Harraden Circle Investments, L Sells 250,000 Shares of Cantor Equity Partners (NASDAQ:CEPO) Stock

Cantor Equity Partners, Inc. (NASDAQ:CEPO) major shareholder Harraden Circle Investments, L sold 250,000 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $10.43, for a total value of $2,607,500.00. Following the sale, the insider owned 2,048,679 shares in the company, valued at $21,367,721.97. The trade was a 10.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Cantor Equity Partners Stock Performance

NASDAQ CEPO traded down $0.01 on Monday, reaching $10.43. The company’s stock had a trading volume of 319,133 shares, compared to its average volume of 367,252. Cantor Equity Partners, Inc. has a twelve month low of $10.04 and a twelve month high of $16.50. The firm’s 50 day moving average is $10.47 and its two-hundred day moving average is $11.30. The stock has a market cap of $265.97 million and a PE ratio of 86.92.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cantor Equity Partners in a research report on Tuesday, October 14th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Trading of Cantor Equity Partners

Institutional investors have recently made changes to their positions in the business. Quarry LP acquired a new position in shares of Cantor Equity Partners in the 1st quarter worth approximately $78,000. PenderFund Capital Management Ltd. acquired a new stake in Cantor Equity Partners during the first quarter valued at $102,000. Whalen Wealth Management Inc. acquired a new position in shares of Cantor Equity Partners during the 3rd quarter worth $140,000. Qube Research & Technologies Ltd acquired a new position in Cantor Equity Partners in the 2nd quarter valued at $155,000. Finally, Penserra Capital Management LLC bought a new position in Cantor Equity Partners in the 2nd quarter worth approximately $219,000.

Cantor Equity Partners Company Profile

Cantor Equity Partners I, Inc is a blank check company. It was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on November 11, 2020 and is headquartered in New York, NY.