Radcliffe Capital Management L.P. Takes $6.68 Million Position in Apex Technology Acquisition Co. $APXT

Radcliffe Capital Management L.P. bought a new stake in shares of Apex Technology Acquisition Co. (NASDAQ:APXT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 675,000 shares of the company’s stock, valued at approximately $6,676,000. Radcliffe Capital Management L.P. owned 1.51% of Apex Technology Acquisition as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gritstone Asset Management LLC acquired a new stake in Apex Technology Acquisition in the fourth quarter worth $494,000. Wolverine Asset Management LLC acquired a new position in shares of Apex Technology Acquisition during the fourth quarter valued at about $11,246,000. HighTower Advisors LLC acquired a new position in shares of Apex Technology Acquisition during the fourth quarter valued at about $11,272,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Apex Technology Acquisition during the 4th quarter worth about $3,956,000. Finally, Periscope Capital Inc. bought a new position in shares of Apex Technology Acquisition during the 4th quarter worth about $4,450,000. 6.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings initiated coverage on Apex Technology Acquisition in a research note on Tuesday, May 26th. They issued a “sell (e+)” rating for the company. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Apex Technology Acquisition Stock Up 0.1%

Shares of NASDAQ:APXT opened at $10.05 on Wednesday. Apex Technology Acquisition Co. has a twelve month low of $9.87 and a twelve month high of $10.06. The stock’s 50 day moving average is $10.01 and its 200-day moving average is $9.96.

Apex Technology Acquisition (NASDAQ:APXT) last posted 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.