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,391,582 shares of company stock valued at $35,767,934 in the last quarter. Insiders own 23.19% of the company’s stock.

UiPath Trading Down 3.4%

PATH stock opened at $17.42 on Friday. The company has a market capitalization of $9.25 billion, a P/E ratio of 41.46, a PEG ratio of 5.19 and a beta of 1.10. The business has a 50 day simple moving average of $15.48 and a 200-day simple moving average of $13.28. UiPath, Inc. has a twelve month low of $9.38 and a twelve month high of $19.84.

UiPath (NYSE:PATH) last released its quarterly earnings results on Wednesday, December 3rd. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. UiPath had a net margin of 14.79% and a return on equity of 3.73%. The firm had revenue of $411.11 million during the quarter, compared to the consensus estimate of $392.46 million. During the same quarter in the prior year, the firm earned $0.11 EPS. UiPath’s revenue for the quarter was up 15.9% on a year-over-year basis. Research analysts predict that UiPath, Inc. will post -0.17 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on PATH. BMO Capital Markets increased their price objective on UiPath from $13.00 to $17.00 and gave the company a “market perform” rating in a report on Thursday, December 4th. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a research note on Thursday, December 4th. Royal Bank Of Canada boosted their price objective on shares of UiPath from $16.00 to $19.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Canaccord Genuity Group upped their target price on shares of UiPath from $15.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Finally, Truist Financial set a $17.00 target price on shares of UiPath in a research report on Thursday, December 4th. One equities research analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $16.00.

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.