On May 29, UiPath fell 5.27% in pre-market trading, trading at $10.96/share, with trading volume of $13.3582 million. The sell-off was triggered by the company's first-quarter earnings miss on the bottom line.

UiPath reported adjusted earnings per share of $0.15, missing the analyst consensus estimate of $0.16 by 6.25%. However, revenue came in at $418.382 million, surpassing the expected $397.812 million. Subscription and license revenue combined accounted for 97.10% of total revenue, underscoring the continuity of the company's core business model. For the second fiscal quarter, UiPath guided revenue of $395 million to $400 million, with full-year revenue guidance of $1.776 billion to $1.781 billion, both slightly above market expectations.

Separately, Bank of America raised its price target on UiPath from $12 to $13. The stock carries an average analyst rating of hold with a mean price target of $13.53, according to FactSet polling data. UiPath provides an end-to-end automation platform offering robotic process automation solutions designed to empower enterprises through automation.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)