Yes, iShares Expanded Tech-Software Sector ETF (IGV) holds PATH with 0.20% (as of 2026-11-06).

UiPath Inc. (PATH) is held by IGV (0.20%).

What AI bubble is PATH in?

UiPath Inc. (PATH) is mapped to the Enterprise SaaS AI bubble on QuantAbundance. Classifier 2026-05-07: primary tier, corr 0.90 to ai-software centroid (29 obs, 2nd: hyperscalers 0.594). is_primary_bubble=FALSE.

What sector is PATH in?

UiPath Inc. is classified under GICS Information Technology (Systems Software).

What is PATH's last close price?

PATH last closed at $13.00 on 2026-11-06.

PATH

NYSENext earningsDec 3AnalystsHold16+18%

UiPath Inc. stock

Information Technology · Systems Software

$13.00last close

-8.1%~252d

Price

-8.06% over 1Y

4 auto-fib

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Thesis

as of 2026-11-08

Structural read: UiPath is the standalone RPA incumbent attempting to re-platform onto agentic AI before deterministic bot demand decays. ARR ~$1.7B (mid-9% YoY), GAAP unprofitable, ~$1.6B net cash. Founder-CEO Daniel Dines returned March 2026 to lead the agentic pivot.

Valuation re-rated to ~3.7x sales as the market prices in agent-layer substitution risk from $MSFT Copilot Studio, $CRM Agentforce, and vertical AI startups.

Bull case:

Installed base of 10,000+ enterprise customers (incl. ~2,500 with >$100k ARR) is a distribution moat for Autopilot/Agent Builder cross-sell
Public-sector vertical (DoD, state agencies) is sticky and compliance-gated - slower to be displaced by horizontal agent platforms
Net cash ~$1.6B vs ~$6B market cap = ~25% of cap in cash; buyback ongoing
Agentic Automation GA'd late 2025, early ARR contribution starting to show in mix
Trading at ~3.7x sales vs $NOW / $CRM at 10-15x - re-rate optionality if agent transition lands

Bear case:

Net revenue retention has compressed from ~145% (2022) toward ~110% - expansion engine cooling
$MSFT Copilot Studio + $CRM Agentforce ship agents bundled inside seats $PATH customers already pay for
GAAP losses persist; SBC ~25% of revenue keeps free-float dilution structural
Deterministic RPA is the cohort most directly substituted by LLM-driven agents - core business decays as the new business ramps
China/regulated geos remain marginal; growth concentrated in mature US/EU markets

2024-Q4: Crossed $1.5B ARR; ~10,800 customers, ~2,200 with >$100k ARR
2025-03: Autopilot for Everyone announced - generative-AI layer over existing RPA
2025-10: Agent Builder + Agentic Orchestration GA at FORWARD conference
2026-Q1 (Apr): ARR ~$1.7B reported, NRR ~110%, ~2,500 customers >$100k ARR
2026-03: Founder Daniel Dines returns as sole CEO; Rob Enslin departs - explicit pivot to agentic
Public sector: DoD ESI agreement, multiple US federal + state contracts (specific dollar values undisclosed)

customersUS Department of Defense · Uber · Wesco · CrowdStrike · Generali · undisclosed federal agencies

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Analyze PATHinteractive tools

Fibonacci levels Correlation matrix Learn the method

Bubblescapital-flow co-movement

Enterprise SaaS AIw 0.65

Themeseditorial groupings

Agentic AI

Convictionin 1 watchlist

#5Below SPX Forward PE · 2026-05-03
13xFWD PE

Top correlated252d co-movement

Related research

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Long-form analysis touching PATH

Recent news

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High-signal only

Held by ETFs

IGViShares Expanded Tech-Software Sector ETF
0.20%

Key levels

$13.26
0.618 retr of 9.20->19.84 (52w) · 2026-11-06
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
-2.0%
$14.52
0.5 retr of 9.20->19.84 (52w) · 2026-11-06
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
-10.5%
$11.48
0.786 retr of 9.20->19.84 (52w) · 2026-11-06
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
+13.3%
$15.78
0.382 retr of 9.20->19.84 (52w) · 2026-11-06
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
-17.6%
$10.00
Key Fib level · 2026-04-25
Out of reach · reference only
+30.0%

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Facts

Exchange: NYSE
Currency: USD
Market cap: $6.78B
Last update: 2026-11-06

Revenue (TTM)$1.7B

P/E19.4×

P/S3.9×

Net margin21.0%

Frequently asked questions

Is PATH in IGV?: Yes, iShares Expanded Tech-Software Sector ETF (IGV) holds PATH with 0.20% (as of 2026-11-06).
What ETFs hold PATH?: UiPath Inc. (PATH) is held by IGV (0.20%).
What AI bubble is PATH in?: UiPath Inc. (PATH) is mapped to the Enterprise SaaS AI bubble on QuantAbundance. Classifier 2026-05-07: primary tier, corr 0.90 to ai-software centroid (29 obs, 2nd: hyperscalers 0.594). is_primary_bubble=FALSE.
What sector is PATH in?: UiPath Inc. is classified under GICS Information Technology (Systems Software).
What is PATH's last close price?: PATH last closed at $13.00 on 2026-11-06.