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

Investors with a lot of money to spend have taken a bearish stance on UiPath PATH.

And retail traders should know.

We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PATH, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 11 options trades for UiPath.

This isn't normal.

The overall sentiment of these big-money traders is split between 18% bullish and 81%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $142,755, and 10, calls, for a total amount of $513,129.

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What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $18.0 to $31.0 for UiPath during the past quarter.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $18.0 to $31.0 in the last 30 days.

UiPath Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

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, the right to access certain software products it hosts (i.e., SaaS) and professional services. It generates a majority of its revenues from the Americas followed by Europe, Middle East, and Africa and Asia-Pacific.

Where Is UiPath Standing Right Now?

• Currently trading with a volume of 1,320,184, the PATH's price is up by 1.14%, now at $21.79.
• RSI readings suggest the stock is currently may be approaching oversold.
• Anticipated earnings release is in 48 days.

What Analysts Are Saying About UiPath

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $27.0.

• An analyst from JP Morgan has elevated its stance to Overweight, setting a new price target at $28.
• Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on UiPath with a target price of $25.
• An analyst from DA Davidson persists with their Neutral rating on UiPath, maintaining a target price of $24.
• An analyst from RBC Capital has decided to maintain their Sector Perform rating on UiPath, which currently sits at a price target of $29.
• An analyst from RBC Capital has revised its rating downward to Sector Perform, adjusting the price target to $29.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for UiPath, Benzinga Pro gives you real-time options trades alerts.