C3.ai, Inc., Tuya Inc., Fastly, Inc. made Friday's list of top gainers.
Markets closed higher Friday, as S&P 500 closed the day at 4,045.64, having gained 1.61%. Nasdaq gained 1.97% and closed at 11,700.
Have a look at Friday's biggest gainers:
+9.45%: solid session for Elastic generates 9.45% gain Friday
An influx of buyers helped the self-managed SaaS provider to end the session higher around $63.93, while establishing a $61.47 to $67 session range Friday. Currently, the US-Dutch search company has a market capitalization of $6.11 billion with an average daily trading volume of 1.13 million shares. So far this year, it has been beating the Nasdaq by 19.49%.
Elastic trades at $63.93 after the company released its quarterly results.
+10.9%: Tuya gains 10.9% within $1.58 to $1.76 daily range
After closing at $1.56 on Thursday, Tuya maintained a strong bullish bias that helped the stock close higher at $1.73 Friday. However, market bears ensured the the cloud and management platform provider topped out at $1.76 and that by the end of the session, the market had marked out a distinct $1.58 to $1.76 range. The AI and IoT platform's market cap currently stands at $1.10 billion with an average daily volume of 724,500 shares. So far this year, it has been under-performing the Nasdaq by 26.58%.
+10.57%: Fastly closes at $14.96 after gaining 10.57%
Bullish sentiment helped the cloud platform to hammer out a noteworthy $13.55 to $15 range Friday, and finally closing at $14.96 to end the session. The company is currently trading with a market cap of $1.84 billion with an average daily volume of 7.45 million shares.
C3.ai | Closed +33.65% at $28.48
After closing Friday at $28.48, the enterprise-scale AI application developer peaked at $28.94 before giving up early gains and closing at $28.48.
C3.ai released its quarterly earnings report Thursday, beating analysts estimates. The company reported earnings of -0.57 per share on revenue of $66.67 million, topping estimates of -0.69 per share on revenue of $64.24 million. Since the release of its earnings report, C3.ai gained 37.39%.