Sona Asset Management US LLC acquired a new stake in Apex Technology Acquisition Co. (NASDAQ:APXT – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 342,422 shares of the company’s stock, valued at approximately $3,404,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. ABC Arbitrage SA acquired a new position in shares of Apex Technology Acquisition during the 1st quarter worth approximately $199,000. Bulldog Investors LLP acquired a new stake in Apex Technology Acquisition during the 4th quarter valued at $425,000. Gritstone Asset Management LLC acquired a new stake in Apex Technology Acquisition during the 4th quarter valued at $494,000. Schonfeld Strategic Advisors LLC bought a new position in Apex Technology Acquisition during the fourth quarter worth $494,000. Finally, Sculptor Capital LP bought a new position in Apex Technology Acquisition during the fourth quarter worth $522,000. 6.01% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Wall Street Zen upgraded shares of Apex Technology Acquisition to a “hold” rating in a report on Saturday, June 20th. Weiss Ratings assumed coverage on shares of Apex Technology Acquisition in a report on Tuesday, May 26th. They set a “sell (e+)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.
Apex Technology Acquisition Stock Performance
Shares of NASDAQ APXT opened at $10.13 on Monday. The business’s 50 day moving average is $10.06 and its 200-day moving average is $9.99. Apex Technology Acquisition Co. has a 1-year low of $9.87 and a 1-year high of $10.19.
Apex Technology Acquisition (NASDAQ:APXT – Get Free Report) last released its quarterly earnings results on Thursday, March 26th. The company reported $0.09 earnings per share (EPS) for the quarter.
About Apex Technology Acquisition
Apex Technology Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the software and internet technology industries. The company was incorporated in 2019 and is based in Burlingame, California. Apex Technology Acquisition Corporation is a subsidiary of Apex Technology Sponsor LLC.
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