Zapata Computing (NASDAQ:ZPTA) Shares Down 7.5% – What’s Next?

Zapata Computing Holdings Inc. (NASDAQ:ZPTA)’s share price traded down 7.5% on Tuesday . The stock traded as low as $0.11 and last traded at $0.13. 1,526,987 shares traded hands during trading, an increase of 7% from the average session volume of 1,424,422 shares. The stock had previously closed at $0.14.

Zapata Computing Stock Performance

The stock has a 50-day simple moving average of $0.06 and a 200-day simple moving average of $0.30.

Hedge Funds Weigh In On Zapata Computing

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cowen AND Company LLC acquired a new stake in shares of Zapata Computing in the 2nd quarter worth approximately $30,000. B. Riley Wealth Advisors Inc. bought a new stake in Zapata Computing during the second quarter worth approximately $31,000. Finally, Sandia Investment Management LP acquired a new stake in Zapata Computing in the second quarter worth approximately $205,000. Institutional investors own 51.22% of the company’s stock.

Zapata Computing Company Profile

Zapata Computing Holdings Inc operates as an industrial generative artificial intelligence (AI) software company in the United States. The company offers subscription-based solutions that combine software and services to develop generative AI applications, as well as accompanying services to solve complex industrial problems.