Security Investigation

UiPath, Inc. (NYSE: PATH)

32 Days left to seek lead plaintiff status.

Company Name:UiPath, Inc.
Stock Symbol:NYSE: PATH
Court:Southern District of New York
Class Period Start:12/01/2023
Class Period End (inclusive):05/29/2024
Filing Deadline:08/19/2024

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(877) 515-1850

Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 19, 2024 to file lead plaintiff applications in a securities class action lawsuit against UiPath, Inc. (the “Company”) (NYSE: PATH).

UiPath and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. 

On May 29, 2024, despite previously touting the apparent success of the execution of its turnaround strategy, the Company disclosed disappointing 1Q25 financial results and significantly cut its FY 25 revenue guidance by 10%, or $150 million, to a range of $1.405 billion to $1.410 billion, due to several factors, including “contract execution challenges on large deals,” an inadequate “execution strategy to scale” the Company’s AI-powered growth products “to reach their full potential,” and that “investments we have made to reaccelerate growth have fallen short of our expectations, [and] made us less agile in responding to customer needs.”

On this news, the price of UiPath’s shares fell by $6.23 per share, or more than 34%, from $18.30 per share on May 29, 2024, to $12.07 per share on May 30, 2024.

If you purchased shares of UiPath and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or fill out the form on this page.

The case is Zack Steiner v. UiPath, Inc., No. 1:24-cv-4702.

Click here to read the first filed complaint.