Polar Asset Management Partners Inc. Has $183,000 Holdings in Veea Inc. $VEEA

Polar Asset Management Partners Inc. lessened its position in Veea Inc. (NASDAQ:VEEA) by 79.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 293,302 shares of the company’s stock after selling 1,109,412 shares during the period. Polar Asset Management Partners Inc.’s holdings in Veea were worth $183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Veea Price Performance

Shares of Veea stock opened at $0.64 on Friday. The company has a market cap of $32.20 million, a PE ratio of 64.20 and a beta of 0.23. The firm has a fifty day moving average price of $0.54 and a two-hundred day moving average price of $0.60. Veea Inc. has a fifty-two week low of $0.38 and a fifty-two week high of $2.60.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Veea in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About Veea

Veea (NASDAQ: VEEA) is a provider of edge computing and networking solutions designed to bring cloud-native services closer to end users and devices. The company’s integrated platform combines carrier-grade hardware, multi-access connectivity and software orchestration tools to support real-time Internet of Things (IoT) and artificial intelligence (AI) applications at the network edge.

The core offering, Veea Edge, consists of modular, ruggedized nodes that support private 5G, Citizens Broadband Radio Service (CBRS), LTE and Wi-Fi connectivity.