UiPath Inc. shares remained close to the $10 mark in premarket trading Wednesday, as the automation software company prepares for its annual meeting on Thursday. The stock slipped 0.3% to $10.13 as of 9:04 a.m. EDT, following an unchanged close at $10.16 on Tuesday.
The stock has experienced a significant decline this year, falling 38% year-to-date and 18.5% over the past 12 months. Trading volume reached 50.8 million shares, exceeding the 65-day average of 33.8 million, indicating heightened investor attention.
UiPath's annual meeting is scheduled for June 25 at 11:00 a.m. EDT, according to the company's investor relations calendar. Investors are closely watching for updates on the company's artificial intelligence strategy, particularly whether new AI-driven products can accelerate annual recurring revenue (ARR) growth.
In the first quarter of fiscal 2027, UiPath reported revenue of $418 million, a 17% increase year-over-year. ARR stood at $1.901 billion as of April 30, up 12% from the prior year. Chief Executive Officer Daniel Dines noted that agentic products are "moving from pilot to production" as customers increasingly deploy AI agents for various business processes.
Chief Operating and Financial Officer Ashim Gupta highlighted that UiPath achieved GAAP profitability in the first quarter for the first time. The company has raised its full-year fiscal 2027 revenue guidance to between $1.776 billion and $1.781 billion, with ARR expected to reach $2.058 billion to $2.063 billion.
Gupta, responding to TD Cowen analyst Bryan Bergin during the May 28 earnings call, stated that demand has "stayed relatively stable." He noted that more customer pilots are converting into full deployments, and vertical products in healthcare and financial services are beginning to gain traction.
On June 16, UiPath launched Maestro Case, a new case-management tool designed to handle complex business workflows that require exceptions, approvals, and human oversight. "Exceptions are the norm," said Raghu Malpani, UiPath's chief technology and product officer. The company reports that some clients using Maestro Case have reduced case handling times by 60% to 80%. One financial services firm expects over $12 million in annual savings from using the tool for dispute resolution and know-your-customer tasks.
UiPath faces competition from larger enterprise software vendors that aim to retain workflow budgets within their ecosystems. Microsoft's Copilot Studio enables companies to build AI agents using natural language, while ServiceNow's AI Agent Studio offers built-in agents and custom creation capabilities.
Wall Street remains cautious on UiPath. According to FactSet data, the stock carries a Hold rating with a median price target of $13, compared to its Tuesday close of $10.16. Analysts warn that AI projects could remain stuck in pilot phases or be absorbed by larger vendors' platforms. UiPath has also cited a challenging macroeconomic environment and foreign-exchange headwinds that could pressure reported revenue and ARR in its second-quarter and full-year guidance.
For the second quarter of fiscal 2027, UiPath expects revenue between $395 million and $400 million, with ARR projected to land between $1.929 billion and $1.934 billion as of July 31.
