Clear Street Group Inc. Invests $6.54 Million in Apex Technology Acquisition Co. $APXT

Clear Street Group Inc. bought a new position in shares of Apex Technology Acquisition Co. (NASDAQ:APXT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 660,808 shares of the company’s stock, valued at approximately $6,535,000. Clear Street Group Inc. owned about 1.48% of Apex Technology Acquisition at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wolverine Asset Management LLC bought a new stake in Apex Technology Acquisition during the 4th quarter worth about $11,246,000. HighTower Advisors LLC bought a new position in shares of Apex Technology Acquisition in the 4th quarter valued at about $11,272,000. Periscope Capital Inc. bought a new position in shares of Apex Technology Acquisition in the 4th quarter valued at about $4,450,000. Mint Tower Capital Management B.V. bought a new position in shares of Apex Technology Acquisition in the 4th quarter valued at about $989,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Apex Technology Acquisition in the 4th quarter valued at about $3,956,000. Institutional investors own 6.01% of the company’s stock.

Apex Technology Acquisition Stock Performance

Shares of NASDAQ APXT opened at $10.03 on Friday. The business has a 50-day moving average of $10.01 and a 200-day moving average of $9.95. Apex Technology Acquisition Co. has a fifty-two week low of $9.87 and a fifty-two week high of $10.06.

Apex Technology Acquisition (NASDAQ:APXT) last announced its quarterly earnings data on Thursday, March 26th. The company reported $0.09 earnings per share for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings assumed coverage on Apex Technology Acquisition in a report on Tuesday, May 26th. They issued a “sell (e+)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Apex Technology Acquisition Profile

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.