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

UiPath Inc. (NYSE:PATH - Get Free Report) saw some unusual options trading on Monday. Investors acquired 34,025 call options on the company. This represents an increase of approximately 65% compared to the typical daily volume of 20,597 call options.

Insider Buying and Selling at UiPath

In other news, CFO Ashim Gupta sold 47,227 shares of the company's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $13.06, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $13.05, for a total value of $326,250.00. Following the transaction, the chief accounting officer now owns 269,421 shares in the company, valued at approximately $3,515,944.05. The trade was 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 insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PATH. Pacer Advisors Inc. purchased a new stake in shares of UiPath in the 2nd quarter valued at approximately $69,180,000. Jacobs Levy Equity Management Inc. grew its stake in shares of UiPath by 554.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 4,026,502 shares of the company's stock worth $51,539,000 after purchasing an additional 3,411,562 shares in the last quarter. Senvest Management LLC increased its holdings in UiPath by 16.7% in the third quarter. Senvest Management LLC now owns 10,894,483 shares of the company's stock valued at $139,449,000 after buying an additional 1,559,500 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in UiPath in the third quarter valued at $19,071,000. Finally, Renaissance Technologies LLC purchased a new stake in UiPath during the 2nd quarter worth about $13,280,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PATH has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price target on UiPath from $17.00 to $18.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of UiPath in a research note on Thursday, December 19th. UBS Group started coverage on shares of UiPath in a report on Thursday, December 12th. They issued a "sell" rating and a $14.00 target price on the stock. Morgan Stanley raised their price target on shares of UiPath from $15.00 to $16.00 and gave the stock an "equal weight" rating in a report on Friday, December 6th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $16.00 price objective on shares of UiPath in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued 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 price target of $17.50.

UiPath Stock Up 3.7 %

UiPath stock traded up $0.49 during mid-day trading on Monday, reaching $13.77. 17,173,577 shares of the company's stock were exchanged, compared to its average volume of 9,825,881. UiPath has a twelve month low of $10.37 and a twelve month high of $27.87. The company has a market cap of $7.57 billion, a P/E ratio of -86.06 and a beta of 0.96. The company has a fifty day moving average of $13.48 and a 200-day moving average of $12.72.

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.