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

UiPath Inc. (NYSE:PATH) was the target of some unusual options trading on Wednesday. Traders acquired 22,539 call options on the stock. This is an increase of 25% compared to the average volume of 18,016 call options.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Mizuho decreased their target price on shares of UiPath from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Evercore ISI reduced their price objective on UiPath from $16.00 to $12.00 and set an “in-line” rating for the company in a research report on Thursday, March 13th. Canaccord Genuity Group dropped their target price on UiPath from $19.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Wells Fargo & Company reduced their price target on UiPath from $13.00 to $11.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Finally, Bank of America reaffirmed an “underperform” rating and issued a $10.00 price target (down previously from $18.00) on shares of UiPath in a research report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.72.

UiPath Trading Up 3.8 %

NYSE:PATH opened at $10.87 on Thursday. The stock has a 50-day moving average price of $11.40 and a 200 day moving average price of $12.76. The stock has a market capitalization of $5.99 billion, a P/E ratio of -67.91 and a beta of 1.04. UiPath has a 12-month low of $9.38 and a 12-month high of $20.95.

Insider Buying and Selling at UiPath

In other news, CAO Hitesh Ramani sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $10.19, for a total value of $127,375.00. Following the completion of the transaction, the chief accounting officer now owns 314,891 shares in the company, valued at $3,208,739.29. This trade represents a 3.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 22.37% of the company’s stock.

Institutional Investors Weigh In On UiPath

A number of institutional investors have recently added to or reduced their stakes in the stock. CIBC Asset Management Inc grew its stake in UiPath by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 14,741 shares of the company’s stock valued at $187,000 after acquiring an additional 736 shares in the last quarter. V Square Quantitative Management LLC grew its position in shares of UiPath by 33.4% during the fourth quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company’s stock valued at $39,000 after purchasing an additional 759 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of UiPath by 3.7% in the fourth quarter. Tidal Investments LLC now owns 22,487 shares of the company’s stock worth $286,000 after purchasing an additional 797 shares during the last quarter. True Wealth Design LLC increased its stake in UiPath by 18.4% in the 4th quarter. True Wealth Design LLC now owns 5,163 shares of the company’s stock worth $66,000 after acquiring an additional 801 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its position in shares of UiPath by 47.8% during the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock valued at $32,000 after acquiring an additional 804 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other 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.