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

UiPath Inc. (NYSE:PATH) saw unusually large options trading activity on Friday. Stock investors purchased 25,833 call options on the company. This represents an increase of approximately 11% compared to the average daily volume of 23,224 call options.

UiPath Price Performance

UiPath stock opened at $10.84 on Friday. UiPath has a 1-year low of $9.50 and a 1-year high of $23.97. The company has a market cap of $5.96 billion, a PE ratio of -67.78 and a beta of 1.00. The stock’s 50 day moving average price is $13.36 and its 200 day moving average price is $13.15.

Insider Buying and Selling

In other news, CAO Hitesh Ramani sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $13.05, for a total transaction of $326,250.00. Following the completion of the sale, the chief accounting officer now owns 269,421 shares in the company, valued at approximately $3,515,944.05. The trade was a 8.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ashim Gupta sold 47,227 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $13.06, for a total transaction of $616,784.62. Following the sale, the chief financial officer now owns 856,538 shares of the company’s stock, valued at $11,186,386.28. This represents a 5.23 % decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is owned by insiders.

Institutional Trading of UiPath

Institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its stake in shares of UiPath by 88.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock valued at $31,000 after buying an additional 1,152 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of UiPath by 47.8% in the fourth quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock valued at $32,000 after buying an additional 804 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of UiPath by 141.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company’s stock valued at $38,000 after buying an additional 1,742 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in shares of UiPath by 33.4% in the fourth quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company’s stock valued at $39,000 after buying an additional 759 shares in the last quarter. Finally, Quarry LP boosted its stake in shares of UiPath by 654.4% in the third quarter. Quarry LP now owns 3,146 shares of the company’s stock valued at $40,000 after buying an additional 2,729 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PATH. BMO Capital Markets reduced their price objective on shares of UiPath from $16.00 to $11.50 and set a “market perform” rating for the company in a research report on Friday. Wells Fargo & Company reduced their price objective on shares of UiPath from $13.00 to $11.00 and set an “equal weight” rating for the company in a research report on Thursday. Royal Bank of Canada reduced their price target on shares of UiPath from $16.00 to $13.00 and set a “sector perform” rating for the company in a research report on Thursday. JPMorgan Chase & Co. raised their price objective on shares of UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, Mizuho dropped their price objective on shares of UiPath from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $14.53.

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.