A number of stocks fell in the afternoon session after the Trump administration announced intentions to impose a 35% tariff on many goods imported from Canada.
Shares of automation software company UiPath (NYSE:PATH)
fell 3.2% in the afternoon session after a regulatory filing revealed that CEO Daniel Dines sold a significant number of shares. According to a document filed with the SEC, CEO Daniel Dines sold 45,000 shares on July 9th for a total value of approximately $592,650. This sale follows a pattern of recent selling by the chief executive. Insider selling, particularly by high-level executives, can sometimes unnerve investors as it may suggest a lack of confidence in the company's near-term prospects, prompting some to sell their own holdings.
Also, the software space broadly underperformed the market during the day, and that could be contributing to the weakness.
Microsoft stock upgraded by Oppenheimer with $600 forecast due to strong Azure growth & innovative AI solutions. Potential AI revenue of $45B by 2026 & $276B by 2030.
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Earnings results often indicate what direction a company will take in the months ahead. With Q1 behind us, let’s have a look at Pegasystems (NASDAQ:PEGA) and its peers.
Shares of automation software company UiPath (NYSE:PATH)
jumped 6.8% in the morning session after the company reported a "beat and raise" quarter. First quarter 2025 (fiscal 2026) results exceeded Wall Street's revenue and adjusted operating income expectations.
Automation software company UiPath (NYSE:PATH) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 6.4% year on year to $356.6 million. On top of that, next quarter’s revenue guidance ($347.5 million at the midpoint) was surprisingly good and 5% above what analysts were expecting. Its non-GAAP profit of $0.11 per share was in line with analysts’ consensus estimates.
UiPath Inc (NYSE:PATH) shares are trading higher in Thursday's after-hours session after the company reported better-than-expected results for the first quarter and raised its full-year outlook.
