Security Investigation
UiPath Inc. (NYSE: PATH)
43 Days left to seek lead plaintiff status.
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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until November 6, 2023 to file lead plaintiff applications in a securities class action lawsuit against UiPath Inc. (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 March 30, 2022, the Company, a global provider of robotic process automation software, announced its financial results for the quarter and year ended January 31, 2022, disclosing disappointing earned revenues results as well as guidance for ARR (annualized renewal run-rate, an important indicator of the Company’s success) and revenue that were substantially below consensus analysts’ expectations, indicating that the declining growth trends adversely impacting the Company were expected to continue.
On this news, shares of UiPath fell $7.45, or more than 25%, to close at $21.59 per share on March 31, 2022.
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 Gera v. UiPath, Inc., et al., No. 23-cv-7908.