Lineage Point Capital LP Invests $9.49 Million in Apex Technology Acquisition Co. $APXT

Lineage Point Capital LP acquired a new position in Apex Technology Acquisition Co. (NASDAQ:APXT) during the 4th quarter, Holdings Channel reports. The fund acquired 960,000 shares of the company’s stock, valued at approximately $9,494,000. Apex Technology Acquisition makes up approximately 3.6% of Lineage Point Capital LP’s investment portfolio, making the stock its 2nd biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Bulldog Investors LLP acquired a new stake in Apex Technology Acquisition in the 4th quarter valued at about $425,000. Gritstone Asset Management LLC acquired a new position in Apex Technology Acquisition during the fourth quarter worth about $494,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Apex Technology Acquisition in the fourth quarter valued at about $494,000. Sculptor Capital LP purchased a new stake in shares of Apex Technology Acquisition in the fourth quarter valued at about $522,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Apex Technology Acquisition in the fourth quarter valued at about $865,000. 6.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings started coverage on shares of Apex Technology Acquisition in a research note on Tuesday, May 26th. They set a “sell (e+)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Apex Technology Acquisition Price Performance

NASDAQ APXT opened at $10.06 on Friday. Apex Technology Acquisition Co. has a fifty-two week low of $9.87 and a fifty-two week high of $10.06. The business has a fifty day moving average of $10.01 and a 200-day moving average of $9.96.

Apex Technology Acquisition (NASDAQ:APXT) last posted its quarterly earnings data on Thursday, March 26th. The company reported $0.09 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.