Why UiPath Inc. (PATH) Crashed On Monday

We recently published a list of These 10 Stocks Already Sank in June. In this article, we are going to take a look at where UiPath Inc. (NYSE:PATH) stands against other worst performers on Monday.

UiPath saw its share prices drop by 6.16 percent on Monday to end at $12.49 each as investor sentiment was dampened by its chief executive officer’s unloading of stake in the company.

In a regulatory filing on Monday, UiPath Inc. (NYSE:PATH) Chairman and Chief Executive Officer Dines Daniel sold 45,000 shares of the company at a price of $13.3063 for more than $598,000.

Following the transaction, Daniel’s indirect ownership in UiPath Inc. (NYSE:PATH) remains at 6.4 million through Ice Vulcan Holding Ltd., where he holds sole voting and investment power, as well as 24.9 million direct shares and additional 240,000 shares owned by his spouse.

According to UiPath Inc. (NYSE:PATH), the transactions were conducted under a pre-established trading plan.

In the first quarter of fiscal year 2025, UiPath Inc. (NYSE:PATH) narrowed its net loss by 21.6 percent to $22.5 million from $28.7 million in the same period last year.

Revenues increased by 6 percent to $356.6 million from $335 million year-on-year.

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Disclosure: None. This article is originally published at Insider Monkey.