Decoding UiPath's Options Activity: What's the Big Picture?

High-rolling investors have positioned themselves bullish on UiPath PATH, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in PATH often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 18 options trades for UiPath. This is not a typical pattern.

The sentiment among these major traders is split, with 72% bullish and 27% bearish. Among all the options we identified, there was one put, amounting to $29,869, and 17 calls, totaling $667,861.

Latest Startup Investment Opportunities:

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $13.0 to $35.0 for UiPath over the recent three months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for UiPath's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of UiPath's whale trades within a strike price range from $13.0 to $35.0 in the last 30 days.

UiPath Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
PATH CALL TRADE BULLISH 03/15/24 $20.00 $101.2K 241 239
PATH CALL SWEEP BULLISH 01/17/25 $25.00 $55.0K 3.6K 310
PATH CALL SWEEP BULLISH 05/17/24 $29.00 $50.2K 575 570
PATH CALL TRADE NEUTRAL 01/17/25 $27.00 $47.6K 650 126
PATH CALL SWEEP BULLISH 01/17/25 $25.00 $42.3K 3.6K 101

About UiPath

UiPath Inc creates an end-to-end platform that provides automation with user emulation at its core. Its platform is built to be used by employees throughout a company and to address a wide variety of use cases, from simple tasks to long-running, complex business processes. It generates revenue from the sale of licenses for its proprietary software, maintenance and support, and professional services. It generates a majority of its revenues from the US, followed by Romania.

After a thorough review of the options trading surrounding UiPath, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

UiPath's Current Market Status

  • Currently trading with a volume of 12,138,630, the PATH's price is up by 0.09%, now at $23.5.
  • RSI readings suggest the stock is currently may be approaching overbought.
  • Anticipated earnings release is in 34 days.

What Analysts Are Saying About UiPath

A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $23.0.

  • Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on UiPath with a target price of $23.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest UiPath options trades with real-time alerts from Benzinga Pro.

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PATHUiPath Inc
$13.15-0.83%

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