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
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 ...