OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires Shares of 100,000 Apex Technology Acquisition Co. $APXT

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Apex Technology Acquisition Co. (NASDAQ:APXT) during the fourth quarter, Holdings Channel.com reports. The firm acquired 100,000 shares of the company’s stock, valued at approximately $989,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bulldog Investors LLP purchased a new stake in Apex Technology Acquisition in the fourth quarter worth $425,000. Gritstone Asset Management LLC purchased a new stake in Apex Technology Acquisition in the fourth quarter worth $494,000. Sculptor Capital LP purchased a new stake in Apex Technology Acquisition in the fourth quarter worth $522,000. Mint Tower Capital Management B.V. purchased a new stake in Apex Technology Acquisition in the fourth quarter worth $989,000. Finally, Context Capital Management LLC purchased a new stake in Apex Technology Acquisition in the fourth quarter worth $1,482,000. Hedge funds and other institutional investors own 6.01% of the company’s stock.

Analysts Set New Price Targets

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 investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Apex Technology Acquisition Stock Performance

Shares of Apex Technology Acquisition stock opened at $10.04 on Tuesday. Apex Technology Acquisition Co. has a 12 month low of $9.87 and a 12 month high of $10.06. The stock’s fifty day moving average price is $10.01 and its 200-day moving average price is $9.96.

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

Apex Technology Acquisition Company Profile

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.