UiPath Inc (PATH)

[santafe2]

I've had this one on my watchlist since they went public. We've been in an ever increasing risk-off environment for the last year and it's been a difficult environment for software start-ups. There has been some suspicion that their window to dominate this space is closing and the most recent guidance for growth was a short term deal killer.

I've liked their software since well before they went public but as we well know there's a graveyard full of great software the market killed off or was consumed by a market leader before they could mature and stand on their own.

I'm not predicting, just observing that this year and next may be a very rough road.