UiPath Sees Unusually Large Options Volume (NYSE:PATH)

UiPath Inc. (NYSE:PATH) saw unusually large options trading activity on Monday. Investors bought 34,025 call options on the stock. This is an increase of approximately 65% compared to the typical volume of 20,597 call options.

UiPath Price Performance

Shares of NYSE PATH opened at $13.19 on Wednesday. The stock has a market capitalization of $7.25 billion, a PE ratio of -82.44 and a beta of 0.96. UiPath has a one year low of $10.37 and a one year high of $27.87. The business’s fifty day moving average price is $13.51 and its 200-day moving average price is $12.75.

Insider Transactions at UiPath

In related news, CAO Hitesh Ramani sold 25,000 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $13.05, for a total value of $326,250.00. Following the transaction, the chief accounting officer now directly owns 269,421 shares in the company, valued at $3,515,944.05. This trade represents a 8.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Ashim Gupta sold 47,227 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were 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 trade represents a 5.23 % decrease in their position. The disclosure for this sale can be found here. Insiders own 22.37% of the company’s stock.

Institutional Investors Weigh In On UiPath

Institutional investors have recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC purchased a new position in shares of UiPath in the third quarter worth about $26,000. JTC Employer Solutions Trustee Ltd purchased a new position in shares of UiPath in the third quarter valued at $26,000. Quarry LP raised its stake in shares of UiPath by 654.4% during the 3rd quarter. Quarry LP now owns 3,146 shares of the company’s stock valued at $40,000 after purchasing an additional 2,729 shares during the period. Redwood Wealth Management Group LLC purchased a new stake in UiPath during the 2nd quarter worth about $43,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in UiPath by 124.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company’s stock worth $52,000 after purchasing an additional 2,274 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 analysts have commented on PATH shares. Morgan Stanley boosted their price objective on UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Royal Bank of Canada reissued a “sector perform” rating and issued a $16.00 price target on shares of UiPath in a research report on Friday, December 6th. Barclays lifted their price objective on shares of UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Wells Fargo & Company lowered their target price on shares of UiPath from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, UiPath presently has a consensus rating of “Hold” and an average target price of $17.50.

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.