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

iLearningEngines, Inc. (NASDAQ:AILE)’s share price 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.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AILE. Northland Securities began coverage on shares of iLearningEngines in a research note on Wednesday, May 1st. They issued an “outperform” rating and a $21.00 price objective for the company. Benchmark restated a “buy” rating and issued a $18.00 price objective on shares of iLearningEngines in a research note on Monday.

iLearningEngines Trading Up 5.5 %

The stock’s 50 day simple moving average is $8.01.

Hedge Funds Weigh In On iLearningEngines

A number of hedge funds have recently made changes to their positions in AILE. Claro Advisors LLC bought a new stake in shares of iLearningEngines in the 2nd quarter worth about $107,000. Rhumbline Advisers bought a new stake in shares of iLearningEngines in the 2nd quarter worth about $217,000. Bank of New York Mellon Corp bought a new stake in shares of iLearningEngines in the 2nd quarter worth about $775,000. Finally, Morse Asset Management Inc bought a new stake in shares of iLearningEngines in the 2nd quarter worth about $1,543,000. Institutional investors and hedge funds own 32.94% of the company’s stock.

iLearningEngines Company Profile

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.