Governors Lane LP Buys New Position in Apex Technology Acquisition Co. $APXT

Governors Lane LP bought a new stake in shares of Apex Technology Acquisition Co. (NASDAQ:APXT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 300,000 shares of the company’s stock, valued at approximately $2,967,000. Governors Lane LP owned approximately 0.67% of Apex Technology Acquisition as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wolverine Asset Management LLC bought a new position in shares of Apex Technology Acquisition during the fourth quarter valued at approximately $11,246,000. HighTower Advisors LLC bought a new position in shares of Apex Technology Acquisition during the fourth quarter valued at approximately $11,272,000. Periscope Capital Inc. bought a new position in shares of Apex Technology Acquisition during the fourth quarter valued at approximately $4,450,000. Mint Tower Capital Management B.V. bought a new position in shares of Apex Technology Acquisition during the fourth quarter valued at approximately $989,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Apex Technology Acquisition during the fourth quarter valued at approximately $989,000. Institutional investors own 6.01% of the company’s stock.

Apex Technology Acquisition Stock Performance

APXT opened at $10.05 on Thursday. The stock has a fifty day simple moving average of $10.01 and a two-hundred day simple moving average of $9.96. Apex Technology Acquisition Co. has a 12-month low of $9.87 and a 12-month high of $10.06.

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

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on Apex Technology Acquisition in a report on Tuesday, May 26th. They set a “sell (e+)” rating for the company. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

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.