Cantor Equity Partners (NASDAQ:CEPO) Trading Up 0.2% – Here’s Why

Cantor Equity Partners, Inc. (NASDAQ:CEPO)’s stock price rose 0.2% on Thursday . The company traded as high as $10.50 and last traded at $10.47. Approximately 25,679 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 41,135 shares. The stock had previously closed at $10.45.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Cantor Equity Partners in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Cantor Equity Partners Price Performance

The firm has a 50-day simple moving average of $10.43 and a 200-day simple moving average of $10.73. The firm has a market capitalization of $266.73 million and a PE ratio of 61.53.

Cantor Equity Partners (NASDAQ:CEPO) last released its quarterly earnings results on Friday, November 14th. The company reported $0.05 EPS for the quarter.

Insider Buying and Selling

In other news, major shareholder Harraden Circle Investments, L sold 250,000 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $10.43, for a total value of $2,607,500.00. Following the transaction, the insider owned 2,048,679 shares of the company’s stock, valued at $21,367,721.97. This trade represents a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hedge Funds Weigh In On Cantor Equity Partners

A number of hedge funds have recently made changes to their positions in CEPO. Hudson Bay Capital Management LP purchased a new stake in shares of Cantor Equity Partners during the third quarter worth about $52,300,000. Harraden Circle Investments LLC boosted its stake in Cantor Equity Partners by 21.8% in the 2nd quarter. Harraden Circle Investments LLC now owns 2,298,679 shares of the company’s stock worth $27,354,000 after purchasing an additional 412,079 shares during the period. Pantera Capital Partners LP bought a new position in Cantor Equity Partners in the 3rd quarter worth approximately $15,690,000. Alberta Investment Management Corp purchased a new stake in Cantor Equity Partners during the 2nd quarter valued at approximately $7,140,000. Finally, Fortress Investment Group LLC bought a new stake in shares of Cantor Equity Partners during the second quarter valued at approximately $4,412,000.

About Cantor Equity Partners

Cantor Equity Partners, Inc is a special purpose acquisition company (SPAC) incorporated in Delaware and listed on the NASDAQ under the ticker CEPO. As a blank‐check entity, Cantor Equity Partners seeks to raise capital through an IPO and use the proceeds to effect a merger, share exchange, asset acquisition or similar business combination with one or more target companies. The company does not engage in commercial operations of its own until it completes a qualifying transaction.

The firm’s sponsor, Cantor Equity Opportunities Sponsor, LLC, is an affiliate of Cantor Fitzgerald, L.P., a well-established global financial services firm known for its capital markets, investment banking and brokerage activities.