Periscope Capital Inc. Makes New $4.45 Million Investment in Apex Technology Acquisition Co. $APXT

Periscope Capital Inc. acquired a new position in Apex Technology Acquisition Co. (NASDAQ:APXT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 450,000 shares of the company’s stock, valued at approximately $4,450,000. Periscope Capital Inc. owned about 1.01% of Apex Technology Acquisition at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in APXT. HighTower Advisors LLC bought a new stake in Apex Technology Acquisition in the fourth quarter worth about $11,272,000. Wolverine Asset Management LLC bought a new stake in Apex Technology Acquisition in the fourth quarter worth about $11,246,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Apex Technology Acquisition during the fourth quarter worth approximately $3,956,000. Finally, Gritstone Asset Management LLC bought a new stake in shares of Apex Technology Acquisition during the fourth quarter valued at approximately $494,000. Institutional investors own 6.01% of the company’s stock.

Apex Technology Acquisition Stock Up 0.1%

Apex Technology Acquisition stock opened at $10.05 on Friday. The company has a 50 day moving average price of $9.99 and a 200-day moving average price of $10.07. Apex Technology Acquisition Co. has a fifty-two week low of $9.87 and a fifty-two week high of $10.05.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings assumed coverage on shares of Apex Technology Acquisition in a research note on Tuesday. They set 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 presently has a consensus rating of “Sell”.

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.