Stock Traders Buy Large Volume of Call Options on UiPath (NYSE:PATH)

UiPath, Inc. (NYSE:PATH) was the recipient of unusually large options trading activity on Thursday. Investors acquired 126,927 call options on the company. This is an increase of 91% compared to the typical volume of 66,602 call options.

Analysts Set New Price Targets

PATH has been the topic of a number of analyst reports. Cowen reiterated a “hold” rating on shares of UiPath in a research note on Thursday. Weiss Ratings restated a “sell (d+)” rating on shares of UiPath in a report on Thursday, October 30th. Wall Street Zen lowered shares of UiPath from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Zacks Research downgraded shares of UiPath from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Canaccord Genuity Group boosted their price objective on shares of UiPath from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday. One analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $15.46.

UiPath Trading Up 1.0%

Shares of NYSE PATH opened at $18.67 on Friday. The firm has a market cap of $9.91 billion, a P/E ratio of 44.45, a price-to-earnings-growth ratio of 6.84 and a beta of 1.10. The business’s 50 day moving average is $14.93 and its 200-day moving average is $13.07. UiPath has a 1-year low of $9.38 and a 1-year high of $18.98.

UiPath (NYSE:PATH) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $411.11 million for the quarter, compared to analyst estimates of $392.46 million. UiPath had a return on equity of 3.83% and a net margin of 14.79%.The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 EPS. Analysts forecast that UiPath will post -0.17 EPS for the current year.

Insiders Place Their Bets

In other UiPath news, CEO Daniel Dines sold 122,734 shares of UiPath stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $14.89, for a total value of $1,827,509.26. Following the sale, the chief executive officer owned 613,670 shares of the company’s stock, valued at $9,137,546.30. This trade represents a 16.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction, the chief financial officer directly owned 696,117 shares of the company’s stock, valued at $12,028,901.76. This represents a 25.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 2,319,002 shares of company stock valued at $34,094,875. Company insiders own 23.19% of the company’s stock.

Institutional Investors Weigh In On UiPath

Institutional investors have recently made changes to their positions in the stock. Allworth Financial LP raised its holdings in shares of UiPath by 166.0% during the 3rd quarter. Allworth Financial LP now owns 21,989 shares of the company’s stock worth $294,000 after buying an additional 13,723 shares in the last quarter. Swiss Life Asset Management Ltd grew its position in UiPath by 72.5% in the third quarter. Swiss Life Asset Management Ltd now owns 19,369 shares of the company’s stock valued at $259,000 after acquiring an additional 8,141 shares during the last quarter. Strategic Advocates LLC grew its position in UiPath by 2.5% in the third quarter. Strategic Advocates LLC now owns 58,483 shares of the company’s stock valued at $783,000 after acquiring an additional 1,446 shares during the last quarter. Danske Bank A S acquired a new position in UiPath during the third quarter worth about $14,114,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of UiPath in the third quarter worth about $1,729,000. 62.50% of the stock is currently owned by institutional investors.

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.