Harraden Circle Investments, L Sells 82,002 Shares of AlphaVest Acquisition (NASDAQ:ATMV) Stock

AlphaVest Acquisition Corp. (NASDAQ:ATMV) major shareholder Harraden Circle Investments, L sold 82,002 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $13.86, for a total transaction of $1,136,547.72. Following the completion of the transaction, the insider owned 463,547 shares of the company’s stock, valued at approximately $6,424,761.42. The trade was a 15.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares 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 Friday, December 5th, Harraden Circle Investments, L sold 4,451 shares of AlphaVest Acquisition stock. The shares were sold at an average price of $8.90, for a total transaction of $39,613.90.

AlphaVest Acquisition Stock Performance

NASDAQ ATMV opened at $8.25 on Thursday. The company has a fifty day moving average of $8.78 and a two-hundred day moving average of $11.21. AlphaVest Acquisition Corp. has a 1 year low of $5.43 and a 1 year high of $42.00.

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

Institutional Investors Weigh In On AlphaVest Acquisition

A number of institutional investors and hedge funds have recently made changes to their positions in ATMV. Berkley W R Corp grew its holdings in shares of AlphaVest Acquisition by 23.7% during the second quarter. Berkley W R Corp now owns 233,745 shares of the company’s stock worth $2,749,000 after buying an additional 44,730 shares during the last quarter. Clear Street Group Inc. acquired a new position in AlphaVest Acquisition in the 3rd quarter valued at about $1,842,000. Harraden Circle Investments LLC purchased a new stake in AlphaVest Acquisition during the 3rd quarter valued at approximately $762,000. Quarry LP acquired a new stake in AlphaVest Acquisition during the 1st quarter worth approximately $568,000. Finally, Clear Street LLC grew its stake in shares of AlphaVest Acquisition by 96.1% in the 2nd quarter. Clear Street LLC now owns 21,671 shares of the company’s stock valued at $255,000 after purchasing an additional 10,620 shares during the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of AlphaVest Acquisition in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently 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.