Investors Show Increased Interest in UiPath Call Options

UiPath Inc. (NYSE:PATH - Get Free Report) experienced a notable surge in options trading on Friday when investors purchased 25,833 call options. This acquisition marked an increase of about 11% compared to the typical daily volume of 23,224 call options, indicating heightened interest in the company's stock.

Insider Transactions at UiPath

In related news, the Chief Financial Officer (CFO) Ashim Gupta sold 47,227 shares of UiPath on Friday, January 3rd. The shares were sold at an average price of $13.06, totaling $616,784.62 in value. Following this transaction, Gupta owns 856,538 shares of the company, estimated to be worth around $11,186,386.28. This sale represented a decrease of 5.23% in his holdings. The details of this transaction are available through a filing made with the Securities and Exchange Commission.

Additionally, the Chief Accounting Officer (CAO) Hitesh Ramani sold 25,000 shares of the company's stock on the same date at an average price of $13.05, amounting to $326,250.00. After this sale, Ramani’s direct ownership in UiPath consists of 269,421 shares, valued at about $3,515,944.05, reflecting an 8.49% decrease in his stake. Insiders currently hold 22.37% of UiPath's stock.

Hedge Funds Weigh In On UiPath

Several institutional investors have made adjustments to their positions in UiPath recently. Janney Montgomery Scott LLC increased its holdings by 17.7% during the third quarter, now owning 104,608 shares worth $1,339,000 after adding 15,698 shares. Amalgamated Bank raised its position by 7.1%, now owning 27,312 shares valued at $350,000 after acquiring an additional 1,811 shares.

Similarly, Principal Financial Group Inc. grew its position by 10.5%, now having 36,685 shares worth $470,000 after obtaining 3,477 extra shares. The State of New Jersey Common Pension Fund D also increased its stake by 7.1%, owning 179,083 shares worth $2,292,000 after adding 11,810 shares. Finally, Versor Investments LP acquired a new stake in UiPath during the third quarter, with an investment of $266,000. Overall, institutional investors and hedge funds control 62.50% of the company’s shares.

Wall Street Analysts Forecast Growth

Various analysts have recently examined UiPath, providing updates on their price targets. Morgan Stanley lowered its price target for UiPath from $16.00 to $12.00 while rating it as "equal weight" in a recent research note. Evercore ISI also adjusted its target from $16.00 to $12.00 and assigned an "in-line" rating.

Similarly, the Royal Bank of Canada cut its target price from $16.00 to $13.00 while deeming it a "sector perform" investment. UBS Group also reduced its price target from $14.00 to $10.00, giving it a "sell" rating. Lastly, Barclays decreased its target from $15.00 to $12.00, consistently maintaining an "equal weight" rating. Among the analysts, two recommend a sell, fifteen suggest a hold, and two advocate a buy for UiPath’s stock, which currently holds a consensus rating of "Hold" with an average target price of $14.53.

UiPath Trading Up 7.2%

On Friday, UiPath's stock saw a rise of 7.2%, with shares trading up $0.72 to reach $10.69. The trading volume was significantly high, with 17,313,645 shares exchanged compared to an average volume of 9,565,553. The company's market capitalization stands at approximately $5.87 billion, with a price-to-earnings ratio of -66.88. The stock has a beta of 1.00 and a 50-day moving average price of $13.41, alongside a 200-day moving average of $13.16. Over the past twelve months, UiPath's stock has reached a low of $9.50 and a high of $25.47.

About UiPath

UiPath Inc. specializes in providing comprehensive automation solutions that focus on robotic process automation (RPA) primarily across the United States, Romania, the United Kingdom, and the Netherlands. The company offers a broad suite of interconnected software solutions designed to build, manage, run, engage, measure, and oversee automation processes within organizations.

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