, consisting of 58 publicly traded cloud software vendors, has dropped 6.7% this year, while the Dow Jones Industrial Average has climbed 11%, as of Tuesday's close.
One of UiPath's greatest strengths is its ability to keep customers and encourage them to increase spending over time. In its last fiscal year, UiPath reported net revenue retention of 145%, meaning the average existing customer increased spending by 45% from the prior year.. was founded in 2005 in Romania by Daniel Dines, a former Microsoft engineer. Dines moved UiPath to the U.S. about a decade later and established a headquarters in New York.
The stock is trading on the New York Stock Exchange under ticker symbol "PATH." Dines controls 88% of voting shares and is the largest stakeholder, with over 110 million shares valued at $6.2 billion, based on the IPO price and including some shares sold in the offering.
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