Agora (NASDAQ:API) CEO Bin Zhao Purchases 8,937 Shares of Company Stock

Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao bought 8,937 shares of the stock in a transaction dated Monday, October 12th. The shares were acquired at an average price of $4.11 per share, for a total transaction of $36,731.07. Following the completion of the purchase, the chief executive officer directly owned 2,133,928 shares in the company, valued at approximately $8,770,444.08. This trade represents a 0.42% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Bin Zhao also recently made the following trade(s):

  • On Wednesday, October 14th, Bin Zhao purchased 9,757 shares of Agora stock. The stock was bought at an average cost of $4.30 per share, for a total transaction of $41,955.10.
  • On Tuesday, October 13th, Bin Zhao acquired 5,438 shares of Agora stock. The stock was purchased at an average price of $4.20 per share, for a total transaction of $22,839.60.
  • On Friday, October 9th, Bin Zhao acquired 5,301 shares of Agora stock. The shares were purchased at an average cost 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 purchased at an average cost 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 stock was purchased 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 stock was purchased 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 purchased 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 shares were purchased 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 shares were purchased at an average price of $4.13 per share, with a total value of $38,409.00.
  • On Wednesday, September 30th, Bin Zhao purchased 9,633 shares of Agora stock. The shares were purchased at an average price of $4.18 per share, with a total value of $40,265.94.

Agora Trading Up 4.2%

Shares of API opened at $4.50 on Friday. The business has a 50-day moving average of $4.23 and a 200 day moving average of $4.09. Agora, Inc. Sponsored ADR has a fifty-two week low of $3.14 and a fifty-two week high of $5.49. The firm has a market cap of $392.94 million, a P/E ratio of 40.91 and a beta of 0.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.11 and a current ratio of 5.11.

Agora (NASDAQ:API – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.22. The business had revenue of $40.42 million for the quarter, compared to analysts’ expectations of $40.44 million. Agora had a return on equity of 1.96% and a net margin of 7.23%. As a group, research analysts forecast that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current year.

Wall Street Analyst Weigh In

API has been the topic of several research reports. Bank of America boosted their price target on shares of Agora from $6.60 to $6.80 and gave the company a “buy” rating in a research report on Friday, August 14th. Wall Street Zen downgraded shares of Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Finally, Weiss Ratings raised shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $6.80.

Read Our Latest Research Report on API

Institutional Trading of Agora

A number of institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC lifted its holdings 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 purchasing an additional 10,021 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Agora in the 2nd quarter worth about $101,000. Finally, AXQ Capital LP purchased a new position in Agora during the 2nd quarter valued at about $55,000. Hedge funds and other institutional investors own 40.40% of the company’s stock.

Agora Company Profile

(Get Free Report)

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.

Read More

Insider Buying and Selling by Quarter for Agora (NASDAQ:API)

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