Heron Bay Capital Management Purchases New Holdings in UiPath, Inc. $PATH

Heron Bay Capital Management acquired a new position in shares of UiPath, Inc. (NYSE:PATH) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 96,844 shares of the company’s stock, valued at approximately $1,296,000.

A number of other institutional investors have also recently modified their holdings of the stock. Twin Peaks Wealth Advisors LLC bought a new position in shares of UiPath in the second quarter worth $28,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in UiPath in the 2nd quarter valued at about $55,000. Covestor Ltd raised its position in shares of UiPath by 17.7% in the 3rd quarter. Covestor Ltd now owns 6,522 shares of the company’s stock valued at $87,000 after buying an additional 981 shares in the last quarter. CX Institutional lifted its holdings in shares of UiPath by 37.4% during the 3rd quarter. CX Institutional now owns 6,888 shares of the company’s stock worth $92,000 after acquiring an additional 1,874 shares during the period. Finally, Wilmington Savings Fund Society FSB boosted its position in shares of UiPath by 507.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 7,502 shares of the company’s stock worth $100,000 after acquiring an additional 6,266 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Ashim Gupta sold 67,468 shares of UiPath stock in a transaction on Monday, January 5th. The shares were sold at an average price of $16.10, for a total value of $1,086,234.80. Following the completion of the sale, the chief financial officer owned 557,028 shares in the company, valued at $8,968,150.80. The trade was a 10.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction on Monday, January 26th. The shares were sold at an average price of $15.01, for a total transaction of $675,450.00. Following the completion of the sale, the chief executive officer directly owned 27,893,585 shares of the company’s stock, valued at approximately $418,682,710.85. This trade represents a 0.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 922,468 shares of company stock worth $15,370,135. 23.19% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Royal Bank Of Canada set a $14.00 target price on UiPath in a research note on Wednesday, February 11th. Mizuho raised their price objective on UiPath from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. TD Cowen reissued a “hold” rating on shares of UiPath in a research note on Thursday, December 4th. BMO Capital Markets upped their price objective on shares of UiPath from $13.00 to $17.00 and gave the stock a “market perform” rating in a research report on Thursday, December 4th. Finally, DA Davidson raised their target price on shares of UiPath from $12.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. One equities research analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $15.77.

UiPath Stock Up 4.5%

NYSE PATH opened at $11.57 on Friday. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 1.36 and a beta of 1.09. UiPath, Inc. has a twelve month low of $9.38 and a twelve month high of $19.84. The stock has a fifty day simple moving average of $13.53 and a 200 day simple moving average of $13.95.

UiPath (NYSE:PATH) last released its earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. UiPath had a net margin of 14.79% and a return on equity of 3.73%. The business 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 posted $0.11 EPS. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. Research analysts expect that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

UiPath Company 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. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric.