UiPath Inc. (NYSE:PATH – Get Rating) saw some unusual options trading activity on Thursday. Stock traders bought 21,597 call options on the company. This is an increase of approximately 350% compared to the typical daily volume of 4,800 call options.
In other news, CFO Ashim Gupta sold 40,000 shares of the firm’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $16.61, for a total value of $664,400.00. Following the sale, the chief financial officer now owns 1,359,051 shares in the company, valued at $22,573,837.11. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 31.88% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. raised its stake in shares of UiPath by 3.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 40,993 shares of the healthcare company’s stock valued at $885,000 after purchasing an additional 1,506 shares during the period. MetLife Investment Management LLC purchased a new stake in UiPath during the 1st quarter valued at about $184,000. BlackRock Inc. boosted its holdings in UiPath by 1.9% during the 1st quarter. BlackRock Inc. now owns 5,316,635 shares of the healthcare company’s stock valued at $114,786,000 after acquiring an additional 99,242 shares during the period. Dimensional Fund Advisors LP purchased a new stake in UiPath during the 1st quarter valued at about $534,000. Finally, Canada Pension Plan Investment Board purchased a new stake in UiPath during the 1st quarter valued at about $259,000. Hedge funds and other institutional investors own 56.40% of the company’s stock.
Wall Street Analyst Weigh In
UiPath Stock Up 17.6 %
Shares of NYSE:PATH opened at $17.22 on Friday. The stock has a market cap of $9.52 billion, a price-to-earnings ratio of -25.70 and a beta of 0.60. UiPath has a 12-month low of $10.40 and a 12-month high of $31.88. The business’s 50 day moving average is $14.96 and its 200 day moving average is $13.62.
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, and Japan. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization.
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