UiPath Sees Unusually Large Options Volume (NYSE:PATH)

UiPath Inc. (NYSE:PATH) saw some unusual options trading activity on Monday. Traders bought 22,388 call options on the company. This is an increase of 51% compared to the typical daily volume of 14,864 call options.

Insider Activity

In related news, Director Rich Wong sold 56,549 shares of the stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $17.97, for a total transaction of $1,016,185.53. Following the transaction, the director now directly owns 879,693 shares of the company’s stock, valued at $15,808,083.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other UiPath news, CFO Ashim Gupta sold 40,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $15.52, for a total transaction of $620,800.00. Following the transaction, the chief financial officer now owns 1,344,047 shares in the company, valued at $20,859,609.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Rich Wong sold 56,549 shares of the company’s stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $17.97, for a total transaction of $1,016,185.53. Following the transaction, the director now owns 879,693 shares in the company, valued at approximately $15,808,083.21. The disclosure for this sale can be found here. In the last three months, insiders have sold 220,000 shares of company stock valued at $3,892,635. 31.03% of the stock is currently owned by insiders.

Institutional Investors Weigh In On UiPath

Hedge funds have recently bought and sold shares of the stock. Belpointe Asset Management LLC bought a new stake in UiPath during the fourth quarter valued at approximately $27,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in UiPath during the first quarter valued at approximately $27,000. Tyler Stone Wealth Management bought a new stake in UiPath during the second quarter valued at approximately $28,000. Manchester Capital Management LLC bought a new stake in UiPath during the first quarter valued at approximately $31,000. Finally, Quarry LP bought a new stake in UiPath during the first quarter valued at approximately $36,000. 59.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PATH. Mizuho upped their price objective on shares of UiPath from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, September 7th. Barclays increased their target price on shares of UiPath from $16.00 to $18.00 in a report on Thursday, September 7th. Wells Fargo & Company downgraded shares of UiPath from an “overweight” rating to an “equal weight” rating and set a $20.00 target price for the company. in a report on Friday, June 9th. Canaccord Genuity Group increased their target price on shares of UiPath from $19.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, September 7th. Finally, BMO Capital Markets increased their target price on shares of UiPath from $18.00 to $19.00 and gave the company a “market perform” rating in a report on Thursday, September 7th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $19.84.

UiPath Trading Up 3.8 %

PATH stock opened at $19.18 on Tuesday. The firm has a 50 day moving average of $16.49 and a 200-day moving average of $16.14. UiPath has a 12 month low of $10.40 and a 12 month high of $19.94. The firm has a market capitalization of $10.76 billion, a P/E ratio of -59.72 and a beta of 0.69.

UiPath (NYSE:PATH) last released its quarterly earnings data on Wednesday, September 6th. The healthcare company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. UiPath had a negative net margin of 15.47% and a negative return on equity of 7.56%. The company had revenue of $287.31 million during the quarter, compared to analyst estimates of $281.48 million. During the same period last year, the business earned ($0.18) earnings per share. UiPath’s revenue was up 18.6% compared to the same quarter last year. Sell-side analysts predict that UiPath will post -0.28 EPS for the current year.

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, and Japan. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization.