PATH UiPath, Inc.
XNYS
13.96
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
PATH
$13.96
—
Key stats
$13.96
- 52-Week Range
- $9.20 – $19.84
- YTD
- -12.09%
- IV Rank (30D)
- 10.1
- Straddle Price
- $1.67
- P/C Vol Ratio
- 0.48
- Market Cap
- $7.3B
- Open
- $13.80
- Day Range
- $13.62 – $14.00
- Volume
- 14,929,643
- Prev Close
- $13.94
Fair Value
MODEL: SHORT
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.12% |
| Beta vs SPY | 1.39 |
| Cost of Equity (CAPM) | 12.79% (VRP-adj) |
| WACC | 12.73% |
| Volatility Risk Premium | +37.7pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | -0.2% |
| DCF Horizon | 10 years explicit + fade |
| Free Cash Flow (TTM) | $0.4B |
| Return on Equity (TTM) | 18.6% |
| Book / Price | 25.5% |
| Debt / Equity | 0.00 |
| Quality Score | 3/6 — normal (10y DCF) |
| Market-Implied Growth | +14.9% (reverse-DCF on current price) |
| SMA 50 | $14.54 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $13.13 |
| Bollinger Width / SMA20 | 101.1% (drives anchor stability) |
| Net Debt | $-0.6B |
| Market Cap | $8B |
Peers used for multiples: AMBA, AUR, GOOGL, MBLY, META, NVDA, XYZ, ZM
60-Day Conviction
58%
20-Day Fair Value
≈ by Nov 23, 2026
$13.95
α -0.3%
rank 14%
conviction
20%
40-Day Fair Value
≈ by Dec 22, 2026
$13.93
α -0.5%
rank 14%
conviction
12%
60-Day Fair Value
≈ by Jan 20, 2027
$13.76
α -1.7%
rank 14%
conviction
58%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $6.85 | 52% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | median 26.1× · 5 peers |
| Peer EV/EBITDA | n/a | 0% | median 25.3× · 6 peers |
| Peer P/B | $17.49 | 5% | median 4.9× · 8 peers |
| Peer P/S | n/a | 0% | median 7.4× · 8 peers |
| Market Anchor (SMA50) | $14.54 | 0% | stability 0% (BB-width) |
| Options Expected (B-L 30d) | $13.92 | 44% | 17 strikes · skew -0.00 |
As of 2026-10-23 · updated
Related
About
- Industry (SIC)
- SERVICES-PREPACKAGED SOFTWARE (7372) · industry map
- Exchange
- XNYS
- Market Cap
- $7.3B
- Employees
- 3,981
- List Date
- 2021-04-21
- CIK
- 0001734722
- Next Earnings
- 2026-12-02 (After-Close)
- EPS Forecast
- $0.10 (4 est.)
- Headquarters
- New York, NY
- Homepage
- https://www.uipath.com
UiPath Inc offers an end-to-end cross-application enterprise automation platform principally with computer vision technology and user interface automations in its initial RPA offering, which remains the foundation of the platform. The platform leverages a range of automation technologies, including robotic process automation, application programming interface, and artificial intelligence. UiPath's solution can automate a broad range of repetitive tasks across industries, including claims processing, employee onboarding, invoice-to-cash, loan applications, and customer service. The company work…
Summary
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composite
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No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -- | -16.73% | 24.98% | -3.45% | 9.98% | -20.72% | -1.19% |
| Feb | -- | -6.54% | -13.22% | 2.77% | -13.44% | -14.43% | -8.97% |
| Mar | -- | -36.41% | 20.44% | -4.06% | -12.41% | 3.74% | -5.74% |
| Apr | 4.35% | -19.61% | -19.03% | -14.51% | 13.71% | -6.53% | -6.94% |
| May | 12.53% | -8.08% | 26.43% | -36.28% | 12.04% | 9.84% | 2.75% |
| Jun | -15.94% | 8.08% | -7.59% | 6.38% | 2.48% | -17.02% | -3.94% |
| Jul | -7.15% | -2.03% | 6.86% | -5.51% | -7.41% | 10.43% | -0.80% |
| Aug | 5.92% | -12.31% | -11.13% | 9.15% | 0.09% | 43.07% | 5.80% |
| Sep | -15.20% | -21.97% | 7.68% | 1.67% | 22.75% | -29.22% | -5.71% |
| Oct | -3.66% | -0.78% | -9.92% | -0.32% | 22.09% | 5.07%* | 2.08% |
| Nov | -8.58% | 1.14% | 27.32% | 13.05% | -12.67% | -- | 4.05% |
| Dec | -1.82% | -1.63% | -0.80% | -12.47% | 16.08% | -- | -0.13% |
| Total | -28.82% | -73.85% | 43.77% | -42.94% | 53.28% | -29.55% | -13.02% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $13.21
SMA 50: $14.49
SMA 200: $12.44
Current: $13.99
EMA 12: $13.50
EMA 26: $13.56
MACD: -0.0588 | Signal: 0.1646
BEARISH
ADX (14): 19.16
RANGE
+DI: 26.74
−DI: 15.27
Momentum Oscillators
RSI (14): 55.26
NEUTRAL
Stoch %K: 85.82
Stoch %D: 73.11
Williams %R: -8.02
Volume & Volatility
BB Upper: $14.10
BB Lower: $12.32
NEUTRAL
OBV: 1,082,471,810
Vol SMA 20: 29,377,159
Vol ROC: -42.19%
ATR: $0.60
True Range: $0.38
HV 20: 40.5%
HV 30: 44.8%
HV 60: 65.7%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall Assessment: BULLISH (Confidence Level: 7/10)
Key Drivers: Positive news sentiment, momentum signals, and recent earnings beats driving the stock price higher.
Primary Risks: Overbought conditions, high volatility, and potential regulatory issues impacting the workflow automation market.
Investment Thesis: PATH is a strong performer in the workflow automation space with significant growth potential. The stock has recently seen a surge in momentum, driven by positive news sentiment and earnings beats. While overbought conditions are present, we believe the stock can continue to trend higher, particularly if the company can maintain its competitive edge and adapt to changing market trends.
Recent News Sentiment Impact: The recent news headlines have been overwhelmingly positive, with articles highlighting PATH's growth potential, partnerships, and industry leadership. This has contributed to a strong sentiment boost, which we believe will continue to drive price movements in the near term.
Technical Analysis
Trend Direction: Short-term: Bullish (1-4 weeks), Medium-term: Neutral (1-3 months), Long-term: Bullish (3-12 months)
Support/Resistance Levels: SMA 20 ($12.37) and SMA 50 ($11.61) are key levels to monitor for potential support.
Momentum Signals:
- RSI Interpretation: Overbought (>70)
- MACD Signal: Bullish (signal line crossover above zero)
- Bollinger Bands Position: Squeeze (price touching upper band)
Volume Analysis: Volume SMA 20 is trending downward, indicating a potential reversal in institutional interest.
News & Sentiment Analysis
Recent Headlines Summary: Positive news headlines have dominated the recent news cycle, highlighting PATH's growth potential and industry leadership.
Sentiment Assessment: Aggregate sentiment: POSITIVE (7/10)
Catalyst Identification: Upcoming earnings release (no specific date available) and potential partnerships or product launches in the workflow automation space.
Market Narrative: The market narrative is one of growth and innovation, with PATH positioned as a leader in this space. The recent news headlines have reinforced this narrative, driving price movements higher.
Risk & Volatility Assessment
Beta Interpretation: High risk (beta >1.16) relative to the broader market.
Volatility Regime: Current volatility is above average, indicating a high level of market uncertainty.
Options Market Signals:
- IV Rank: 45.5% (Medium)
- Put/Call Volume Ratio: 0.19 (Bullish sentiment)
Downside Protection: Support levels at SMA 20 ($12.37) and SMA 50 ($11.61).
Market Context & Positioning
Sector Performance: Workflow automation sector is performing well, with PATH leading the way.
Institutional Activity: Institutional interest has been trending downward in recent weeks, indicating a potential reversal.
Correlation Analysis: PATH has a moderate correlation (0.22) with the broader market, indicating a relatively independent movement.
Relative Valuation: PATH is positioned within a trading range, with potential for further upside if the company can continue to deliver strong earnings and growth.
Key Levels & Action Items
Critical Price Levels:
- SMA 20 ($12.37)
- SMA 50 ($11.61)
Breakout/Breakdown Levels:
- Upper band of Bollinger Bands ($14.76) - potential resistance
- Lower band of Bollinger Bands ($9.98) - potential support
Time-Sensitive Catalysts: Upcoming earnings release (no specific date available).
Risk Management: Monitor volume and momentum signals to identify potential reversals or changes in market sentiment. Consider adjusting position sizing or stop-loss levels based on these signals.
I hope this analysis meets the requirements! Let me know if you have any questions or need further clarification.
Generated
News
All PATH news →
UiPath trades at a 17x forward P/E with net income growth and zero debt, while Snowflake commands a 147x multiple despite persistent losses.
Figma's eight-quarter growth streak contrasts sharply with UiPath's seasonal swings, yet UiPath still commands higher absolute revenue — for now.
UiPath reached consistent profitability and keeps raising its outlook after years of losses. Figma is growing faster than expected but saw its stock drop sharply as AI investment costs weigh on margins.
One company is profitable and raising its outlook. The other just hit a free cash flow milestone but is still working through a significant restructuring with heavy losses.
CrowdStrike trades at a steep premium despite ongoing profitability challenges, while UiPath has just turned profitable with a valuation multiple a fraction of its rival's.
ServiceNow pairs faster growth with steady profits. UiPath trades at a lower valuation, though a one-time tax benefit inflated its fiscal 2026 profit.
Showing 1–10 of 16
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Earnings History
14 of 22 under expected move
Avg Expected Move
15.58%
Avg Actual Move
12.51%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-06-08 | After-Close | 17.24% | 9.59% | 0.56x | Within |
| 2021-09-07 | After-Close | 13.98% | 9.62% | 0.69x | Within |
| 2021-12-08 | After-Close | 18.03% | 1.38% | 0.08x | Within |
| 2022-03-30 | After-Close | 18.18% | 25.65% | 1.41x | Exceeded |
| 2022-06-01 | After-Close | 17.41% | 16.70% | 0.96x | Within |
| 2022-09-06 | After-Close | 17.90% | 11.23% | 0.63x | Within |
| 2022-11-14 | After-Close | 7.47% | 11.29% | 1.51x | Exceeded |
| 2023-03-15 | After-Close | 12.02% | 17.62% | 1.47x | Exceeded |
| 2023-05-24 | After-Close | 17.93% | 11.20% | 0.62x | Within |
| 2023-09-06 | After-Close | 11.10% | 11.47% | 1.03x | Exceeded |
| 2023-11-30 | After-Close | 11.03% | 26.72% | 2.42x | Exceeded |
| 2024-03-13 | After-Close | 16.37% | 6.88% | 0.42x | Within |
| 2024-05-29 | After-Close | 14.84% | 34.04% | 2.29x | Exceeded |
| 2024-09-05 | After-Close | 18.84% | 6.04% | 0.32x | Within |
| 2024-12-05 | After-Close | 16.39% | 0.94% | 0.06x | Within |
| 2025-03-12 | After-Close | 20.84% | 15.72% | 0.75x | Within |
| 2025-05-29 | After-Close | 13.29% | 2.86% | 0.22x | Within |
| 2025-09-04 | After-Close | 13.78% | 5.90% | 0.43x | Within |
| 2025-12-03 | After-Close | 13.63% | 24.36% | 1.79x | Exceeded |
| 2026-03-11 | After-Close | 18.13% | 8.16% | 0.45x | Within |
| 2026-05-28 | After-Close | 19.17% | 1.21% | 0.06x | Within |
| 2026-09-03 | After-Close | 15.23% | 16.63% | 1.09x | Exceeded |
Earnings calendar: this week’s reports with expected vs actual moves →
PATH Options Activity & IV Rank
PATH IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 54.9%
7-DTE IV: 52.3%
Expected Move: $1.67
7-DTE Move: $0.82
Days to Exp: 28 (2026-11-20)
Options Flow
Call Volume: 672
Put Volume: 325
P/C Volume: 0.484
BULLISH
Call OI: 39,591
Put OI: 13,395
P/C OI: 0.338
Total OI: 52,986
ATM Options Pricing
ATM Call: $0.82
ATM Put: $0.85
Call %: 5.9%
Put %: 6.1%
Chain Summary
Chain Volume: 13,887
Chain OI: 567,935
Last Updated: 10/23/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 62nd percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
62%
vs own history
GEX tilt
+0.39
OI-weighted, today
Vanna tilt
+0.39
δ-sensitivity to IV
Charm tilt
-0.54
δ-decay vs time
Vanna tilt +0.39: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.54: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 103 ATM contracts, 152k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
59%
+4.8
pts
EXTREME
ATM 54.5% / Wing 59.3%
30 DTE / 10d
40%
+2.2
pts
EXTREME
ATM 54.0% / Wing 56.3%
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)7.1LowOct 23
IV Rank (30 DTE)10.1LowOct 23
Straddle Price (30 DTE)$1.67Oct 23
Beta Analysis
Risk Metrics
Beta: 1.1350
Alpha: -4.09%
Correlation: 0.2226
R-Squared: 5.0%
Stock Volatility: 65.0%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Above average volatility - stock moves with market amplification
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time
Notable investors who own PATH
6 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Renaissance Technologies Hedge fund Jim Simons | $38.6M | #422 of 3138 | new | 13F | |
| Coatue Management Hedge fund Philippe Laffont | $21.3M | #53 of 66 | -13.6% | 13F | |
| Citadel Hedge fund Ken Griffin | $20.5M | #1138 of 6285 | -39.0% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $7.1M | #1829 of 3716 | new | 13F | |
| Point72 Hedge fund Steve Cohen | $4.0M | #1052 of 1945 | -81.0% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $1.1M | #1623 of 4729 | +4.9% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
PATH Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 538,640,250 (as of 2026-04-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
36 filers$516.11M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $189.15M | 36.65% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $76.99M | 14.92% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $63.69M | 12.34% | 2026-06-30 |
| 4 | D. E. Shaw & Co., Inc. Custodian | $34.77M | 6.74% | 2026-06-30 |
| 5 | Symmetry Investments LP | $33.70M | 6.53% | 2026-06-30 |
| 6 | Millennium Management LLC Custodian | $31.13M | 6.03% | 2026-06-30 |
| 7 | Wolverine Trading, LLC Custodian | $18.12M | 3.51% | 2025-09-30 |
| 8 | Simplex Trading, LLC Custodian | $11.69M | 2.27% | 2026-06-30 |
| 9 | IMC-Chicago, LLC Custodian | $10.16M | 1.97% | 2026-06-30 |
| 10 | Soviero Asset Management, LP | $5.87M | 1.14% | 2026-06-30 |
| 11 | PEAK6 LLC | $5.66M | 1.10% | 2026-06-30 |
| 12 | GROUP ONE TRADING LLC Custodian | $5.54M | 1.07% | 2026-06-30 |
| 13 | Walleye Capital LLC | $4.43M | 0.86% | 2026-06-30 |
| 14 | CAPITAL FUND MANAGEMENT S.A. | $4.23M | 0.82% | 2026-06-30 |
| 15 | Walleye Trading LLC | $4.04M | 0.78% | 2026-06-30 |
| 16 | Caption Management, LLC | $2.71M | 0.53% | 2026-06-30 |
| 17 | TUDOR INVESTMENT CORP ET AL | $2.53M | 0.49% | 2026-06-30 |
| 18 | Point72 Asset Management, L.P. | $2.25M | 0.44% | 2026-06-30 |
| 19 | Citigroup Inc. Custodian | $2.17M | 0.42% | 2026-06-30 |
| 20 | UBS Group AG Custodian | $1.96M | 0.38% | 2026-06-30 |
| 21 | Parallax Volatility Advisers, L.P. | $1.78M | 0.34% | 2026-06-30 |
| 22 | CMT Capital Markets Trading GmbH | $1.25M | 0.24% | 2026-06-30 |
| 23 | Vontobel Holding Ltd. | $1.18M | 0.23% | 2026-09-30 |
| 24 | Twin Tree Management, LP | $391.32K | 0.08% | 2026-06-30 |
| 25 | Arax Advisory Partners Custodian | $380.45K | 0.07% | 2026-06-30 |
27 filers$477.13M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Goldman Sachs Group Inc Custodian | $132.64M | 27.80% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $103.07M | 21.60% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $68.82M | 14.42% | 2026-06-30 |
| 4 | Citadel Advisors LLC Custodian | $51.47M | 10.79% | 2026-06-30 |
| 5 | PEAK6 LLC | $28.53M | 5.98% | 2026-06-30 |
| 6 | IMC-Chicago, LLC Custodian | $16.82M | 3.53% | 2026-06-30 |
| 7 | Millennium Management LLC Custodian | $12.47M | 2.61% | 2026-06-30 |
| 8 | Walleye Trading LLC | $11.78M | 2.47% | 2026-06-30 |
| 9 | Simplex Trading, LLC Custodian | $10.44M | 2.19% | 2026-06-30 |
| 10 | Alphadyne Asset Management LP | $8.37M | 1.76% | 2026-06-30 |
| 11 | Wolverine Trading, LLC Custodian | $5.12M | 1.07% | 2025-09-30 |
| 12 | BNP Paribas Financial Markets Custodian | $4.35M | 0.91% | 2026-06-30 |
| 13 | Twin Tree Management, LP | $3.30M | 0.69% | 2026-06-30 |
| 14 | Walleye Capital LLC | $3.21M | 0.67% | 2026-06-30 |
| 15 | TUDOR INVESTMENT CORP ET AL | $3.21M | 0.67% | 2026-06-30 |
| 16 | CAPITAL FUND MANAGEMENT S.A. | $2.34M | 0.49% | 2026-06-30 |
| 17 | UBS Group AG Custodian | $2.17M | 0.46% | 2026-06-30 |
| 18 | GROUP ONE TRADING LLC Custodian | $2.12M | 0.44% | 2026-06-30 |
| 19 | JPMorgan Chase & Co Custodian | $1.60M | 0.34% | 2026-06-30 |
| 20 | D. E. Shaw & Co., Inc. Custodian | $1.31M | 0.27% | 2026-06-30 |
| 21 | Daiwa Securities Group Inc. | $1.17M | 0.25% | 2026-06-30 |
| 22 | Parallax Volatility Advisers, L.P. | $1.09M | 0.23% | 2026-06-30 |
| 23 | Jain Global LLC | $652.20K | 0.14% | 2026-06-30 |
| 24 | Marex Group Ltd | $543.50K | 0.11% | 2026-06-30 |
| 25 | Point72 Asset Management, L.P. | $495.67K | 0.10% | 2026-06-30 |
PATH Insider Trading (Form 4)
Latest: 2026-10-19Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-10-19 | Daniel Dines | CEO and Chairman | Sell (S) | −2,500,000 | $13.23 | -$33.07M | EDGAR |
| 2026-10-13 | Brad Brubaker | Chief Legal & Admin Officer | Sell (S) | −27,404 | $13.63 | -$373.6K | EDGAR |
| 2026-10-13 | Raghavendra Malpani | CPO & CTO | Sell (S) | −29,564 | $13.51 | -$399.3K | EDGAR |
| 2026-10-05 | Raghavendra Malpani | CPO & CTO | Tax (F) | −38,368 | $12.84 | -$492.6K | EDGAR |
| 2026-10-05 | Hitesh Ramani | Chief Financial Officer | Tax (F) | −30,620 | $12.84 | -$393.2K | EDGAR |
| 2026-10-05 | Brad Brubaker | Chief Legal & Admin Officer | Tax (F) | −35,395 | $12.84 | -$454.5K | EDGAR |
| 2026-10-05 | Ashim Gupta | COO | Mixed | −134,943 | $13.00 | -$1.75M | EDGAR |
| 2026-09-21 | Raghavendra Malpani | CPO & CTO | Sell (S) | −40,464 | $14.00 | -$566.6K | EDGAR |
| 2026-09-17 | Raghavendra Malpani | CPO & CTO | Sell (S) | −98,429 | $13.81 | -$1.36M | EDGAR |
| 2026-09-14 | Ashim Gupta | COO | Sell (S) | −117,339 | $13.85 | -$1.63M | EDGAR |
| 2026-09-09 | Daniel Dines | CEO and Chairman | Mixed | +5,000,000 | — | EDGAR | |
| 2026-09-03 | Brad Brubaker | Chief Legal & Admin Officer | Award (A) | +300,000 | — | EDGAR | |
| 2026-09-03 | Ashim Gupta | COO | Award (A) | +1,125,000 | — | EDGAR | |
| 2026-09-03 | Hitesh Ramani | Chief Financial Officer | Award (A) | +655,368 | — | EDGAR | |
| 2026-09-03 | Yazdi Framroz Bagli | Director | Award (A) | +34,582 | — | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
PATH Insider Holdings
13 insiders · @ $13.99
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Daniel Dines | CEO and Chairman | 28,991,238 | $405.59M | -$236.06M | 118 | 2026-10-19 |
| 2 | Philippe Botteri | Director | 3,534,415 | $49.45M | -$314.14M | 19 | 2026-06-29 |
| 3 | Ashim Gupta | COO | 1,968,486 | $27.54M | -$48.20M | 63 | 2026-10-05 |
| 4 | Raghavendra Malpani | CPO & CTO | 1,514,281 | $21.18M | -$2.33M | 7 | 2026-10-13 |
| 5 | Brad Brubaker | Chief Legal & Admin Officer | 1,066,107 | $14.91M | -$8.57M | 37 | 2026-10-13 |
| 6 | Hitesh Ramani | Chief Financial Officer | 889,097 | $12.44M | -$4.98M | 55 | 2026-10-05 |
| 7 | Rich Wong | Director | 864,494 | $12.09M | -$319.95M | 28 | 2026-06-29 |
| 8 | Michael Lawrence Gordon | Director | 194,639 | $2.72M | $0 | 5 | 2026-06-29 |
| 9 | Daniel D. Springer | Director | 154,294 | $2.16M | $0 | 5 | 2026-06-29 |
| 10 | Karenann K Terrell | Director | 100,292 | $1.40M | $0 | 5 | 2026-06-29 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
PATH Board & Officers
As of SEC filings through Oct 19, 2026Directors 9
- Daniel D. Springer · since Apr 20, 2021
- Daniel Dines · since Apr 20, 2021
- Michael Lawrence Gordon · since Apr 20, 2021
- Philippe Botteri · since Apr 20, 2021
- Rich Wong · since Apr 20, 2021
- Karenann K Terrell · since Apr 7, 2023
- June Yang · since Feb 1, 2024
- Sivaramakichenane Somasegar · since Sep 5, 2024
- Yazdi Framroz Bagli · since Sep 3, 2026
Officers 5
- Daniel Dines · CEO and Chairman · since Apr 20, 2021
- Hitesh Ramani · Chief Financial Officer · listed since Sep 2026
- Ashim Gupta · COO · listed since Sep 2026
- Brad Brubaker · Chief Legal & Admin Officer · listed since Sep 2026
- Raghavendra Malpani · Cpo & CTO · since Mar 25, 2026
10% owners 1
- Daniel Dines · since Apr 20, 2021
Changes in the last 10 years (66)
| Sep 3, 2026 | Yazdi Framroz Bagli became a director |
| Sep 3, 2026 | Hitesh Ramani listed as Chief Financial Officer (previously Chief Accounting Officer) in SEC filings |
| Sep 3, 2026 | Brad Brubaker listed as Chief Legal & Admin Officer (previously GC & Chief Legal Officer) in SEC filings |
| Sep 3, 2026 | Ashim Gupta listed as COO (previously COO & CFO) in SEC filings |
| Mar 25, 2026 | Raghavendra Malpani became Cpo & CTO |
| May 6, 2025 | The company announced the departure of Laela Sturdy from the board in an SEC filing |
| Sep 17, 2024 | Ashim Gupta listed as COO & CFO (previously Chief Financial Officer) in SEC filings |
| Sep 5, 2024 | Sivaramakichenane Somasegar became a director |
| May 23, 2024 | The company announced the departure of Robert Enslin from the board in an SEC filing |
| Feb 20, 2024 | Robert Enslin first listed as a director in an SEC filing |
| Feb 1, 2024 | June Yang became a director |
| Jun 20, 2023 | Rich Wong no longer listed as a 10% owner in SEC filings |
| Jun 20, 2023 | Philippe Botteri no longer listed as a 10% owner in SEC filings |
| Jun 20, 2023 | Accel London V Strategic Partners L.P. reported in an SEC filing no longer being a 10% owner |
| Jun 20, 2023 | Accel London V L.P. reported in an SEC filing no longer being a 10% owner |
| Jun 20, 2023 | Accel London V Associates L.P. reported in an SEC filing no longer being a 10% owner |
| Jun 20, 2023 | Accel London V Associates L.L.C. reported in an SEC filing no longer being a 10% owner |
| Jun 20, 2023 | Accel London Investors 2016 L.P. reported in an SEC filing no longer being a 10% owner |
| Jun 20, 2023 | Accel Growth Fund Investors 2016 L.L.C. reported in an SEC filing no longer being a 10% owner |
| Jun 20, 2023 | Accel Growth Fund IV Strategic Partners L.P. reported in an SEC filing no longer being a 10% owner |
| Jun 20, 2023 | Accel Growth Fund IV L.P. reported in an SEC filing no longer being a 10% owner |
| Jun 20, 2023 | Accel Growth Fund IV Associates L.L.C. reported in an SEC filing no longer being a 10% owner |
| Apr 11, 2023 | The company announced the departure of Jennifer Tejada from the board in an SEC filing |
| Apr 7, 2023 | Karenann K Terrell became a director |
| Apr 4, 2023 | Ted Kummert reported in an SEC filing no longer being EVP, Product & Engineering |
| Apr 4, 2023 | Christopher Lee Weber reported in an SEC filing no longer being Chief Business Officer |
| Feb 13, 2023 | The company announced the departure of Carl M. Eschenbach from the board in an SEC filing |
| May 16, 2022 | Robert Enslin became co-Chief Executive Officer |
| Apr 4, 2022 | Christopher Lee Weber became Chief Business Officer |
| Mar 30, 2022 | The company announced the departure of Thomas Neergaard Hansen as Chief Revenue Officer in an SEC filing |
| Apr 23, 2021 | Earlybird Management SA reported in an SEC filing no longer being a 10% owner |
| Apr 23, 2021 | Digital East Fund 2013 SCA SICAR reported in an SEC filing no longer being a 10% owner |
| Apr 20, 2021 | Thomas Neergaard Hansen became Chief Revenue Officer |
| Apr 20, 2021 | Thomas F Mendoza became a director |
| Apr 20, 2021 | Ted Kummert became EVP, Product & Engineering |
| Apr 20, 2021 | Rich Wong became a director |
| Apr 20, 2021 | Rich Wong became a 10% owner |
| Apr 20, 2021 | Philippe Botteri became a director |
| Apr 20, 2021 | Philippe Botteri became a 10% owner |
| Apr 20, 2021 | Michael Lawrence Gordon became a director |
| Apr 20, 2021 | Laela Sturdy became a director |
| Apr 20, 2021 | Kimberly Hammonds became a director |
| Apr 20, 2021 | Jennifer Tejada became a director |
| Apr 20, 2021 | ICE VULCAN HOLDING Ltd became a 10% owner |
| Apr 20, 2021 | Hitesh Ramani became Chief Accounting Officer |
| Apr 20, 2021 | Earlybird Management SA became a 10% owner |
| Apr 20, 2021 | Digital East Fund 2013 SCA SICAR became a 10% owner |
| Apr 20, 2021 | Daniel Dines became a director |
| Apr 20, 2021 | Daniel Dines became a 10% owner |
| Apr 20, 2021 | Daniel Dines became CEO and Chairman |
| Apr 20, 2021 | Daniel D. Springer became a director |
| Apr 20, 2021 | Carl M. Eschenbach became a director |
| Apr 20, 2021 | Brad Brubaker became GC & Chief Legal Officer |
| Apr 20, 2021 | Ashim Gupta became Chief Financial Officer |
| Apr 20, 2021 | Accel London V Strategic Partners L.P. became a 10% owner |
| Apr 20, 2021 | Accel London V L.P. became a 10% owner |
| Apr 20, 2021 | Accel London V Associates L.P. became a 10% owner |
| Apr 20, 2021 | Accel London V Associates L.L.C. became a 10% owner |
| Apr 20, 2021 | Accel London Investors 2016 L.P. became a 10% owner |
| Apr 20, 2021 | Accel Leaders Fund L.P. became a 10% owner |
| Apr 20, 2021 | Accel Leaders Fund Investors 2016 L.L.C. became a 10% owner |
| Apr 20, 2021 | Accel Leaders Fund Associates L.L.C. became a 10% owner |
| Apr 20, 2021 | Accel Growth Fund Investors 2016 L.L.C. became a 10% owner |
| Apr 20, 2021 | Accel Growth Fund IV Strategic Partners L.P. became a 10% owner |
| Apr 20, 2021 | Accel Growth Fund IV L.P. became a 10% owner |
| Apr 20, 2021 | Accel Growth Fund IV Associates L.L.C. became a 10% owner |
Not reported recently (7)
- Robert Enslin · Last reported as co-Chief Executive Officer in an SEC filing dated Jun 14, 2024
- Kimberly Hammonds · Last reported as a director in an SEC filing dated Jun 21, 2022
- Accel Leaders Fund Investors 2016 L.L.C. · Last reported as a 10% owner in an SEC filing dated Apr 23, 2021
- Accel Leaders Fund L.P. · Last reported as a 10% owner in an SEC filing dated Apr 23, 2021
- Accel Leaders Fund Associates L.L.C. · Last reported as a 10% owner in an SEC filing dated Apr 23, 2021
- Thomas F Mendoza · Last reported as a director in an SEC filing dated Apr 23, 2021
- ICE VULCAN HOLDING Ltd · Last reported as a 10% owner in an SEC filing dated Apr 20, 2021
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
PATH Proposed Insider Sales (Form 144)
Latest: 2026-10-22
? Form 144 Guide
Last 30d:
5 filings
· $34.7M notice value
· Last 90d:
10 filings
· $61.4M notice value
· 5 unique filers
· 100% under 10b5-1 plans
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
ICEVULCAN INVESTMENTS LIMITED (2, $54.5M) · RAGHAVENDRA MALPANI (3, $2.8M) · Ashim Gupta (2, $2.5M) · HITESH RAMANI (2, $1.2M) · BRAD C BRUBAKER (1, $369K)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-10-22 | RAGHAVENDRA MALPANI | Officer | 29,565 | $405.3K | 2026-10-22 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-10-15 | ICEVULCAN INVESTMENTS LIMITED | Director, Officer, 10% Stockholder | 2,500,000 | $32.65M | 2026-10-15 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-10-13 | BRAD C BRUBAKER | Officer | 27,404 | $369.4K | 2026-10-12 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-10-09 | RAGHAVENDRA MALPANI | Officer | 29,564 | $391.7K | 2026-10-09 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-10-02 | Ashim Gupta | Officer | 66,052 | $879.8K | 2026-10-02 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-09-16 | RAGHAVENDRA MALPANI | Officer | 138,893 | $1.98M | 2026-09-16 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-09-11 | Ashim Gupta | Officer | 117,339 | $1.63M | 2026-09-11 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-08-19 | ICEVULCAN INVESTMENTS LIMITED | Director, Officer, 10% Stockholder | 1,402,347 | $21.85M | 2026-08-19 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-08-14 | HITESH RAMANI | Officer | 50,000 | $834.0K | 2026-08-14 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-08-13 | HITESH RAMANI | Officer | 25,000 | $381.5K | 2026-08-13 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-06-04
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Accession | Link |
|---|---|---|
| 2026-05-28 | 0001734722-26-000037 | EDGAR |
| 2026-03-25 | 0001734722-26-000015 | EDGAR |
| 2026-03-11 | 0001734722-26-000007 | EDGAR |
| 2025-12-03 | 0001734722-25-000046 | EDGAR |
| 2025-09-04 | 0001734722-25-000038 | EDGAR |
| 2025-06-30 | 0001734722-25-000032 | EDGAR |
| 2025-05-29 | 0001734722-25-000026 | EDGAR |
| 2025-05-08 | 0001734722-25-000014 | EDGAR |
| 2025-03-12 | 0001734722-25-000004 | EDGAR |
| 2024-12-05 | 0001734722-24-000055 | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-06-04 | 0001734722-26-000041 | EDGAR |
| 2025-12-08 | 0001734722-25-000050 | EDGAR |
| 2025-09-08 | 0001734722-25-000043 | EDGAR |
| 2025-06-03 | 0001734722-25-000030 | EDGAR |
| 2024-12-09 | 0001734722-24-000059 | EDGAR |
| 2024-09-06 | 0001734722-24-000051 | EDGAR |
| 2024-06-03 | 0001734722-24-000039 | EDGAR |
| 2023-12-04 | 0001734722-23-000065 | EDGAR |
| 2023-09-07 | 0001734722-23-000057 | EDGAR |
| 2023-06-02 | 0001734722-23-000045 | EDGAR |
ETF Holders
134 ETFs hold PATH
25 shown · $1.10B total exposure · 0.11% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | IJH iShares Core S&P Mid-Cap ETF | iShares (BlackRock) | 0.16% | $202.7M | $122.0B | 2026-10-21 |
| 2 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.01% | $167.6M | — | 2026-09-30 |
| 3 | VB Vanguard Morningstar Small-Cap ETF | Vanguard | 0.07% | $118.0M | — | 2026-09-30 |
| 4 | VGT Vanguard Information Technology ETF | Vanguard | 0.05% | $90.7M | — | 2026-09-30 |
| 5 | VBK Vanguard Morningstar Small-Cap Growth ETF | Vanguard | 0.15% | $65.7M | — | 2026-09-30 |
| 6 | VXF Vanguard Extended Market ETF | Vanguard | 0.06% | $59.7M | — | 2026-09-30 |
| 7 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.14% | $46.7M | — | 2026-10-21 |
| 8 | MDY State Street® SPDR® S&P MIDCAP 400® ETF Trust | SPDR (State Street) | 0.16% | $42.5M | $26.0B | 2026-10-21 |
| 9 | AIQ Global X Artificial Intelligence & Technology ETF | Global X | 0.38% | $38.4M | — | 2026-10-22 |
| 10 | SPMD State Street® SPDR® Portfolio S&P 400™ Mid Cap ETF | SPDR (State Street) | 0.17% | $30.6M | $18.5B | 2026-10-21 |
| 11 | IGV iShares Expanded Tech-Software Sector ETF | iShares (BlackRock) | 0.19% | $27.5M | $14.4B | 2026-10-21 |
| 12 | IJK iShares S&P Mid-Cap 400 Growth ETF | iShares (BlackRock) | 0.25% | $25.9M | $10.3B | 2026-10-21 |
| 13 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.11% | $24.1M | — | 2026-05-31 |
| 14 | IWR iShares Russell Mid-Cap ETF | iShares (BlackRock) | 0.04% | $22.9M | $57.2B | 2026-10-21 |
| 15 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.02% | $21.2M | — | 2026-10-21 |
| 16 | FXL First Trust Technology AlphaDEX® Fund | First Trust | 0.64% | $18.0M | $2.8B | 2026-10-21 |
| 17 | JQUA JPMorgan U.S. Quality Factor ETF | JPMorgan | 0.15% | $14.3M | $9.4B | 2026-10-22 |
| 18 | SCHM Schwab U.S. Mid-Cap ETF | Nport | 0.09% | $13.6M | — | 2026-05-31 |
| 19 | FTEC Fidelity MSCI Information Technology Index ETF | Fidelity | 0.06% | $12.5M | $21.7B | 2026-10-21 |
| 20 | IWD iShares Russell 1000 Value ETF | iShares (BlackRock) | 0.01% | $12.2M | $84.8B | 2026-10-21 |
| 21 | FMDE Fidelity Enhanced Mid Cap Core ETF | Fidelity | 0.13% | $11.3M | $8.6B | 2026-10-21 |
| 22 | GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF | Nport | 2.11% | $10.7M | — | 2026-07-31 |
| 23 | ROBT First Trust Nasdaq Artificial Intelligence and Robotics ETF | First Trust | 1.17% | $8.9M | $758.5M | 2026-10-21 |
| 24 | IVOO Vanguard S&P Mid-Cap 400 ETF | Vanguard | 0.16% | $8.9M | — | 2026-09-30 |
| 25 | IWS iShares Russell Mid-Cap Value ETF | iShares (BlackRock) | 0.05% | $8.2M | $15.7B | 2026-10-21 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
—
TTM Revenue
—
TTM Net Income
—
TTM Op. Cash Flow
—
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '27 | 2026-07-31 | $410.26M | $36.09M | $0.07 | $30.70M |
| Q1 '27 | 2026-04-30 | $418.38M | $22.52M | $0.04 | $131.93M |
| Q4 '26 | 2026-01-31 | $481.11M | $104.46M | $0.19 | $182.35M |
| Q3 '26 | 2025-10-31 | $411.11M | $198.84M | $0.37 | $28.27M |
| Q2 '26 | 2025-07-31 | $361.73M | $1.58M | $0.00 | $41.59M |
| Q1 '26 | 2025-04-30 | $356.62M | $-22.55M | $-0.04 | $119.00M |
| Q4 '25 | 2025-01-31 | $423.65M | $51.79M | $0.09 | $146.08M |
| Q3 '25 | 2024-10-31 | $354.65M | $-10.65M | $-0.02 | $28.07M |
| Q2 '25 | 2024-07-31 | $316.25M | $-86.10M | $-0.15 | $46.38M |
| Q1 '25 | 2024-04-30 | $335.11M | $-28.74M | $-0.05 | $100.04M |
| Q4 '24 | 2024-01-31 | $405.25M | $33.92M | $0.06 | $145.60M |
| Q3 '24 | 2023-10-31 | $325.92M | $-31.54M | $-0.06 | $41.85M |
Q2 2027 • period ending 2026-07-31 • filed 2026-09-08
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
23.32
P/B
3.96
P/S
4.51
EV/EBITDA
32.82
EV/Sales
4.13
ROE
17.2%
ROA
11.3%
Div Yield
0.00%
FCF Yield
5.10%
Debt/Equity
0.00
Current Ratio
—
Market Cap
$7.54B
as of 2026-10-23
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
108.42M
SI % of Float
26.83%
Days to Cover
2.31
Short Vol Ratio
40.0%
Free Float
404.11M
Float %
88.5%
Short interest 2026-09-30 • Short volume 2026-10-22 • Float 2026-09-22