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

UiPath Inc. (NYSE:PATH) was the target of some unusual options trading on Wednesday. Investors purchased 22,573 call options on the stock. This represents an increase of approximately 34% compared to the typical volume of 16,845 call options.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Barclays lifted their target price on UiPath from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Friday, September 6th. Evercore ISI boosted their price target on UiPath from $13.00 to $16.00 and gave the company an “in-line” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. lowered their target price on UiPath from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Wells Fargo & Company lowered their price objective on shares of UiPath from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Finally, DA Davidson raised their target price on shares of UiPath from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Sixteen research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $17.47.

Insider Activity

In other UiPath news, CFO Ashim Gupta sold 47,671 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $12.07, for a total transaction of $575,388.97. Following the sale, the chief financial officer now owns 849,917 shares of the company’s stock, valued at approximately $10,258,498.19. This trade represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 22.37% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ontario Teachers Pension Plan Board lifted its stake in UiPath by 136.0% during the third quarter. Ontario Teachers Pension Plan Board now owns 108,725 shares of the company’s stock valued at $1,392,000 after purchasing an additional 62,650 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of UiPath by 60.1% during the 3rd quarter. D.A. Davidson & CO. now owns 557,667 shares of the company’s stock valued at $7,138,000 after acquiring an additional 209,300 shares during the last quarter. Senvest Management LLC boosted its stake in shares of UiPath by 16.7% during the 3rd quarter. Senvest Management LLC now owns 10,894,483 shares of the company’s stock worth $139,449,000 after acquiring an additional 1,559,500 shares in the last quarter. LMR Partners LLP acquired a new position in shares of UiPath in the third quarter worth about $561,000. Finally, Quantbot Technologies LP lifted its holdings in shares of UiPath by 667.7% in the third quarter. Quantbot Technologies LP now owns 101,718 shares of the company’s stock valued at $1,302,000 after purchasing an additional 88,468 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

UiPath Stock Up 7.2 %

Shares of PATH traded up $1.04 during trading on Wednesday, reaching $15.42. The company’s stock had a trading volume of 9,827,591 shares, compared to its average volume of 9,461,540. The company has a market cap of $8.48 billion, a price-to-earnings ratio of -78.20 and a beta of 0.94. The company has a fifty day moving average of $12.96 and a two-hundred day moving average of $12.83. UiPath has a twelve month low of $10.37 and a twelve month high of $27.87.

UiPath (NYSE:PATH) last released its quarterly earnings data on Thursday, September 5th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. UiPath had a negative net margin of 8.13% and a negative return on equity of 3.98%. The firm had revenue of $316.00 million for the quarter, compared to analyst estimates of $303.69 million. During the same quarter in the prior year, the business earned ($0.09) earnings per share. UiPath’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, equities analysts forecast that UiPath will post -0.23 EPS for the current fiscal year.

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.