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What Happened? Shares of automation software company UiPath NYSE:PATH fell 2.9% in the afternoon session after BMO Capital lowered its price target on the stock, compounding the macroeconomic pressure of soaring Treasury yields.As reported by StreetInsider, BMO Capital analyst Keith Bachman reduced…
UiPath reported second-quarter ARR up 12% to $1.938 billion and revenue up 13% to $410 million, with a fourth consecutive quarter of GAAP profitability and non-GAAP operating margin expanding to 22%.