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Story summary
- UiPath's stock rose 7.70% in pre-market trading on October 9, 2023, reaching $16.79 after a 5.13% increase the previous day.
- The company is shifting from traditional automation to AI-powered "agentic" automation, collaborating with OpenAI, Microsoft, Google, and Nvidia.
- CEO Daniel Dines sold 736,399 shares from October 1-8, 2023, under a pre-arranged trading plan.
- Despite a 22.58% year-to-date increase and an $8.27 billion market cap, analysts have a cautious consensus price target of $13.44.
- Retail traders remain optimistic, highlighting a divide between investor sentiment and analyst skepticism.
