Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao bought 7,447 shares of the business’s stock in a transaction on Monday, September 21st. The shares were purchased at an average cost of $4.20 per share, for a total transaction of $31,277.40. Following the completion of the purchase, the chief executive officer owned 1,994,745 shares in the company, valued at approximately $8,377,929. This trade represents a 0.37% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Bin Zhao also recently made the following trade(s):
- On Friday, October 9th, Bin Zhao bought 5,301 shares of Agora stock. The stock was acquired at an average price of $4.08 per share, for a total transaction of $21,628.08.
- On Thursday, October 8th, Bin Zhao bought 9,956 shares of Agora stock. The stock was bought at an average price of $4.06 per share, with a total value of $40,421.36.
- On Wednesday, October 7th, Bin Zhao acquired 9,837 shares of Agora stock. The shares were purchased at an average price of $4.13 per share, with a total value of $40,626.81.
- On Tuesday, October 6th, Bin Zhao acquired 9,773 shares of Agora stock. The shares were purchased at an average price of $4.19 per share, with a total value of $40,948.87.
- On Monday, October 5th, Bin Zhao acquired 9,713 shares of Agora stock. The shares were purchased at an average cost of $4.18 per share, with a total value of $40,600.34.
- On Friday, October 2nd, Bin Zhao bought 9,065 shares of Agora stock. The stock was purchased at an average price of $4.11 per share, for a total transaction of $37,257.15.
- On Thursday, October 1st, Bin Zhao bought 9,300 shares of Agora stock. The stock was purchased at an average price of $4.13 per share, for a total transaction of $38,409.00.
- On Wednesday, September 30th, Bin Zhao bought 9,633 shares of Agora stock. The stock was purchased at an average cost of $4.18 per share, for a total transaction of $40,265.94.
- On Tuesday, September 29th, Bin Zhao purchased 9,364 shares of Agora stock. The shares were purchased at an average cost of $4.15 per share, with a total value of $38,860.60.
- On Monday, September 28th, Bin Zhao purchased 9,804 shares of Agora stock. The shares were purchased at an average cost of $4.14 per share, with a total value of $40,588.56.
Agora Stock Up 0.7%
Shares of Agora stock opened at $4.11 on Tuesday. The firm has a market cap of $358.89 million, a price-to-earnings ratio of 37.37 and a beta of 0.75. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.11 and a quick ratio of 5.11. Agora, Inc. Sponsored ADR has a 52-week low of $3.14 and a 52-week high of $5.49. The stock has a 50-day simple moving average of $4.22 and a 200-day simple moving average of $4.07.
Institutional Trading of Agora
Several large investors have recently made changes to their positions in the stock. Headlands Technologies LLC increased its holdings in shares of Agora by 25.8% during the 2nd quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock valued at $195,000 after acquiring an additional 10,021 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Agora in the 2nd quarter valued at approximately $101,000. Finally, AXQ Capital LP acquired a new stake in Agora in the 2nd quarter worth approximately $55,000. Institutional investors own 40.40% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on API. Weiss Ratings upgraded shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday. Wall Street Zen lowered shares of Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Finally, Bank of America lifted their price objective on shares of Agora from $6.60 to $6.80 and gave the company a “buy” rating in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $6.80.
Read Our Latest Analysis on API
Agora Company Profile
Agora, Inc (NASDAQ: API) provides real-time engagement technology that enables developers and businesses to add live voice, video, interactive broadcasting and messaging capabilities to applications and digital services. Its platform is delivered primarily through application programming interfaces (APIs) and software development kits (SDKs), allowing customers to integrate communications features without building the underlying infrastructure themselves.
The company’s offerings support use cases such as video conferencing, online education, telehealth, social and interactive entertainment, customer engagement, gaming and virtual events.
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