Atlas Merchant Capital LLC Has $41,000 Stake in Brand Engagement Network Inc. $BNAI

Atlas Merchant Capital LLC lessened its stake in Brand Engagement Network Inc. (NASDAQ:BNAI) by 90.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,500 shares of the company’s stock after selling 157,500 shares during the period. Brand Engagement Network comprises 74.5% of Atlas Merchant Capital LLC’s portfolio, making the stock its biggest holding. Atlas Merchant Capital LLC owned approximately 0.39% of Brand Engagement Network worth $41,000 as of its most recent filing with the SEC.

Separately, XTX Topco Ltd lifted its holdings in shares of Brand Engagement Network by 197.9% during the 2nd quarter. XTX Topco Ltd now owns 73,684 shares of the company’s stock worth $32,000 after acquiring an additional 48,951 shares during the period. Institutional investors own 15.80% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brand Engagement Network in a report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Brand Engagement Network has an average rating of “Sell”.

Brand Engagement Network Stock Performance

Shares of BNAI opened at $21.37 on Friday. The stock has a fifty day moving average price of $27.59 and a two-hundred day moving average price of $22.27. Brand Engagement Network Inc. has a 52-week low of $1.18 and a 52-week high of $86.28. The company has a market cap of $125.23 million, a price-to-earnings ratio of -11.81 and a beta of 0.38.

Brand Engagement Network (NASDAQ:BNAI) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.51) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.20) by $0.69. Brand Engagement Network had a negative return on equity of 235.73% and a negative net margin of 2,189.33%.The firm had revenue of $0.10 million during the quarter, compared to the consensus estimate of $0.30 million.

Brand Engagement Network Profile

Brand Engagement Network, Inc provides conversational AI assistants. The company offers security-focused, multimodal communication, and human-like assistants. Its AI assistants are built on proprietary natural language processing, anomaly detection, multisensory awareness, sentiment, and environmental analysis, as well as real-time individuation and personalization capabilities. It serves the automotive, healthcare, and other industries through direct sales force and channel partners. Brand Engagement Network, Inc was formerly known as Blockchain Exchange Network Inc and changed its name to Brand Engagement Network, Inc in April 2023.