Check Out What Whales Are Doing With PATH

Financial giants have made a conspicuous bullish move on UiPath. Our analysis of options history for UiPath PATH revealed 10 unusual trades.

Delving into the details, we found 70% of traders were bullish, while 30% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $126,630, and 8 were calls, valued at $465,552.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $15.0 to $35.0 for UiPath over the last 3 months.

Volume & Open Interest Development

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for UiPath's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across UiPath's significant trades, within a strike price range of $15.0 to $35.0, over the past month.

UiPath Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

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.

UiPath's Current Market Status

• Currently trading with a volume of 3,873,560, the PATH's price is up by 0.54%, now at $25.86.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 77 days.

What The Experts Say On UiPath

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $22.4.

• Maintaining their stance, an analyst from Mizuho continues to hold a Neutral rating for UiPath, targeting a price of $22.
• Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on UiPath with a target price of $17.
• Consistent in their evaluation, an analyst from Canaccord Genuity keeps a Buy rating on UiPath with 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 $24.
• An analyst from Needham has decided to maintain their Buy rating on UiPath, which currently sits at a price target of $25.

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.