Investors Purchase Large Volume of UiPath Call Options (NYSE:PATH)

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

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Mizuho lifted their target price on shares of UiPath from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday. DA Davidson initiated coverage on UiPath in a research note on Friday, September 5th. They set a “neutral” rating and a $12.00 price objective for the company. UBS Group set a $17.00 target price on shares of UiPath and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of UiPath in a report on Thursday. Finally, Canaccord Genuity Group increased their price target on shares of UiPath from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, UiPath has a consensus rating of “Hold” and a consensus price target of $14.71.

Insider Buying and Selling

In other UiPath news, CAO Hitesh Ramani sold 5,000 shares of UiPath stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $15.47, for a total transaction of $77,350.00. Following the completion of the sale, the chief accounting officer directly owned 182,776 shares in the company, valued at $2,827,544.72. The trade was a 2.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Daniel Dines sold 45,000 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $15.07, for a total transaction of $678,150.00. Following the completion of the transaction, the chief executive officer directly owned 29,288,585 shares in the company, valued at $441,378,975.95. The trade was a 0.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 2,319,002 shares of company stock worth $34,094,875 over the last ninety days. 23.19% of the stock is currently owned by insiders.

Institutional Trading of UiPath

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Allworth Financial LP increased its stake in shares of UiPath by 166.0% in the 3rd quarter. Allworth Financial LP now owns 21,989 shares of the company’s stock worth $294,000 after acquiring an additional 13,723 shares in the last quarter. Swiss Life Asset Management Ltd boosted its stake in UiPath by 72.5% during the third quarter. Swiss Life Asset Management Ltd now owns 19,369 shares of the company’s stock worth $259,000 after acquiring an additional 8,141 shares in the last quarter. Strategic Advocates LLC grew its holdings in UiPath by 2.5% in the third quarter. Strategic Advocates LLC now owns 58,483 shares of the company’s stock worth $783,000 after purchasing an additional 1,446 shares during the period. Danske Bank A S bought a new position in shares of UiPath during the third quarter valued at approximately $14,114,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of UiPath during the third quarter valued at approximately $1,729,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

UiPath Price Performance

NYSE:PATH traded up $3.00 during trading hours on Thursday, hitting $17.86. The company had a trading volume of 41,225,282 shares, compared to its average volume of 15,006,021. UiPath has a 52 week low of $9.38 and a 52 week high of $18.74. The company has a market capitalization of $9.48 billion, a PE ratio of 594.73, a price-to-earnings-growth ratio of 5.29 and a beta of 1.10. The stock has a 50-day moving average price of $14.67 and a 200 day moving average price of $12.99.

UiPath (NYSE:PATH) last released its earnings results on Wednesday, December 3rd. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $411.11 million during the quarter, compared to analysts’ expectations of $392.46 million. UiPath had a return on equity of 1.28% and a net margin of 1.35%.The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 EPS. Analysts anticipate that UiPath will post -0.17 EPS for the current fiscal 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.