Zapata Computing (NASDAQ:ZPTA) Stock Price Up 84.4% – Here’s Why

Zapata Computing Holdings Inc. (NASDAQ:ZPTA) shares rose 84.4% during mid-day trading on Monday . The company traded as high as $0.15 and last traded at $0.15. Approximately 11,940,863 shares were traded during mid-day trading, an increase of 123% from the average daily volume of 5,343,464 shares. The stock had previously closed at $0.08.

Zapata Computing Price Performance

The business has a fifty day moving average of $0.06 and a 200-day moving average of $0.36.

Hedge Funds Weigh In On Zapata Computing

Several large investors have recently bought and sold shares of ZPTA. Cowen AND Company LLC bought a new position in Zapata Computing during the 2nd quarter valued at $30,000. Sandia Investment Management LP purchased a new stake in shares of Zapata Computing during the 2nd quarter valued at $205,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Zapata Computing during the 2nd quarter valued at $31,000. 51.22% of the stock is currently owned by institutional investors.

About Zapata Computing

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.