The robotic process automation software industry is expanding. UiPath is a market leader in its industry.
Cathie Wood's ARK Investment Management has upped its stake in its favorite artificial intelligence play, UiPath, as shares in the software developer plummeted to their lowest point on record.
An abrupt leadership change is causing disruption at the automation technology company.
LOS ANGELES, CA / ACCESSWIRE / May 30, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of UiPath Inc. ("UiPath" or "the Company") (NYSE:PATH) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
UiPath (NYSE: PATH ) stock is in the news Thursday after the company's shares got hit with a price target cut from Mizuho analyst Siti Panigrahi. The Mizuho analyst reduced the firm's price target for PATH stock from $25 per share to $14 per share.
UiPath lowered its full-year guidance because its growth is slowing due to "increased deal scrutiny." Founder and CEO Daniel Dines is taking over again after an abrupt departure from its current CEO.
UiPath Inc (NYSE: PATH) is down about 30% on Thursday after Rob Enslin resigned as its chief executive – effective June 1st.
UiPath Inc. shares were on track for their worst daily drop on record after the automation-software company's latest earnings marked a twist on the industry's well-established doldrums.
UiPath (NYSE: PATH ) stock is falling on Thursday after the end-to-end automation company announced a change in CEOs during its latest earnings report. UiPath says that Rob Enslin is stepping down as the CEO and a Board member of the company.
Shares of the automation-software company tumbled after it cut its forecast for revenue and said the CEO is stepping down.
Shares of UiPath (PATH) lost nearly a third of their value in Thursday's premarket session after the automation software company announced an unexpected CEO shakeup and provided current-quarter sales guidance that came in significantly below Wall Street estimates.
PATH stock is now the cheapest it has ever been.