UiPath Sees Unusually High Options Volume (NYSE:PATH)

UiPath, Inc. (NYSE:PATH) was the target of some unusual options trading on Thursday. Stock traders purchased 110,442 call options on the stock. This represents an increase of 78% compared to the average daily volume of 62,173 call options.

UiPath Trading Up 6.9%

NYSE PATH traded up $0.78 during midday trading on Thursday, hitting $11.94. The company had a trading volume of 46,839,367 shares, compared to its average volume of 31,646,352. The company has a market capitalization of $6.25 billion, a PE ratio of 23.01, a P/E/G ratio of 1.82 and a beta of 0.91. The firm has a 50-day moving average price of $10.75 and a 200-day moving average price of $12.93. UiPath has a twelve month low of $9.20 and a twelve month high of $19.84.

UiPath (NYSE:PATH) last announced its quarterly earnings data on Wednesday, March 11th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.05. The firm had revenue of $481.11 million during the quarter, compared to analysts’ expectations of $464.81 million. UiPath had a return on equity of 5.69% and a net margin of 17.53%.The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 EPS. On average, equities analysts anticipate that UiPath will post 0.32 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of UiPath in a research note on Friday, March 27th. Wall Street Zen cut UiPath from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 28th. Morgan Stanley raised UiPath from an “equal weight” rating to a “positive” rating in a report on Friday, March 13th. TD Cowen dropped their price objective on UiPath from $16.00 to $13.00 and set a “hold” rating for the company in a report on Thursday, March 12th. Finally, Bank of America dropped their price objective on UiPath from $14.00 to $12.00 and set an “underperform” rating for the company in a report on Thursday, March 12th. Three equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.07.

Hedge Funds Weigh In On UiPath

Institutional investors have recently modified their holdings of the business. Noble Wealth Management PBC acquired a new position in shares of UiPath during the 4th quarter worth $25,000. HighMark Wealth Management LLC acquired a new position in shares of UiPath during the 4th quarter worth $25,000. Raleigh Capital Management Inc. acquired a new position in shares of UiPath during the 4th quarter worth $26,000. TD Waterhouse Canada Inc. raised its holdings in shares of UiPath by 1,270.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock worth $29,000 after buying an additional 1,652 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of UiPath during the 4th quarter worth $37,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

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.