Context Capital Management LLC Buys New Stake in Apex Technology Acquisition Co. $APXT

Context Capital Management LLC bought a new stake in shares of Apex Technology Acquisition Co. (NASDAQ:APXT) in the fourth quarter, Holdings Channel reports. The fund bought 149,800 shares of the company’s stock, valued at approximately $1,482,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APXT. Gritstone Asset Management LLC acquired a new position in Apex Technology Acquisition during the fourth quarter valued at $494,000. Wolverine Asset Management LLC acquired a new position in Apex Technology Acquisition during the fourth quarter valued at $11,246,000. HighTower Advisors LLC acquired a new position in Apex Technology Acquisition during the fourth quarter valued at $11,272,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Apex Technology Acquisition during the fourth quarter valued at $3,956,000. Finally, Periscope Capital Inc. acquired a new position in Apex Technology Acquisition during the fourth quarter valued at $4,450,000. 6.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on shares of Apex Technology Acquisition in a research 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 data from MarketBeat, the company presently has a consensus rating of “Sell”.

Apex Technology Acquisition Price Performance

APXT stock opened at $10.03 on Friday. The firm has a 50-day simple moving average of $10.01 and a 200-day simple moving average of $9.95. Apex Technology Acquisition Co. has a 52 week low of $9.87 and a 52 week high of $10.06.

Apex Technology Acquisition (NASDAQ:APXT) last released its earnings results on Thursday, March 26th. The company reported $0.09 EPS for the quarter.

About Apex Technology Acquisition

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.