PATH Stock: Over 15% Increase Intraday Explanation

By Amit Chowdhry ● May 11, 2021
  • The stock price of UiPath Inc (NYSE: PATH) increased by over 15% during intraday trading. This is why it happened.

The stock price of leading enterprise automation software company UiPath Inc (NYSE: PATH) increased by over 15% during intraday trading. Investors appear to be responding positively to the company announcing new integrations with Tableau, a subsidiary of Salesforce.com (NYSE: CRM), to enable Tableau users to deploy UiPath robots to automatically perform actions and trigger downstream business processes.

These integrations make data and insights immediately actionable, turning Tableau reports and dashboards into dynamic action centers making automation easy for any business function in an organization. And the UiPath Activity for Tableau uses Tableau APIs so UiPath robots can extract relevant data from Tableau for use in UiPath automations. Plus UiPath created the UiPath Connector for Tableau to allow a person to kick off automations from directly within Tableau reports or dashboards.

The integrations function as a drag-and-drop experience, which do not require writing complex code, meaning users can now implement automation as part of data analysis to simplify decision-making and improve time-to-value.

The use cases are nearly limitless. For example: a supply chain analyst reviewing inventory data in Tableau can automate a purchase request for stock items that need replenishing from directly within that dashboard. And an IT system administrator can launch a robot to investigate an incident without leaving the IT service management dashboard.

KEY QUOTES:

“Incorporating enterprise data into an automated workflow can truly transform the way people work with data. The new integrations with UiPath unlocks the power of data by automating and simplifying repetitive tasks, enabling organizations to make faster, data-driven decisions.”

— Francois Ajenstat, chief product officer at Tableau

“Automation from within leading enterprise offerings and tools, such as Tableau, is core to our vision of helping companies on their journey to the fully automated enterprise. Our integration with Tableau empowers companies to extend the scale and efficiency of automation across their business by combining the power of data and insights with UiPath robots.”

— Ted Kummert, executive vice president of product and engineering at UiPath

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.