New York, July 8, 2026, 14:03 EDT
- UiPath, Inc. NYSE:PATH slipped 1.7% to $11.45 on the NYSE during regular hours from 9:30 a.m. to 4 p.m. ET. It was a normal trading day.
- UiPath, Inc. posted fiscal Q1 revenue of $418 million, up 17%. ARR improved 12% to $1.901 billion. GAAP operating income for the quarter was $28 million. The numbers came in stronger than the share price performance.
- Wall Street hasn’t shifted much. Out of the ratings tracked by MarketBeat, 14 are Hold, two are Buy and one is Sell, with the average price target at $13.80.
UiPath, Inc. NYSE:PATH lagged big tech Wednesday afternoon in New York, dropping 1.7% to $11.45. SPDR S&P 500 ETF Trust NYSEARCA:SPY slipped 0.4%. Invesco QQQ Trust Series 1 NASDAQ:QQQ traded almost unchanged. Reuters said Wall Street was under pressure as traders pulled back on risk and oil prices climbed, but UiPath slid harder than the index funds.
| Instrument | Latest available price | Day move | Tape read |
|---|---|---|---|
| UiPath, Inc. NYSE:PATH | $11.45 | -1.7% | Lagged tech sector |
| SPDR S&P 500 ETF Trust NYSEARCA:SPY | $744.35 | -0.4% | S&P 500 ETF weaker |
| Invesco QQQ Trust Series 1 NASDAQ:QQQ | $708.96 | -0.1% | Big tech held up |
| ServiceNow, Inc. NYSE:NOW | $107.00 | -3.4% | Workflow names under pressure |
| Microsoft Corporation NASDAQ:MSFT | $383.51 | -1.4% | MSFT weaker in AI group |
No new company news came out to drive the stock. The latest item on UiPath’s newsroom was the June 16 Maestro Case update, with a June 4 customer release next. The investor-relations page listed no events on the calendar. So the shares traded on software risk, positioning and the previous earnings report.
The buyback numbers tell the story. UiPath reported in its 10-Q that it picked up 20.4 million Class A shares last quarter at $11.47 on average. Then it bought another 2.4 million shares at $9.63 between May 1 and May 15. With shares at $11.45, the market is keeping the stock just under where UiPath bought in Q1.
Buyers have some protection from the balance sheet, but this isn’t a typical growth story. Cash, equivalents and marketable securities totaled $1.42 billion as of April 30. The company’s current market cap is around $6.05 billion, so about 23% of value is in cash and securities before factoring in the automation platform.
| UiPath operating marker | Latest confirmed figure | Market read |
|---|---|---|
| Fiscal Q1 revenue | $418 million, +17% year over year | Demand still holding up |
| ARR | $1.901 billion, +12% | Recurring revenue up again |
| Net new ARR | $49 million | Pace is soft, needs to pick back up |
| Dollar-based net retention | 109% | More sales from existing base |
| GAAP operating income | $28 million | Delivering real profits now |
| Fiscal Q2 revenue guide | $395 million-$400 million | Q2 bar set low |
| Fiscal 2027 revenue guide | $1.776 billion-$1.781 billion | Guides to low double-digit growth from 2026 |
Founder and CEO Daniel Dines called Q1 a “strong start,” while CFO Ashim Gupta talked up “first quarter GAAP profitability.” For a company long focused on automation growth over GAAP profit, those are the points to hit. But the stock action shows investors aren’t worried about UiPath’s survival. They’re watching the ARR pace, and whether AI agents can drive faster growth instead of just keeping current customers. UiPath, Inc.
The June product launch from UiPath matters, even if it’s not a big single-day move for the stock. The company rolled out Maestro Case as part of its Maestro suite, with product chief Raghu Malpani calling exceptions “the norm.” In the market, UiPath wants to go beyond basic bot automation and get into the tougher enterprise workflow jobs, where people, bots, and AI systems all have to work together. UiPath, Inc.
Wall Street hasn’t jumped in yet. According to MarketBeat, 17 analysts have a consensus Hold, with 14 Holds, two Buys, and one Sell. Price targets keep slipping. UBS’s Radi Sultan dropped his to $12 from $13 on June 29. BMO’s Keith Bachman went to $13 from $14 on June 1. DA Davidson’s Lucky Schreiner also cut to $12 from $13 on May 29.
Short interest adds risk here, despite what ratings alone might say. MarketWatch put short interest at 126.25 million shares as of June 15, or 32.28% of float. That’s a lot. If ARR guidance disappoints, shorts have room to hit the stock. If the next update tops the $1.929 billion-$1.934 billion July ARR target, that short interest could cover fast.
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