Yarra Square Partners LP Invests $790,000 in ContextLogic Inc. (NASDAQ:WISH)

Yarra Square Partners LP purchased a new stake in shares of ContextLogic Inc. (NASDAQ:WISH) during the first quarter, Holdings Channel reports. The institutional investor purchased 138,842 shares of the company’s stock, valued at approximately $790,000. ContextLogic makes up approximately 0.7% of Yarra Square Partners LP’s portfolio, making the stock its 21st biggest position.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Cannell Capital LLC bought a new stake in shares of ContextLogic during the third quarter valued at about $3,889,000. Federated Hermes Inc. increased its holdings in ContextLogic by 1.8% during the 4th quarter. Federated Hermes Inc. now owns 193,818 shares of the company’s stock worth $1,153,000 after acquiring an additional 3,356 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in ContextLogic by 54.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 865,772 shares of the company’s stock worth $5,151,000 after purchasing an additional 306,024 shares in the last quarter. Formation8 GP LLC purchased a new stake in ContextLogic in the 4th quarter worth approximately $5,922,000. Finally, Virtu Financial LLC bought a new position in ContextLogic in the 4th quarter valued at $192,000. 46.05% of the stock is owned by institutional investors.

Insider Buying and Selling

In other ContextLogic news, General Counsel Joanna Forster sold 16,394 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $5.45, for a total value of $89,347.30. Following the sale, the general counsel now owns 39,046 shares of the company’s stock, valued at approximately $212,800.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.20% of the stock is owned by company insiders.

ContextLogic Trading Up 3.8 %

Shares of ContextLogic stock traded up $0.22 during trading on Friday, hitting $5.94. The stock had a trading volume of 267,378 shares, compared to its average volume of 991,637. ContextLogic Inc. has a 12 month low of $3.55 and a 12 month high of $9.90. The firm has a market cap of $144.92 million, a price-to-earnings ratio of -0.50 and a beta of 2.09. The business’s 50-day moving average is $5.52 and its 200 day moving average is $5.54.

ContextLogic Profile

ContextLogic Inc operates as a mobile ecommerce company in Europe, North America, South America, and internationally. The company operates Wish, an ecommerce platform that connects consumers to merchants. It also provides marketplace and logistics services to merchants. ContextLogic Inc was incorporated in 2010 and is headquartered in San Francisco, California.