Helport AI (NASDAQ:HPAI) Trading Down 1.5% - Here's What Happened

Key Points

• Helport AI's shares fell 1.5% during trading, closing at $3.89, with an increase in trading volume by 273% compared to the average.
• Goldman Sachs acquired a stake of 10,631 shares valued at approximately $63,000, with institutional investors holding 62.44% of the company's stock.
• Helport AI specializes in developing AI-driven solutions for customer contact centers, including software for agent assistance and quality assurance.

Helport AI Limited (NASDAQ:HPAI - Get Free Report)'s stock price dropped 1.5% during trading on Friday . The company traded as low as $3.93 and last traded at $3.89. Approximately 4,869 shares were traded during mid-day trading, an increase of 273% from the average daily volume of 1,304 shares. The stock had previously closed at $3.95.

Helport AI Stock Up 3.3%

The stock has a 50-day simple moving average of $4.24 and a 200 day simple moving average of $5.08.

Institutional Investors Weigh In On Helport AI

An institutional investor recently bought a new position in Helport AI stock. Goldman Sachs Group Inc. acquired a new stake in Helport AI Limited (NASDAQ:HPAI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 10,631 shares of the company's stock, valued at approximately $63,000. Institutional investors and hedge funds own 62.44% of the company's stock.

Helport AI Company Profile

Helport AI Ltd. engages in the development of intelligent products, solutions, and a digital platform for customer contact centers. The firm offers AI Assist, a software that provides tailored AI-powered guidance and oversight for contact center interactions and customer experience, with functions including agent assistant, quality assurance (QA) assistant, supervisor assistant, and knowledge base assistant.