Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of UiPath, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements about its turnaround strategy during the specified class period [1]. Group 1: Allegations and Class Period - The class period for the allegations is from December 1, 2023, to May 29, 2024 [1]. - The complaint claims that defendants misrepresented the success of UiPath's turnaround strategy, stating that the company was effectively executing the strategy and seeing positive results in deal and customer quality [1]. - Specific statements from defendants included claims of better execution and strategic investments leading to continued momentum [1]. Group 2: Next Steps for Shareholders - Shareholders who purchased shares during the class period are encouraged to register for the class action by August 19, 2024 [2]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates on the case [2]. - There is no cost or obligation for shareholders to participate in the case [2]. Group 3: About the Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].

Group 1 - The Gross Law Firm has issued a notice to shareholders of UiPath, Inc. regarding a class action lawsuit related to misleading statements about the company's turnaround strategy [1][2] - The class period for the lawsuit is from December 1, 2023, to May 29, 2024, during which the defendants allegedly made materially false statements about the success of UiPath's strategy [2] - Allegations include claims that the company was successfully executing its turnaround strategy and seeing positive results in deal and customer quality, which may not have been accurate [2] Group 2 - Shareholders are encouraged to register for the class action by August 19, 2024, to potentially become lead plaintiffs and receive updates on the case [3] - The Gross Law Firm aims to protect investors' rights and seeks recovery for losses incurred due to misleading statements that inflated the company's stock price [4]

NEW YORK, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP reminds shareholders that only 7 days remain to move for lead plaintiff in a securities class action lawsuit alleging claims on behalf of investors (the "Class") who purchased or acquired the securities of UiPath, Inc. ("UiPath" or the "Company") (NYSE: PATH) between December 1, 2023 and May 29, 2024, inclusive (the "Class Period"). If you wish to serve as lead plaintiff for the Class, you must file papers by August 19, 2024. A lead plaintif ...

PHILADELPHIA, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Berger Montague PC announces that a class action lawsuit was filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired UiPath, Inc. ("UiPath" or the "Company") (NYSE: PATH) securities. If you suffered losses as a result of your investment in UiPath (NYSE: PATH) and would like to learn about a potential recovery, CLICK HERE. The lawsuit has been filed against UiPath on behalf of purchasers of UiPath securities betwee ...

NEW YORK,, Aug. 12, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of UiPath, Inc. (NYSE: PATH). Shareholders who purchased shares of PATH during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/uipath-loss-submission-form-2/?id=94751&from=4 CLASS PERIOD: December 1, 2023 to May 29, 2 ...

SAN DIEGO, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of UiPath, Inc. (NYSE: PATH) securities between December 1, 2023 and the close of trading on May 29, 2024, inclusive (the "Class Period"), have until Monday, August 19, 2024 to seek appointment as lead plaintiff of the UiPath class action lawsuit. Captioned Steiner v. UiPath, Inc., No. 24-cv04702 (S.D.N.Y.), the UiPath class action lawsuit charges UiPath and certain of UiPath's top current an ...

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against UiPath Inc. due to allegations of violations of federal securities laws, particularly related to misleading statements about the company's turnaround strategy and subsequent financial performance [2][4]. Group 1: Legal Investigation and Class Action - Faruqi & Faruqi is encouraging investors who suffered losses exceeding $100,000 in UiPath between December 1, 2023, and May 29, 2024, to discuss their legal rights [1]. - There is an August 19, 2024, deadline for investors to seek the role of lead plaintiff in a federal securities class action against UiPath [2]. - The firm has a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [3]. Group 2: Financial Performance and Executive Changes - On May 29, 2024, UiPath announced the departure of CEO Robert Enslin and reported disappointing first-quarter financial results, significantly cutting its fiscal year 2025 revenue guidance by 10%, or $150 million [5]. - The company attributed its poor performance to a failed turnaround strategy, inadequate execution strategy for AI products, and challenges in contract execution on large deals [5]. - Following these announcements, UiPath's stock price fell by $6.23 per share, a decline of over 34%, from $18.30 to $12.07 [5]. Group 3: Allegations of Misleading Statements - The complaint against UiPath alleges that the company and its executives made false and misleading statements regarding the success of its turnaround strategy, claiming improved execution and customer quality [4]. - Specific statements included assertions about the effectiveness of strategic investments and the company's position for continued momentum, which are now under scrutiny [4]. Group 4: Call for Information - Faruqi & Faruqi is also seeking information from whistleblowers, former employees, and shareholders regarding UiPath's conduct [7].

Company Performance - UiPath's stock closed at $10.75, reflecting a -1.29% change from the previous session, underperforming the S&P 500's loss of 0.77% [1] - Over the past month, UiPath shares have depreciated by 8.72%, compared to the Business Services sector's loss of 4.16% and the S&P 500's loss of 5.85% [2] Earnings Forecast - The upcoming earnings release is expected to show an EPS of $0.03, indicating a 66.67% decline from the same quarter last year, with a revenue estimate of $302.92 million, representing a 5.43% increase year-over-year [3] - For the entire fiscal year, earnings are projected at $0.38 per share and revenue at $1.41 billion, reflecting changes of -29.63% and +7.6% respectively from the prior year [4] Analyst Estimates and Valuation - Recent adjustments to analyst estimates for UiPath are crucial, as positive revisions are seen as a good sign for the company's outlook [4] - UiPath has a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining steady over the past month [6] - The company's Forward P/E ratio is 28.94, which is a premium compared to the industry's average Forward P/E of 21.57, and a PEG ratio of 1.29, compared to the Technology Services industry's average PEG ratio of 1.45 [7] Industry Context - The Technology Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 100, placing it in the top 40% of over 250 industries [8]

Core Viewpoint - The Gross Law Firm is notifying shareholders of UiPath, Inc. regarding a class action lawsuit related to misleading statements about the company's turnaround strategy [1][2]. Group 1: Class Action Details - The class period for the lawsuit is from December 1, 2023, to May 29, 2024 [2]. - Allegations include that defendants made materially false and misleading statements about the success of UiPath's turnaround strategy, claiming positive results in deal and customer quality, as well as better execution since the strategy's implementation [2]. - The deadline for shareholders to register for the class action is August 19, 2024, and there is no cost or obligation to participate [3]. Group 2: Law Firm's Mission - The Gross Law Firm aims to protect the rights of investors who have suffered due to deceit, fraud, and illegal business practices, ensuring companies adhere to responsible business practices [4]. - The firm seeks recovery for investors who incurred losses due to false or misleading statements that led to artificial inflation of the company's stock [4].

LOS ANGELES, Aug. 6, 2024 /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against UiPath Inc. ("UiPath" or the "Company") (NYSE: PATH). Class Period: December 1, 2023 – May 29, 2024 Lead Plaintiff Deadline: August 19, 2024 If you are a shareholder who suffered a loss, click here to participate. The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to inv ...