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PATH investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky ...

UiPath traded at nearly $80 per share soon after a 2021 public offering at $56 per share. When I wrote about the company in 2022, I warned that it needed to become profitable and continue growing its top line to be worthy of investment. While UiPath has grown revenue by over 20% per year since then, it has continued to lose money. For the quarter ending in April, the first of its 2025 fiscal year, UIPath lost $28.7 million, 5 cents per share, on revenue of $335 million. PATH Stock and UiPath Layoffs: What H ...

UiPath, a provider of artificial intelligence (AI)-powered enterprise automation technology, said Tuesday (July 9) that it will lay off 10% of its global workforce as part of a restructuring aimed at managing its operating expenses. "This workforce reduction is aimed at further driving operational efficiency and customer centricity," the company said in the filing. "These changes reflect efforts to reshape the organization by streamlining the company's structure, particularly in operational and corporate fu ...

Daniel Dines, Co-founder & CEO at UiPath addresses the audience during the third day of the Web Summit 2021 at Parque das Nacoes in Lisbon. UiPath, a developer of automation software, is cutting 10% of its workforce, or about 420 jobs, as part of a broader restructuring, the company said in filing with the SEC on Tuesday. Most of the layoffs will be implemented by the end of the first quarter of fiscal 2026, the company said. That quarter ends next April. UiPath shares dropped about 7% on Tuesday and have n ...

It's possible. But it's also possible that Dines is returning as CEO merely to get the company he helped found back on track for the long haul. Investors might not have clarity until August, when it's expected that UiPath will report financial results for its fiscal second quarter. Management just made a decision that could imply softer-than-expected growth for the software company. Shares of software company UiPath (PATH -6.64%) sank on Tuesday after the company announced a round of layoffs. As of 10:45 a. ...

About Oliver Haill About this content Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup New ...

UiPath Inc. NYSE: PATH is the leader in robotic process automation (RPA) and business process automation (BPA). The company has been involved with artificial intelligence (AI) for years, using it to help customers task mine and automate manual software processes. However, UiPath saw its stock plunge 34% immediately following its fiscal Q1 2025 earnings, leaving investors in shock over the company's future. Get UiPath alerts: UiPath: A Value Play Based on Cash Alone The company is bolstering its generative A ...

SO WHAT: If you purchased UiPath securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements concerning the success of UiPath's turnaround strategy, which had been designed to accelerate growth. For instance, defendants represented that UiPath was "executing against that stra ...

The Allegations: Robbins LLP is Investigating Allegations that UiPath, Inc. (PATH) Misled Investors Regarding it Business Prospects For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The complaint alleges that on May 29, 2024, UiPath announced the sudden departure of defendant Enslin as CEO and the reappointment of defendant Dines as CEO. On the same day, UiPath announced disappointing 1Q 25 financial results and significantly cut its FY 25 revenue gui ...