UiPath Target of Unusually High Options Trading (NYSE:PATH)

UiPath, Inc. (NYSE:PATH) saw unusually large options trading activity on Thursday. Stock investors acquired 126,927 call options on the stock. This is an increase of approximately 91% compared to the average volume of 66,602 call options.

Insider Activity

In other UiPath news, CFO Ashim Gupta sold 240,874 shares of the company’s stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $17.28, for a total value of $4,162,302.72. Following the sale, the chief financial officer owned 696,117 shares in the company, valued at approximately $12,028,901.76. The trade was a 25.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Daniel Dines sold 122,734 shares of the company’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $14.89, for a total value of $1,827,509.26. Following the completion of the sale, the chief executive officer owned 613,670 shares in the company, valued at $9,137,546.30. The trade was a 16.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,319,002 shares of company stock worth $34,094,875 over the last ninety days. Company insiders own 23.19% of the company’s stock.

Institutional Investors Weigh In On UiPath

Institutional investors have recently added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC purchased a new position in shares of UiPath in the second quarter worth about $28,000. AdvisorNet Financial Inc boosted its holdings in shares of 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 acquiring an additional 1,887 shares during the period. GAMMA Investing LLC boosted its holdings in shares of UiPath by 48.0% in the second quarter. GAMMA Investing LLC now owns 2,989 shares of the company’s stock worth $38,000 after acquiring an additional 969 shares during the period. IFP Advisors Inc raised its stake in shares of UiPath by 508.0% during the 2nd 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 period. Finally, Brooklyn Investment Group increased its position in shares of UiPath by 314.3% during the first quarter. Brooklyn Investment Group now owns 4,508 shares of the company’s stock valued at $46,000 after buying an additional 3,420 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PATH. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a report on Thursday. DA Davidson initiated coverage on shares of UiPath in a research note on Friday, September 5th. They issued a “neutral” rating and a $12.00 price target for the company. 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. Barclays set a $16.00 price target on UiPath in a report on Thursday. Finally, Truist Financial lowered their target price on UiPath from $13.00 to $12.00 and set a “hold” rating on the stock in a research report on Friday, September 5th. Two investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, UiPath has an average rating of “Hold” and a consensus price target of $14.71.

UiPath Price Performance

Shares of NYSE PATH traded up $3.00 during midday trading on Thursday, reaching $17.86. The company’s stock had a trading volume of 41,225,282 shares, compared to its average volume of 15,006,021. The stock has a market capitalization of $9.48 billion, a P/E ratio of 594.73, a PEG ratio of 5.29 and a beta of 1.10. The firm has a 50 day moving average price of $14.67 and a 200-day moving average price of $12.99. UiPath has a 12-month low of $9.38 and a 12-month high of $18.74.

UiPath (NYSE:PATH) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $411.11 million during the quarter, compared to analyst estimates of $392.46 million. UiPath had a net margin of 1.35% and a return on equity of 1.28%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.11 earnings per share. On average, equities analysts predict that UiPath will post -0.17 EPS for the current year.

About UiPath

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.