NEW YORK, July 1, 2026, 14:05 (EDT)
- UiPath climbed roughly 8% by early afternoon in New York, easily outpacing the main software ETF.
- Short interest made up over 32% of the float as of the last report.
- Volume over the last three sessions is already around 42% of the public float.
- UBS set a new $12 target, not far from where shares finished Wednesday.
UiPath Inc NYSE:PATH jumped 8.2% to $11.77 as of 2:05 p.m. EDT Wednesday. Trading volume hit 49.72 million shares, about 135% of the stock’s 65-day average. Short interest was at 126.25 million shares as of June 15, or 32.23% of float, according to the quote page. Shares were still off 28.22% for the year.
There was no new earnings report driving the move. UiPath’s most recent filing in the last 48 hours was a June 29 8-K for its annual meeting. Shareholders backed the board, approved pay and auditor votes. 93.78% of voting power took part. No other items came up at the meeting.
Trading drove the headlines. Historical data from Yahoo Finance showed 64.72 million shares changed hands on June 30, and 50.64 million on June 29. By 2:05 p.m. Wednesday, session volume brought the total for all three days to around 165.1 million shares, about 42% of the 391.72 million public float MarketWatch lists.
| Flow item | Latest data |
|---|---|
| Price at 2:05 p.m. EDT | $11.77 |
| Intraday change | up 8.23% |
| Wednesday volume | 49.72 million shares |
| 65-day average volume | 36.92 million shares |
| Short interest, June 15 | 126.25 million shares |
| Short interest as % of float | 32.23% |
| Three-session reported volume | 165.1 million shares |
| Three-session volume / public float | about 42% |
This matters since a short float near one-third can amplify a stock move when volume picks up, compared to a sector rally. It doesn’t show short covering. But it does mean traders need to watch volume as a key signal instead of ignoring it.
UiPath’s move outpaced other software names. The iShares Expanded Tech-Software Sector ETF (BATS:IGV) added 3.9% in the same stretch. The Invesco QQQ Trust NASDAQ:QQQ dropped 1.2%. Barron’s said software shares climbed after Guggenheim told clients to take another look at the sector, arguing AI worries have knocked down prices.
| Instrument | Ticker | Latest quoted price | Intraday move |
|---|---|---|---|
| UiPath Inc | NYSE:PATH | $11.74-$11.77 | up 8.0% to 8.2% |
| iShares Expanded Tech-Software Sector ETF | BATS:IGV | $94.17 | added 3.9% |
| Invesco QQQ Trust | NASDAQ:QQQ | $727.69 | down 1.2% |
Sell-side coverage is thin right now. Benzinga’s analyst page listed UBS, BMO Capital, and DA Davidson as the most recent shops to weigh in on UiPath, with those three averaging a $12.33 price target. UBS dropped the lowest number, setting its target at $12 back on June 29. Shares were trading at $11.77, less than 2% under UBS’s call.
UiPath showed more cash coming in to help offset concerns. The company said first-quarter revenue climbed 17% to $418 million, with annual recurring revenue up 12% to $1.901 billion. Operating cash flow hit $132 million and adjusted free cash flow came in at $130 million. CEO Daniel Dines said agentic products are “moving from pilot to production.” Operating and finance chief Ashim Gupta said results topped guidance “across all key financial metrics.” UiPath, Inc.
Buybacks aren’t front and center here. UiPath repurchased 20.4 million shares in the April quarter at an average $11.47, then took out another 2.4 million from May 1 to May 15 at $9.63. Stock-based comp dropped to $53.3 million from $76.4 million a year ago. The company is spending cash to take out dilution around where shares trade now.
Guidance is up next. UiPath is looking for second-quarter revenue between $395 million and $400 million, and sees ARR at $1.929 billion to $1.934 billion by July 31. For fiscal 2027, the company projects revenue of $1.776 billion to $1.781 billion, with ARR in a range of $2.058 billion to $2.063 billion.
The New York Stock Exchange will observe Independence Day on Friday, July 3, in 2026, marking the day as a market holiday.
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