Texas Ventures Acquisition III (NASDAQ:TVA) Director Mark Angelo Buys 125,000 Shares of Stock

Texas Ventures Acquisition III Corp (NASDAQ:TVA) Director Mark Angelo purchased 125,000 shares of the stock in a transaction dated Friday, February 27th. The stock was acquired at an average price of $10.48 per share, for a total transaction of $1,310,000.00. Following the completion of the transaction, the director directly owned 1,050,000 shares of the company’s stock, valued at approximately $11,004,000. The trade was a 13.51% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Texas Ventures Acquisition III Stock Performance

Shares of Texas Ventures Acquisition III stock opened at $10.48 on Tuesday. Texas Ventures Acquisition III Corp has a 1 year low of $10.06 and a 1 year high of $12.27. The business has a 50 day moving average price of $10.48 and a 200 day moving average price of $10.54.

Texas Ventures Acquisition III (NASDAQ:TVA) last announced its earnings results on Wednesday, April 15th. The company reported $0.17 EPS for the quarter.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Royal Bank of Canada acquired a new stake in shares of Texas Ventures Acquisition III during the fourth quarter worth $35,000. Quarry LP acquired a new position in Texas Ventures Acquisition III in the fourth quarter valued at $129,000. Marex Group plc acquired a new position in Texas Ventures Acquisition III in the fourth quarter valued at $133,000. Lincoln Capital Corp purchased a new position in Texas Ventures Acquisition III during the first quarter worth about $520,000. Finally, Fifth Lane Capital LP purchased a new position in Texas Ventures Acquisition III during the fourth quarter worth about $952,000.

Wall Street Analyst Weigh In

TVA has been the topic of a number of analyst reports. Wall Street Zen lowered Texas Ventures Acquisition III from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings raised shares of Texas Ventures Acquisition III from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

About Texas Ventures Acquisition III

Texas Ventures Acquisition III (NASDAQ: TVA) is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank‑check company, its principal business purpose is to raise capital in the public markets and use those proceeds to identify, negotiate and consummate one or more business combinations with an operating company.

Unlike an operating company, Texas Ventures Acquisition III does not produce goods or services while it searches for a target. Its activities typically include managing the capital held in trust, conducting diligence on prospective acquisition candidates, negotiating transaction terms, and seeking shareholder and regulatory approvals required to complete a business combination.

Pending completion of a business combination, the company’s prospects and ultimate strategy are driven by its management and sponsors; specific target industries, geographies and leadership details are disclosed through the company’s public filings and press releases as opportunities develop.