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

UiPath Inc. (NYSE:PATH) was the recipient of some unusual options trading on Wednesday. Stock traders purchased 22,573 call options on the company. This is an increase of approximately 34% compared to the average volume of 16,845 call options.

UiPath Stock Up 7.2 %

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

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

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wells Fargo & Company reduced their price objective on UiPath from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Bank of America boosted their price objective on UiPath from $16.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Evercore ISI increased their target price on shares of UiPath from $13.00 to $16.00 and gave the stock an “in-line” rating in a report on Friday, September 6th. BMO Capital Markets upped their target price on UiPath from $14.00 to $15.00 and gave the stock a “market perform” rating in a report on Friday, September 6th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $15.00 price target on shares of UiPath in a research report on Friday, September 6th. Sixteen analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $17.47.

Insider Buying and Selling at UiPath

In other UiPath news, CFO Ashim Gupta sold 47,671 shares of UiPath stock in a transaction 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 in the company, valued at $10,258,498.19. The trade was a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 22.37% of the company’s stock.

Institutional Trading of UiPath

Hedge funds and other institutional investors have recently made changes to their positions in the company. Senvest Management LLC raised its position in 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 purchasing an additional 1,559,500 shares during the last quarter. Geode Capital Management LLC raised its stake in UiPath by 7.2% during the third quarter. Geode Capital Management LLC now owns 7,312,068 shares of the company’s stock worth $93,619,000 after buying an additional 493,502 shares during the last quarter. Pacer Advisors Inc. acquired a new position in UiPath in the second quarter valued at $69,180,000. Jacobs Levy Equity Management Inc. grew its holdings in UiPath by 554.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,026,502 shares of the company’s stock worth $51,539,000 after acquiring an additional 3,411,562 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of UiPath by 11.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,890,360 shares of the company’s stock valued at $36,997,000 after acquiring an additional 291,171 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

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.