Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao bought 9,804 shares of the company’s stock in a transaction that occurred on Monday, September 28th. The stock was acquired at an average price of $4.14 per share, for a total transaction of $40,588.56. Following the completion of the acquisition, the chief executive officer directly owned 2,043,049 shares in the company, valued at approximately $8,458,222.86. This represents a 0.48% increase in their ownership of the stock. The purchase was disclosed in a 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 shares were acquired at an average cost of $4.08 per share, with a total value of $21,628.08.
- On Thursday, October 8th, Bin Zhao bought 9,956 shares of Agora stock. The shares were 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 price of $4.13 per share, with a total value of $40,626.81.
- On Tuesday, October 6th, Bin Zhao purchased 9,773 shares of Agora stock. The stock was acquired at an average price of $4.19 per share, for a total transaction of $40,948.87.
- On Monday, October 5th, Bin Zhao purchased 9,713 shares of Agora stock. The stock was bought at an average cost of $4.18 per share, for a total transaction of $40,600.34.
- On Friday, October 2nd, Bin Zhao acquired 9,065 shares of Agora stock. The shares were bought at an average price of $4.11 per share, with a total value of $37,257.15.
- On Thursday, October 1st, Bin Zhao acquired 9,300 shares of Agora stock. The shares were bought at an average price of $4.13 per share, with a total value of $38,409.00.
- On Wednesday, September 30th, Bin Zhao acquired 9,633 shares of Agora stock. The shares were bought at an average cost of $4.18 per share, with a total value of $40,265.94.
- On Tuesday, September 29th, Bin Zhao acquired 9,364 shares of Agora stock. The shares were bought at an average cost of $4.15 per share, with a total value of $38,860.60.
- On Friday, September 25th, Bin Zhao bought 9,525 shares of Agora stock. The stock was bought at an average price of $4.22 per share, for a total transaction of $40,195.50.
Agora Stock Up 0.7%
Shares of Agora stock opened at $4.11 on Tuesday. The stock’s fifty day moving average is $4.22 and its 200-day moving average is $4.07. The firm has a market capitalization of $358.89 million, a PE ratio of 37.37 and a beta of 0.75. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.18. Agora, Inc. Sponsored ADR has a 12-month low of $3.14 and a 12-month high of $5.49.
Institutional Trading of Agora
Several hedge funds and other institutional investors have recently modified their holdings of API. AXQ Capital LP purchased a new stake in Agora in the 2nd quarter worth about $55,000. Headlands Technologies LLC boosted its position in Agora by 25.8% during the 2nd quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock worth $195,000 after acquiring an additional 10,021 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in Agora during the 2nd quarter valued at about $101,000. Institutional investors and hedge funds own 40.40% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on API. Weiss Ratings upgraded Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. Wall Street Zen cut shares of Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Finally, Bank of America raised their target price on shares of Agora from $6.60 to $6.80 and gave the stock a “buy” rating in a report 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 stock. According to MarketBeat, Agora currently has a consensus rating of “Hold” and a consensus target price of $6.80.
Read Our Latest Stock 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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