Traders Purchase High Volume of Call Options on UiPath (NYSE:PATH)

UiPath, Inc. (NYSE:PATH) was the target of some unusual options trading activity on Thursday. Stock investors bought 126,927 call options on the company. This is an increase of approximately 91% compared to the average volume of 66,602 call options.

Insider Transactions at UiPath

In other news, CAO Hitesh Ramani sold 5,000 shares of UiPath stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $15.47, for a total value of $77,350.00. Following the completion of the transaction, the chief accounting officer directly owned 182,776 shares of the company’s stock, valued at approximately $2,827,544.72. This trade represents a 2.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Daniel Dines sold 45,000 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $15.07, for a total value 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. This represents a 0.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 2,319,002 shares of company stock valued at $34,094,875. Company insiders own 23.19% of the company’s stock.

Institutional Trading of UiPath

Several hedge funds have recently added to or reduced their stakes in PATH. Inspire Investing LLC purchased a new stake in UiPath in the 2nd quarter worth approximately $891,000. AlphaQuest LLC increased its holdings in shares of UiPath by 863.9% in the second quarter. AlphaQuest LLC now owns 42,847 shares of the company’s stock worth $548,000 after purchasing an additional 38,402 shares during the period. Bank of Nova Scotia bought a new position in shares of UiPath in the first quarter worth $3,907,000. Jump Financial LLC purchased a new stake in shares of UiPath in the first quarter worth $11,016,000. Finally, Deutsche Bank AG boosted its stake in UiPath by 3.8% during the first quarter. Deutsche Bank AG now owns 1,562,306 shares of the company’s stock valued at $16,092,000 after buying an additional 56,721 shares during the period. Institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PATH. Wall Street Zen upgraded UiPath from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 15th. Zacks Research lowered UiPath from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Barclays raised their target price on UiPath from $14.00 to $16.00 and gave the company an “equal weight” rating in a report on Thursday. Needham & Company LLC reaffirmed a “hold” rating on shares of UiPath in a research report on Thursday. Finally, Mizuho increased their price target on UiPath from $14.00 to $15.00 and gave the company a “neutral” 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $15.64.

UiPath Trading Up 24.5%

Shares of UiPath stock opened at $18.50 on Friday. The business’s fifty day simple moving average is $14.80 and its 200 day simple moving average is $13.03. UiPath has a 12 month low of $9.38 and a 12 month high of $18.74. The firm has a market capitalization of $9.83 billion, a P/E ratio of 44.05, a price-to-earnings-growth ratio of 5.50 and a beta of 1.10.

UiPath (NYSE:PATH) last announced its earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The firm had revenue of $411.11 million during 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 business’s revenue was up 15.9% compared to the same quarter last year. During the same period last year, the firm posted $0.11 EPS. Analysts predict 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.