iLearningEngines (NASDAQ:AILE) Shares Gap Down to $4.01

Posted by Stacy Sanders on Aug 16th, 2024

iLearningEngines, Inc. (NASDAQ:AILE – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $4.01, but opened at $3.85. iLearningEngines shares last traded at $4.00, with a volume of 231,971 shares traded.

Analyst Upgrades and Downgrades

AILE has been the subject of a number of recent analyst reports. Benchmark reissued a “buy” rating and issued a $18.00 target price on shares of iLearningEngines in a research report on Monday. Northland Securities began coverage on shares of iLearningEngines in a report on Wednesday, May 1st. They set an “outperform” rating and a $21.00 price objective for the company.

Check Out Our Latest Report on AILE

iLearningEngines Stock Down 6.6 %

The firm has a 50 day simple moving average of $7.97.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company purchased a new stake in shares of iLearningEngines during the 2nd quarter valued at about $102,000. Squarepoint Ops LLC bought a new stake in iLearningEngines during the second quarter valued at approximately $123,000. Rhumbline Advisers purchased a new stake in iLearningEngines during the second quarter valued at approximately $217,000. Morse Asset Management Inc bought a new position in iLearningEngines in the second quarter worth approximately $1,543,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of iLearningEngines during the 2nd quarter worth $775,000. 32.94% of the stock is owned by hedge funds and other institutional investors.

About iLearningEngines

(Get Free Report)

iLearningEngines, Inc operates AI-powered learning automation and information intelligence for corporate and educational use. The company's AI and learning automation platform is used by enterprises to productize enterprise knowledge for consumption throughout the enterprise. Its outcome-based training has deployed in regulated and detail-oriented vertical markets, such as healthcare, education, insurance, retail, oil and gas/energy, manufacturing, and government.