Aristeia Capital L.L.C. Buys Shares of 550,000 Apex Technology Acquisition Co. $APXT

Aristeia Capital L.L.C. purchased a new position in Apex Technology Acquisition Co. (NASDAQ:APXT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 550,000 shares of the company’s stock, valued at approximately $5,440,000. Aristeia Capital L.L.C. owned 1.23% of Apex Technology Acquisition as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Gritstone Asset Management LLC bought a new position in Apex Technology Acquisition during the fourth quarter valued at approximately $494,000. Wolverine Asset Management LLC bought a new stake in Apex Technology Acquisition in the 4th quarter worth approximately $11,246,000. HighTower Advisors LLC purchased a new stake in Apex Technology Acquisition during the 4th quarter valued at $11,272,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Apex Technology Acquisition during the 4th quarter valued at $3,956,000. Finally, Periscope Capital Inc. bought a new position in shares of Apex Technology Acquisition during the 4th quarter valued at $4,450,000. 6.01% of the stock is owned by hedge funds and other institutional investors.

Apex Technology Acquisition Stock Performance

Shares of NASDAQ:APXT opened at $10.05 on Thursday. The firm’s 50 day moving average price is $10.01 and its 200-day moving average price is $9.96. Apex Technology Acquisition Co. has a twelve month low of $9.87 and a twelve month high of $10.06.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings began coverage on Apex Technology Acquisition in a research note on Tuesday, May 26th. They issued a “sell (e+)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently 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.