Zapata Computing (NASDAQ:ZPTA) Stock Price Down 7.5% – Time to Sell?

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

Zapata Computing Price Performance

The firm has a fifty day simple moving average of $0.06 and a two-hundred day simple moving average of $0.30.

Institutional Trading of Zapata Computing

A hedge fund recently bought a new stake in Zapata Computing stock. B. Riley Wealth Advisors Inc. bought a new position in Zapata Computing Holdings Inc. (NASDAQ:ZPTA) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 52,100 shares of the company’s stock, valued at approximately $31,000. B. Riley Wealth Advisors Inc. owned 0.16% of Zapata Computing at the end of the most recent quarter. 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.