UiPath Sees Unusually High Options Volume (NYSE:PATH)

UiPath, Inc. (NYSE:PATH) was the recipient of some unusual options trading on Thursday. Traders acquired 110,442 call options on the company. This represents an increase of 78% compared to the average daily volume of 62,173 call options.

Institutional Trading of UiPath

Several institutional investors have recently added to or reduced their stakes in PATH. Noble Wealth Management PBC bought a new stake in UiPath in the 4th quarter valued at $25,000. HighMark Wealth Management LLC bought a new stake in UiPath in the 4th quarter valued at $25,000. Raleigh Capital Management Inc. bought a new stake in UiPath in the 4th quarter valued at $26,000. TD Waterhouse Canada Inc. boosted its stake in UiPath by 1,270.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock valued at $29,000 after purchasing an additional 1,652 shares during the period. Finally, Atlas Capital Advisors Inc. bought a new stake in UiPath in the 4th quarter valued at $37,000. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PATH. William Blair restated a “hold” rating on shares of UiPath in a research note on Thursday, March 12th. Wells Fargo & Company reduced their target price on UiPath from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Thursday, March 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of UiPath in a research note on Friday, March 27th. UBS Group reduced their target price on UiPath from $17.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, March 12th. Finally, Mizuho reduced their target price on UiPath from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, March 12th. Three investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $14.07.

UiPath Stock Up 6.9%

Shares of NYSE PATH traded up $0.78 during midday trading on Thursday, hitting $11.94. 46,839,367 shares of the company’s stock were exchanged, compared to its average volume of 31,646,352. UiPath has a 12 month low of $9.20 and a 12 month high of $19.84. The company’s 50 day moving average price is $10.75 and its 200 day moving average price is $12.93. The firm has a market capitalization of $6.25 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 1.82 and a beta of 0.91.

UiPath (NYSE:PATH) last issued its earnings results on Wednesday, March 11th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.25 by $0.05. The company had revenue of $481.11 million during the quarter, compared to the consensus estimate of $464.81 million. UiPath had a return on equity of 5.69% and a net margin of 17.53%.The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 EPS. On average, equities research analysts anticipate that UiPath will post 0.32 EPS for the current 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. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric.