Armada Acquisition Corp. II (NASDAQ:XRPN) Rating Increased to Hold at Wall Street Zen

Armada Acquisition Corp. II (NASDAQ:XRPN) was upgraded by Wall Street Zen to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Armada Acquisition Corp. II in a research report on Friday, May 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Armada Acquisition Corp. II Price Performance

NASDAQ XRPN opened at $10.41 on Friday. The business has a fifty day moving average of $10.39. Armada Acquisition Corp. II has a 12-month low of $10.03 and a 12-month high of $10.91.

Armada Acquisition Corp. II (NASDAQ:XRPN) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.04 earnings per share for the quarter.

Institutional Trading of Armada Acquisition Corp. II

Several institutional investors and hedge funds have recently bought and sold shares of the business. Huntington National Bank purchased a new position in shares of Armada Acquisition Corp. II during the fourth quarter worth $26,000. HRT Financial LP purchased a new stake in Armada Acquisition Corp. II in the fourth quarter valued at $112,000. Geode Capital Management LLC acquired a new stake in Armada Acquisition Corp. II during the 4th quarter worth about $155,000. Virtu Financial LLC acquired a new stake in Armada Acquisition Corp. II during the 4th quarter worth about $283,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Armada Acquisition Corp. II during the 4th quarter valued at about $513,000. 27.95% of the stock is currently owned by institutional investors and hedge funds.

Armada Acquisition Corp. II Company Profile

Armada Acquisition Corp. II (NASDAQ: XRPN) is a special purpose acquisition company (SPAC), commonly known as a blank‑check company, formed to raise capital through an initial public offering for the purpose of effecting a business combination. As a SPAC, the company does not operate an active commercial business; instead, its primary activity is identifying, negotiating and completing a merger, share exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more target companies.

Following its public listing, Armada Acquisition Corp.