Harraden Circle Investments, L Sells 4,451 Shares of AlphaVest Acquisition (NASDAQ:ATMV) Stock

AlphaVest Acquisition Corp. (NASDAQ:ATMV) major shareholder Harraden Circle Investments, L sold 4,451 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $8.90, for a total value of $39,613.90. Following the completion of the transaction, the insider directly owned 545,549 shares in the company, valued at approximately $4,855,386.10. The trade was a 0.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Harraden Circle Investments, L also recently made the following trade(s):

• On Tuesday, December 9th, Harraden Circle Investments, L sold 133,722 shares of AlphaVest Acquisition stock. The stock was sold at an average price of $14.27, for a total transaction of $1,908,212.94.
• On Monday, December 8th, Harraden Circle Investments, L sold 82,002 shares of AlphaVest Acquisition stock. The shares were sold at an average price of $13.86, for a total value of $1,136,547.72.

AlphaVest Acquisition Trading Up 31.4%

NASDAQ:ATMV traded up $2.46 during trading hours on Tuesday, hitting $10.30. The company’s stock had a trading volume of 12,607,150 shares, compared to its average volume of 183,685. The business’s 50-day moving average is $8.94 and its two-hundred day moving average is $11.24. AlphaVest Acquisition Corp. has a 52-week low of $5.43 and a 52-week high of $42.00.

AlphaVest Acquisition (NASDAQ:ATMV) last posted its quarterly earnings results on Wednesday, November 19th. The company reported ($0.73) earnings per share (EPS) for the quarter. The firm had revenue of $0.17 million for the quarter.

Institutional Trading of AlphaVest Acquisition

A number of institutional investors have recently modified their holdings of the company. Clear Street LLC increased its position in shares of AlphaVest Acquisition by 96.1% in the second quarter. Clear Street LLC now owns 21,671 shares of the company’s stock worth $255,000 after acquiring an additional 10,620 shares in the last quarter. Quarry LP bought a new stake in shares of AlphaVest Acquisition in the first quarter worth $568,000. Harraden Circle Investments LLC acquired a new position in AlphaVest Acquisition in the third quarter worth about $762,000. Clear Street Group Inc. acquired a new stake in AlphaVest Acquisition during the third quarter valued at approximately $1,842,000. Finally, Berkley W R Corp raised its position in shares of AlphaVest Acquisition by 23.7% during the 2nd quarter. Berkley W R Corp now owns 233,745 shares of the company’s stock valued at $2,749,000 after acquiring an additional 44,730 shares in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of AlphaVest Acquisition in a report on Monday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

AlphaVest Acquisition Company Profile

AlphaVest Acquisition Corp does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2022 and is based in New York, New York.