PATH STOCK NEWS: BFA Law Alerts UiPath, Inc. (NYSE:PATH) Shareholders it has Sued the Company for Securities Fraud; Contact Us if you Lost Money on Your Investment
UiPath(PATH) GlobeNewswire News Room·2024-07-20 18:04
These statements were allegedly materially false and misleading. In truth, UiPath's turnaround strategy had failed. Fruitless investments and inconsistent execution plagued the Company's overhauled go-to-market strategy. Additionally, UiPath's AI-powered Business Automation Platform caused "confusion" among customers and was not able to be adequately scaled. As a result, UiPath experienced significant difficulties closing and/or expanding large multiyear deals. This news caused the price of UiPath stock to ...