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

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

Analysts Set New Price Targets

PATH has been the subject of several recent analyst reports. Wells Fargo & Company lowered their target price on shares of UiPath from $15.00 to $13.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 23rd. Needham & Company LLC restated a "hold" rating on shares of UiPath in a research report on Wednesday, January 15th. JPMorgan Chase & Co. lifted their target price on UiPath from $17.00 to $18.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Barclays lowered their price target on UiPath from $16.00 to $15.00 and set an "equal weight" rating for the company in a report on Friday, January 10th. Finally, UBS Group began coverage on UiPath in a report on Thursday, December 12th. They set a "sell" rating and a $14.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $17.44.

Insider Activity

In other UiPath news, CFO Ashim Gupta sold 47,227 shares of the firm's stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $13.06, for a total transaction of $616,784.62. Following the transaction, the chief financial officer now owns 856,538 shares in the company, valued at approximately $11,186,386.28. This trade represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Hitesh Ramani sold 25,000 shares of the company's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $13.05, for a total value of $326,250.00. Following the completion of the sale, the chief accounting officer now directly owns 269,421 shares of the company's stock, valued at approximately $3,515,944.05. This trade represents a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 22.37% of the company's stock.

Institutional Trading of UiPath

Institutional investors and hedge funds have recently bought and sold shares of the stock. Truist Financial Corp bought a new position in UiPath in the fourth quarter valued at approximately $307,000. CIBC Asset Management Inc grew its stake in shares of UiPath by 5.3% in 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 in the last quarter. Capital Performance Advisors LLP increased its holdings in UiPath by 146.4% during the fourth 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 during the last quarter. Palumbo Wealth Management LLC bought a new stake in UiPath during the fourth quarter worth $144,000. Finally, V Square Quantitative Management LLC lifted its stake in UiPath by 33.4% in the fourth 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 Price Performance

NYSE:PATH traded down $0.31 on Friday, hitting $14.28. 6,398,175 shares of the company's stock were exchanged, compared to its average volume of 9,033,956. The firm has a 50-day moving average price of $13.75 and a 200-day moving average price of $12.87. UiPath has a 52 week low of $10.37 and a 52 week high of $27.87. The company has a market cap of $7.85 billion, a P/E ratio of -89.40 and a beta of 0.96.

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.