Hudson Bay Capital Management LP Buys New Stake in UiPath, Inc. $PATH

Hudson Bay Capital Management LP acquired a new stake in shares of UiPath, Inc. (NYSE:PATH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 8,012,400 shares of the company’s stock, valued at approximately $102,559,000. UiPath comprises about 0.3% of Hudson Bay Capital Management LP’s investment portfolio, making the stock its 14th largest position.

Several other large investors have also recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of UiPath during the 2nd quarter worth approximately $28,000. AdvisorNet Financial Inc increased its position in UiPath by 320.4% in the second quarter. AdvisorNet Financial Inc now owns 2,476 shares of the company’s stock worth $32,000 after purchasing an additional 1,887 shares during the last quarter. GAMMA Investing LLC raised its stake in UiPath by 48.0% during the second quarter. GAMMA Investing LLC now owns 2,989 shares of the company’s stock valued at $38,000 after purchasing an additional 969 shares in the last quarter. IFP Advisors Inc lifted its position in UiPath by 508.0% during the second quarter. IFP Advisors Inc now owns 3,283 shares of the company’s stock valued at $42,000 after purchasing an additional 2,743 shares during the last quarter. Finally, Brooklyn Investment Group grew its stake in shares of UiPath by 314.3% in the 1st quarter. Brooklyn Investment Group now owns 4,508 shares of the company’s stock worth $46,000 after buying an additional 3,420 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

UiPath Stock Performance

PATH opened at $17.42 on Friday. UiPath, Inc. has a one year low of $9.38 and a one year high of $19.84. The stock has a market cap of $9.25 billion, a price-to-earnings ratio of 41.46, a P/E/G ratio of 5.37 and a beta of 1.10. The stock’s 50 day moving average price is $15.48 and its 200-day moving average price is $13.28.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. UBS Group restated a “neutral” rating on shares of UiPath in a research report on Thursday, December 4th. Mizuho boosted their price objective on UiPath from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Cowen reaffirmed a “hold” rating on shares of UiPath in a research note on Thursday, December 4th. Royal Bank Of Canada lifted their target price on UiPath from $16.00 to $19.00 and gave the stock a “sector perform” rating in a report on Wednesday. Finally, Canaccord Genuity Group boosted their target price on UiPath from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. One research analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $16.00.

Insider Activity at UiPath

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

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.