UiPath Sees Unusually High Options Volume (NYSE:PATH)

UiPath Inc. (NYSE:PATH - Get Free Report) saw some unusual options trading on Tuesday. Stock investors acquired 32,103 call options on the stock. This represents an increase of 69% compared to the typical volume of 19,017 call options.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PATH. Royal Bank of Canada reiterated a "sector perform" rating and set a $16.00 target price on shares of UiPath in a report on Friday, December 6th. Needham & Company LLC restated a "hold" rating on shares of UiPath in a report on Wednesday, January 15th. Wells Fargo & Company cut their price target on shares of UiPath from $15.00 to $13.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 23rd. UBS Group began coverage on shares of UiPath in a research report on Thursday, December 12th. They issued a "sell" rating and a $14.00 target price for the company. Finally, BMO Capital Markets boosted their price target on shares of UiPath from $15.00 to $16.00 and gave the company a "market perform" rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $17.44.

Insider Activity at UiPath

In related news, CFO Ashim Gupta sold 47,227 shares of the company'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 completion of the sale, the chief financial officer now directly owns 856,538 shares in the company, valued at $11,186,386.28. This represents a 5.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Hitesh Ramani sold 25,000 shares of the firm's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $13.05, for a total transaction of $326,250.00. Following the completion of the sale, the chief accounting officer now directly owns 269,421 shares in the company, valued at approximately $3,515,944.05. This trade represents a 8.49 % decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Truist Financial Corp purchased a new stake in UiPath during the 4th quarter valued at $307,000. CIBC Asset Management Inc boosted its position in shares of 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 buying an additional 736 shares during the last quarter. Capital Performance Advisors LLP increased its holdings in UiPath by 146.4% in the 4th quarter. Capital Performance Advisors LLP now owns 12,429 shares of the company's stock worth $158,000 after buying an additional 7,384 shares in the last quarter. Palumbo Wealth Management LLC bought a new position in UiPath during the 4th quarter valued at about $144,000. Finally, V Square Quantitative Management LLC boosted its holdings in shares of UiPath by 33.4% during the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company's stock valued at $39,000 after acquiring an additional 759 shares during the last quarter. Institutional investors own 62.50% of the company's stock.

UiPath Stock Performance

Shares of PATH traded down $0.37 during trading hours on Friday, hitting $14.22. The company had a trading volume of 9,168,949 shares, compared to its average volume of 8,171,252. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of -88.84 and a beta of 0.96. The firm has a fifty day moving average price of $13.74 and a 200-day moving average price of $12.88. UiPath has a 52-week low of $10.37 and a 52-week high of $27.87.

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.