OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Invests $989,000 in Apex Technology Acquisition Co. $APXT

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Apex Technology Acquisition Co. (NASDAQ:APXT) during the 4th quarter, HoldingsChannel reports. The firm purchased 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 added to or reduced their stakes in the stock. Bulldog Investors LLP bought a new position in Apex Technology Acquisition during the 4th quarter worth $425,000. Gritstone Asset Management LLC bought a new stake in Apex Technology Acquisition in the fourth quarter valued at $494,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Apex Technology Acquisition during the fourth quarter worth about $494,000. Sculptor Capital LP bought a new position in shares of Apex Technology Acquisition during the fourth quarter worth about $522,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Apex Technology Acquisition in the 4th quarter worth about $865,000. Institutional investors and hedge funds own 6.01% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on APXT. Wall Street Zen upgraded shares of Apex Technology Acquisition to a “hold” rating in a research report on Saturday. Weiss Ratings initiated coverage on shares of 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, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Apex Technology Acquisition Price Performance

NASDAQ:APXT opened at $10.06 on Friday. Apex Technology Acquisition Co. has a 1 year low of $9.87 and a 1 year high of $10.06. The business has a fifty day moving average of $10.01 and a 200-day moving average of $9.96.

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

Apex Technology Acquisition 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.