NEW YORK--(BUSINESS WIRE)--UiPath (NYSE: PATH), a leading enterprise automation software company, today announced the appointment of Rob Enslin, UiPath Co-Chief Executive Officer, and June Yang to its Board of Directors effective February 1, 2024. Enslin joined UiPath as Co-CEO in April 2022 following leadership roles at Google Cloud and SAP; he will assume the role of UiPath CEO on Feb. 1, 2024. Yang is a proven strategic and transformational executive who brings decades of experience in corporate manageme ...

Every day for the next three weeks, we're going to highlight one of Schaeffer's top 12 picks for 2024. For today, we have software robotics stock UiPath Inc (NYSE:PATH). To access the entirety of the 2024 report, click here.If you are looking for a potential " turnaround play" for your portfolio in 2024, software name UiPath (PATH) looks like a good pick. In December, the shares broke out above a two-year basing range between $11 and $21, while also enjoying a post-earnings bull gap after their Nov. 30 repo ...

Shutthiphong ChandaengWhat do bots say about Path’s consistent growth? As many have observed, the last two years in the market have been a period in which stocks fell consistently for months, and then rose quite sharply, albeit not in a straight line. Depending on what ETF a reader might look at, the change over 2 years has been small, with the QQQ and the IGV ETFs up about 10% due to the weighting of the magnificent seven, while the Wisdom Tree Cloud ETF (WCLD) is still down more than 30% from its leve ...

Shares of robotic process automation software platform UiPath (PATH 0.18%) rallied 25.7% in December, according to data from S&P Global Market Intelligence.The automation software company reported a stronger-than-expected result for its fiscal third quarter on Nov. 30, propelling the company to strong December gains. While some have questioned whether artificial intelligence (AI) would help or hurt UiPath, it appears that, at least as of today, UiPath is reaping benefits.Solid ARR growth defies expectations ...

Cathie Wood is well-known for investing in “Disruptive Innovation” through her ARK Invest family of exchange-traded funds (ETFs) that manage roughly $14 billion worth of assets. The term Disruptive Innovation means “any situation in which an industry is shaken up and previously successful incumbents stumble,” and the term’s origin can be found in a 1995 Harvard Business Review article.Wood’s recipe of success has been investments in large-cap as well as small-cap companies primarily offering disruptive tech ...

David GyungUiPath (NYSE:PATH) had a fantastic change in fortunes in 2023 after some people began losing faith in the company in 2022 amid slowing revenue growth and analysts' downgrades. Still, even after its 96.6% rise from the beginning of 2023 to December 28, 2023, the stock was down 70% from its all-time high of $85.12 on May 24, 2021. Data by YChartsSo, you might want to know whether the company is a buy headed into 2024. This article will explain what services UiPath provides to the marketplace, l ...

Most investors understand that artificial intelligence (AI) stocks will play a vital role in the market over the next few years. However, many aren't in tune with which ones are slated to provide strong returns. By tracking funds focusing on this technology, investors can gain insight into a few possible winners.Cathie Wood's Ark Invest is one of the most popular funds to track. Its portfolio is full of fantastic ideas, but my personal favorite is its second-largest holding: UiPath (PATH). I've bought multi ...

Cathie Wood is a big believer in the potential for artificial intelligence (AI) to completely disrupt the way businesses operate. That's why some of the biggest holdings in her Ark Invest funds are focused on AI and various enterprise applications for the technology.Her and her team's favorite artificial intelligence stock of late is UiPath (PATH 0.63%). The stock shows up in all six of Ark Invest's active exchange-traded funds (ETFs). However, after a strong run in the stock price, the funds are cutting do ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________________________ FORM 10-Q ___________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 001-40348 _____________ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________________________ FORM 10-Q ___________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 001-40348 UiPath, Inc. (Ex ...