UiPath Inc is a leading provider of artificial intelligence-powered robotic process automation (RPA) software that enables organizations to automate repetitive and mundane tasks, thereby increasing efficiency and productivity
By offering an intuitive platform that integrates with existing systems, UiPath empowers businesses to streamline their operations, reduce human error, and free up employees to focus on higher-value work. The company's solutions cater to various industries and help clients achieve digital transformation by automating workflow processes, data management, and customer interactions, ultimately driving better outcomes and enhancing operational agility.
Automation software company UiPath (NYSEPATH) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 4.5% year on year to $423.6 million. On the other hand, next quarter’s revenue guidance of $332.5 million was less impressive, coming in 10% below analysts’ estimates. Its non-GAAP profit of $0.26 per share was 34.1% above analysts’ consensus estimates.
On Monday, February 10, 2025, the Cathie Wood-led Ark Invest sold nearly $16 million worth of Palantir shares amid a spike in the share price of the company.
Ark Invest made significant trades involving Tempus AI, CRISPR Therapeutics, UiPath, Roblox, Reddit, Accolade, and Ibotta. ARKG and ARKK funds bought shares, while ARKW and ARKF funds sold shares.
UiPath has followed the market’s trajectory closely, rising in tandem with the S&P 500 over the past six months. The stock has climbed by 9.4% to $14.03 per share while the index has gained 7.3%.
