UiPath, Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
The lawsuit alleges that the defendants engaged in deceptive practices by making false or misleading statements and failing to disclose several key facts, including:
- UiPath’s implementation of a widespread discounting program before its initial public offering (IPO), temporarily inflating its revenue and annualized recurring revenue (ARR) figures. This strategy, however, had the adverse effects of undermining future sales, diminishing UiPath’s profit margins, and elevating the risk of customer attrition.
- The actual total addressable market for UiPath’s products was not as extensive as the defendants had portrayed. This was because many companies included in UiPath’s market analysis did not require the high-cost, high-functionality automation solutions that UiPath offered.
- UiPath was losing customers to well-established enterprise software vendors like Microsoft, ServiceNow, SAP, Salesforce, and IBM, as these companies were integrating automation into their platforms, competing with UiPath.
- UiPath was also losing customers due to the increased availability of lower-cost, low-code automation software provided by vendors like Microsoft’s Power Automate, which could address most customer use cases at a significantly lower price compared to UiPath’s offerings.
- UiPath was experiencing a decline in channel sales due to strained relationships with its partners, caused by intensified competition between UiPath and these partner companies.
The lawsuit contends that when these undisclosed details became public, investors suffered financial losses.
