Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao purchased 9,364 shares of the company’s stock in a transaction that occurred on Tuesday, September 29th. The stock was acquired at an average cost of $4.15 per share, for a total transaction of $38,860.60. Following the transaction, the chief executive officer owned 2,052,413 shares in the company, valued at $8,517,513.95. This represents a 0.46% increase in their position. The acquisition was disclosed in a document filed 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 purchased 5,301 shares of Agora stock. The shares were bought at an average price of $4.08 per share, with a total value of $21,628.08.
- On Thursday, October 8th, Bin Zhao acquired 9,956 shares of Agora stock. The shares were bought at an average cost 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 bought at an average cost 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 stock was bought 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 stock was bought at an average price of $4.18 per share, for a total transaction of $40,600.34.
- On Friday, October 2nd, Bin Zhao bought 9,065 shares of Agora stock. The stock was bought 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 shares were 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 Monday, September 28th, Bin Zhao purchased 9,804 shares of Agora stock. The shares were bought at an average price of $4.14 per share, with a total value of $40,588.56.
- On Friday, September 25th, Bin Zhao purchased 9,525 shares of Agora stock. The stock was bought at an average cost of $4.22 per share, with a total value of $40,195.50.
Agora Trading Up 0.7%
NASDAQ API opened at $4.11 on Tuesday. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $4.22 and a 200 day simple moving average of $4.07. Agora, Inc. Sponsored ADR has a 12 month low of $3.14 and a 12 month high of $5.49. The firm has a market capitalization of $358.89 million, a P/E ratio of 37.37 and a beta of 0.75.
Analysts Set New Price Targets
Several research analysts recently weighed in on the stock. Wall Street Zen cut shares of Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Weiss Ratings raised shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. Finally, Bank of America increased 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 research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Agora has an average rating of “Hold” and a consensus price target of $6.80.
View Our Latest Analysis on API
Institutional Investors Weigh In On Agora
Several large investors have recently made changes to their positions in API. AXQ Capital LP bought a new stake in shares of Agora during the 2nd quarter worth $55,000. Headlands Technologies LLC boosted its holdings in shares of Agora by 25.8% in the 2nd quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock worth $195,000 after buying an additional 10,021 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Agora in the 2nd quarter worth about $101,000. 40.40% of the stock is owned by hedge funds and other institutional investors.
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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