Zapata Computing Holdings Inc. (NASDAQ:ZPTA – Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 1,060,000 shares, a growth of 81.9% from the September 30th total of 582,700 shares. Currently, 3.3% of the shares of the stock are short sold. Based on an average trading volume of 15,910,000 shares, the short-interest ratio is currently 0.1 days.
Analyst Upgrades and Downgrades
ZPTA has been the topic of several recent analyst reports. Benchmark reiterated a “speculative buy” rating and issued a $1.50 price target on shares of Zapata Computing in a research note on Tuesday, August 13th. Cantor Fitzgerald initiated coverage on Zapata Computing in a research note on Tuesday, August 13th. They issued an “overweight” rating and a $1.75 price objective on the stock.
View Our Latest Research Report on ZPTA
Zapata Computing Stock Down 12.9 %
Zapata Computing (NASDAQ:ZPTA – Get Free Report) last posted its earnings results on Wednesday, August 14th. The company reported ($0.48) earnings per share for the quarter. The business had revenue of $2.00 million for the quarter. As a group, analysts predict that Zapata Computing will post -1.44 earnings per share for the current year.
Institutional Investors Weigh In On Zapata Computing
Several hedge funds have recently modified their holdings of ZPTA. Cowen AND Company LLC acquired a new position in Zapata Computing in the 2nd quarter worth about $30,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Zapata Computing during the second quarter worth about $31,000. Finally, Sandia Investment Management LP bought a new stake in shares of Zapata Computing during the second quarter worth about $205,000. Institutional investors and hedge funds 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.
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