Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao purchased 9,924 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were acquired at an average price of $4.33 per share, for a total transaction of $42,970.92. Following the completion of the acquisition, the chief executive officer directly owned 2,004,669 shares of the company’s stock, valued at $8,680,216.77. This trade represents a 0.50% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Bin Zhao also recently made the following trade(s):
- On Friday, October 9th, Bin Zhao acquired 5,301 shares of Agora stock. The stock was acquired at an average cost of $4.08 per share, for a total transaction of $21,628.08.
- On Thursday, October 8th, Bin Zhao acquired 9,956 shares of Agora stock. The stock was acquired at an average price of $4.06 per share, with a total value of $40,421.36.
- On Wednesday, October 7th, Bin Zhao bought 9,837 shares of Agora stock. The shares were acquired at an average cost of $4.13 per share, with a total value of $40,626.81.
- On Tuesday, October 6th, Bin Zhao bought 9,773 shares of Agora stock. The shares were acquired at an average cost of $4.19 per share, with a total value of $40,948.87.
- On Monday, October 5th, Bin Zhao bought 9,713 shares of Agora stock. The shares were acquired at an average price of $4.18 per share, for a total transaction of $40,600.34.
- On Friday, October 2nd, Bin Zhao purchased 9,065 shares of Agora stock. The stock was bought at an average cost of $4.11 per share, for a total transaction of $37,257.15.
- On Thursday, October 1st, Bin Zhao purchased 9,300 shares of Agora stock. The stock was bought at an average cost of $4.13 per share, for a total transaction of $38,409.00.
- On Wednesday, September 30th, Bin Zhao purchased 9,633 shares of Agora stock. The shares were bought at an average price of $4.18 per share, with a total value of $40,265.94.
- On Tuesday, September 29th, Bin Zhao purchased 9,364 shares of Agora stock. The shares were bought at an average price of $4.15 per share, with a total value of $38,860.60.
- On Monday, September 28th, Bin Zhao acquired 9,804 shares of Agora stock. The stock was bought at an average cost of $4.14 per share, for a total transaction of $40,588.56.
Agora Stock Up 0.7%
API opened at $4.11 on Tuesday. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.18. The stock has a market cap of $358.89 million, a price-to-earnings ratio of 37.37 and a beta of 0.75. Agora, Inc. Sponsored ADR has a twelve month low of $3.14 and a twelve month high of $5.49. The company’s 50-day moving average price is $4.22 and its two-hundred day moving average price is $4.07.
Wall Street Analyst Weigh In
API has been the subject of several research reports. Wall Street Zen lowered Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Bank of America boosted their target price on Agora from $6.60 to $6.80 and gave the company a “buy” rating in a research note on Friday, August 14th. Finally, Weiss Ratings upgraded Agora from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Agora has an average rating of “Hold” and an average price target of $6.80.
Check Out Our Latest Report on Agora
Hedge Funds Weigh In On Agora
Several large investors have recently modified their holdings of API. AXQ Capital LP purchased a new position in shares of Agora in the second quarter worth about $55,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Agora during the 2nd quarter valued at approximately $101,000. Finally, Headlands Technologies LLC lifted its stake 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 buying an additional 10,021 shares in the last quarter. Hedge funds and other institutional investors own 40.40% of the company’s stock.
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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