110,243 Shares in GigCapital7 Corp. $GIG Purchased by Clear Street Group Inc.

Clear Street Group Inc. acquired a new stake in GigCapital7 Corp. (NASDAQ:GIG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 110,243 shares of the company’s stock, valued at approximately $1,162,000.

Other hedge funds also recently bought and sold shares of the company. Radcliffe Capital Management L.P. grew its stake in shares of GigCapital7 by 3,240.8% in the 3rd quarter. Radcliffe Capital Management L.P. now owns 523,973 shares of the company’s stock valued at $5,528,000 after buying an additional 508,289 shares during the period. Highbridge Capital Management LLC purchased a new position in shares of GigCapital7 during the 4th quarter worth approximately $19,799,000. TENOR CAPITAL MANAGEMENT Co. L.P. boosted its position in shares of GigCapital7 by 232.9% during the 3rd quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 1,690,136 shares of the company’s stock worth $17,831,000 after purchasing an additional 1,182,437 shares during the period. Quarry LP purchased a new position in shares of GigCapital7 during the 3rd quarter worth approximately $598,000. Finally, Geode Capital Management LLC purchased a new position in shares of GigCapital7 during the 4th quarter worth approximately $562,000.

GigCapital7 Trading Down 3.0%

Shares of GIG opened at $5.01 on Monday. GigCapital7 Corp. has a twelve month low of $4.17 and a twelve month high of $12.50. The firm’s fifty day simple moving average is $7.57 and its 200-day simple moving average is $9.51. The firm has a market capitalization of $166.82 million, a price-to-earnings ratio of 62.57 and a beta of 0.04.

GigCapital7 (NASDAQ:GIG) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.02 earnings per share for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of GigCapital7 from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

About GigCapital7

GigCapital7, Inc (NASDAQ: GIG) is a special purpose acquisition company incorporated in Delaware in 2021. As a blank check corporation, it was formed solely to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company completed its initial public offering in March 2021.

GigCapital7 has not generated revenue from operations and currently holds its offering proceeds in trust while it evaluates potential targets.