Magnetar Financial LLC Buys New Stake in Apex Technology Acquisition Co. $APXT

Magnetar Financial LLC bought a new stake in Apex Technology Acquisition Co. (NASDAQ:APXT) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 850,000 shares of the company’s stock, valued at approximately $8,406,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wolverine Asset Management LLC purchased a new stake in Apex Technology Acquisition in the 4th quarter valued at approximately $11,246,000. HighTower Advisors LLC acquired a new position in Apex Technology Acquisition in the 4th quarter valued at $11,272,000. Periscope Capital Inc. acquired a new position in Apex Technology Acquisition in the 4th quarter valued at $4,450,000. Mint Tower Capital Management B.V. acquired a new position in Apex Technology Acquisition in the 4th quarter valued at $989,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Apex Technology Acquisition in the 4th quarter valued at $989,000. Hedge funds and other institutional investors own 6.01% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Apex Technology Acquisition Trading Up 0.1%

Shares of APXT opened at $10.05 on Wednesday. The stock has a fifty day moving average of $10.01 and a two-hundred day moving average of $9.96. Apex Technology Acquisition Co. has a fifty-two week low of $9.87 and a fifty-two week high of $10.06.

Apex Technology Acquisition (NASDAQ:APXT) last issued its quarterly earnings results on Thursday, March 26th. The company reported $0.09 earnings per share for the quarter.

Apex Technology Acquisition Company Profile

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.