CloudAlpha Capital Management Limited Hong Kong bought a new position in Agora, Inc. (NASDAQ:API - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,995,000 shares of the company's stock, valued at approximately $12,459,000. Agora accounts for 0.9% of CloudAlpha Capital Management Limited Hong Kong's holdings, making the stock its 15th largest holding. CloudAlpha Capital Management Limited Hong Kong owned approximately 3.25% of Agora as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Rhumbline Advisers grew its holdings in Agora by 1,988.6% during the 4th quarter. Rhumbline Advisers now owns 7,310 shares of the company's stock valued at $30,000 after purchasing an additional 6,960 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Agora during the third quarter valued at about $27,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Agora during the 3rd quarter worth approximately $28,000. NINE MASTS CAPITAL Ltd purchased a new position in shares of Agora during the 4th quarter valued at approximately $183,000. Finally, Clearline Capital LP grew its position in shares of Agora by 4.0% during the third quarter. Clearline Capital LP now owns 127,974 shares of the company's stock worth $308,000 after buying an additional 4,975 shares in the last quarter. Institutional investors and hedge funds own 40.40% of the company's stock.
Agora Stock Performance
Agora stock traded up $0.24 during mid-day trading on Tuesday, reaching $5.37. The company's stock had a trading volume of 924,716 shares, compared to its average volume of 1,113,492. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 0.06. Agora, Inc. has a twelve month low of $1.65 and a twelve month high of $6.99. The business has a 50 day moving average price of $5.21 and a 200-day moving average price of $4.10. The firm has a market cap of $495.12 million, a price-to-earnings ratio of -10.96, a PEG ratio of 4.36 and a beta of 0.37.
Wall Street Analysts Forecast Growth
Separately, Bank of America upgraded Agora from a "neutral" rating to a "buy" rating and upped their price objective for the company from $3.10 to $6.00 in a research note on Thursday, January 16th.
Check Out Our Latest Stock Analysis on Agora
Agora Company Profile
(
Free Report)
Agora, Inc operates in real-time engagement technology business in the People's Republic of China, the United States, and internationally. The company offers real-time engagement platform-as-a-services providing developers with application programming interfaces to embed real-time voice, video, interactive live-streaming, chat, whiteboard, and artificial intelligence capabilities into their applications.
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