PATH - Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against UiPath Inc. (PATH) | Benzinga
LOS ANGELES, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming November 6, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired UiPath Inc. ("UiPath" or the "Company") (NYSE:PATH) common stock between April 21, 2021 and March 30, 2022, inclusive (the "Class Period").
If you suffered a loss on your UiPath investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/uipath-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.
On September 7, 2021, UiPath released its second quarter 2022 financial results, revealing a slowdown in the Company's revenues and reported annualized renewal run-rate ("ARR"). The Company also revealed that its financial results provided to investors in connection with the Company's Initial Public Offering had been boosted by previously undisclosed discounting, and that UiPath was shifting away from discounted multi-year contracts and moving to a "ramping" contact model. On this news, UiPath's stock price fell $8.06, or 12.9%, to close at $54.40 per share on September 9, ...
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