UiPath Sees Unusually Large Options Volume (NYSE:PATH)

Key Points

• UiPath, Inc. experienced a significant increase in options trading, with 17,218 put options acquired, marking an 18% rise from typical trading volumes.
• Insider selling was notable, with CFO Ashim Gupta selling 56,322 shares and CEO Daniel Dines selling 45,000 shares, indicating a decrease in their ownership by 6.15% and 0.88%, respectively.
• Analysts have set varying price targets for UiPath, with a consensus target price of $13.83 and multiple ratings ranging from "buy" to "hold" and "sell."

UiPath, Inc. (NYSE:PATH - Get Free Report) was the recipient of unusually large options trading on Monday. Stock traders acquired 17,218 put options on the company. Thisrepresentsanincreaseofapproximately18% compared to the typical volume of 14,624 put options.

Insider Buying and Selling

In other UiPath news, CFO Ashim Gupta sold 56,322 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $12.72, for a total value of $716,415.84. Following the completion of the transaction, the chief financial officer owned 859,991 shares in the company, valued at $10,939,085.52. This represents a 6.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Daniel Dines sold 45,000 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $12.43, for a total value of $559,350.00. Following the completion of the transaction, the chief executive officer owned 5,058,376 shares of the company's stock, valued at approximately $62,875,613.68. This represents a 0.88% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 831,310 shares of company stock valued at $10,428,922. 23.19% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC increased its position in UiPath by 3.7% in the 4th quarter. Tidal Investments LLC now owns 22,487 shares of the company's stock worth $286,000 after buying an additional 797 shares during the period. True Wealth Design LLC boosted its stake in UiPath by 18.4% in the 4th quarter. True Wealth Design LLC now owns 5,163 shares of the company's stock valued at $66,000 after buying an additional 801 shares in the last quarter. GAMMA Investing LLC raised its position in UiPath by 48.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,989 shares of the company's stock valued at $38,000 after purchasing an additional 969 shares during the last quarter. United Capital Financial Advisors LLC raised its position in UiPath by 8.6% in the 4th quarter. United Capital Financial Advisors LLC now owns 12,238 shares of the company's stock valued at $156,000 after purchasing an additional 971 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of UiPath by 6.8% during the fourth quarter. NewEdge Advisors LLC now owns 15,809 shares of the company's stock worth $201,000 after acquiring an additional 1,003 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PATH has been the topic of several research reports. Truist Financial upped their price target on UiPath from $12.00 to $13.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Needham & Company LLC reaffirmed a "hold" rating on shares of UiPath in a research report on Friday, May 30th. Canaccord Genuity Group set a $16.00 target price on UiPath and gave the stock a "buy" rating in a research report on Monday, June 2nd. Royal Bank Of Canada increased their target price on UiPath from $13.00 to $15.00 and gave the stock a "sector perform" rating in a research report on Friday, May 30th. Finally, Mizuho dropped their target price on UiPath from $12.00 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, UiPath currently has a consensus rating of "Hold" and a consensus target price of $13.83.

UiPath Stock Down 1.0%

Shares of PATH traded down $0.11 during midday trading on Monday, reaching $10.56. 2,524,873 shares of the stock were exchanged, compared to its average volume of 11,708,611. UiPath has a 12-month low of $9.38 and a 12-month high of $15.93. The firm has a 50 day simple moving average of $12.45 and a 200-day simple moving average of $12.29. The company has a market cap of $5.65 billion, a price-to-earnings ratio of -88.12, a P/E/G ratio of 13.97 and a beta of 1.03.

UiPath (NYSE:PATH - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. UiPath had a negative return on equity of 3.05% and a negative net margin of 4.65%. The company had revenue of $356.62 million during the quarter, compared to the consensus estimate of $332.17 million. During the same period last year, the business earned $0.13 EPS. The business's quarterly revenue was up 6.4% on a year-over-year basis. Research analysts expect that UiPath will post -0.17 earnings per share 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.

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