UiPath Inc. (NYSE:PATH – Get Free Report) was the target of some unusual options trading activity on Tuesday. Stock investors bought 32,103 call options on the company. This represents an increase of 69% compared to the average volume of 19,017 call options.
UiPath Stock Up 10.3 %
PATH traded up $1.42 on Tuesday, hitting $15.18. The company had a trading volume of 18,131,766 shares, compared to its average volume of 8,787,486. The business’s fifty day simple moving average is $13.65 and its 200 day simple moving average is $12.83. UiPath has a 12-month low of $10.37 and a 12-month high of $27.87. The company has a market cap of $8.34 billion, a PE ratio of -94.86 and a beta of 0.96.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on PATH shares. BMO Capital Markets lifted their price target on shares of UiPath from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Wells Fargo & Company dropped their price target on UiPath from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price objective on UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Royal Bank of Canada reissued a “sector perform” rating and issued a $16.00 target price on shares of UiPath in a report on Friday, December 6th. Finally, Barclays reduced 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. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, UiPath has an average rating of “Hold” and a consensus price target of $17.44.
Get Our Latest Report on UiPath
Insider Buying and Selling at UiPath
In other UiPath news, CFO Ashim Gupta sold 47,227 shares of UiPath 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 transaction, the chief financial officer now directly owns 856,538 shares of the company’s stock, valued at $11,186,386.28. The trade was a 5.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Hitesh Ramani sold 25,000 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $13.05, for a total transaction of $326,250.00. Following the sale, the chief accounting officer now owns 269,421 shares of the company’s stock, valued at $3,515,944.05. This represents a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 22.37% of the company’s stock.
Hedge Funds Weigh In On UiPath
Institutional investors and hedge funds have recently modified their holdings of the stock. Future Financial Wealth Managment LLC bought a new stake in UiPath in the third quarter worth $26,000. JTC Employer Solutions Trustee Ltd bought a new stake in shares of UiPath in the 3rd quarter worth about $26,000. Quarry LP boosted its stake in shares of UiPath by 654.4% during the 3rd quarter. Quarry LP now owns 3,146 shares of the company’s stock worth $40,000 after purchasing an additional 2,729 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of UiPath by 124.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company’s stock worth $52,000 after purchasing an additional 2,274 shares during the period. Finally, True Wealth Design LLC grew its holdings in UiPath by 21,710.0% during the 3rd quarter. True Wealth Design LLC now owns 4,362 shares of the company’s stock valued at $56,000 after purchasing an additional 4,342 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.
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.
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