UiPath, Inc. (NYSE: PATH)

This lawsuit is for anyone who acquired securities in UiPath, Inc. (NYSE: PATH) from December 1, 2023 through May 29, 2024.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by failing to timely inform investors that changes that the Company made to lower compensation for its sales people to make large multiyear deals resulted in the Company selling less large multiyear deals.

On May 30, 2024, UiPath released its quarterly financial results, disclosing that the Company was experiencing “contract execution challenges on large deals and certain sales compensation changes” which it is “working to rectify.” The Company stated that it had “incentivized a little bit less the multiyear deals, which . . . was an execution issue.” The Company also announced that CEO Rob Enslin is resigning from his position effective June 1, 2024, and will be replaced by former CEO Daniel Dines. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in UiPath, Inc. (NYSE: PATH) from December 1, 2023 through May 29, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.