Apex Technology Acquisition Co. $APXT Shares Sold by Saba Capital Management L.P.

Saba Capital Management L.P. lowered its position in shares of Apex Technology Acquisition Co. (NASDAQ:APXT) by 80.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 115,118 shares of the company’s stock after selling 484,882 shares during the period. Saba Capital Management L.P.’s holdings in Apex Technology Acquisition were worth $1,144,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in APXT. ABC Arbitrage SA purchased a new position in shares of Apex Technology Acquisition in the first quarter valued at $199,000. Bulldog Investors LLP purchased a new stake in Apex Technology Acquisition during the 4th quarter worth $425,000. Gritstone Asset Management LLC acquired a new position in Apex Technology Acquisition in the 4th quarter worth $494,000. Schonfeld Strategic Advisors LLC acquired a new position in Apex Technology Acquisition in the 4th quarter worth $494,000. Finally, Sculptor Capital LP purchased a new position in Apex Technology Acquisition in the 4th quarter valued at about $522,000. 6.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on APXT shares. Wall Street Zen upgraded Apex Technology Acquisition to a “hold” rating in a research note on Saturday, June 20th. Weiss Ratings initiated coverage on Apex Technology Acquisition in a research note on Tuesday, May 26th. They issued a “sell (e+)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Apex Technology Acquisition Trading Down 0.1%

Apex Technology Acquisition stock opened at $10.12 on Tuesday. Apex Technology Acquisition Co. has a 52 week low of $9.87 and a 52 week high of $10.19. The stock has a 50 day moving average of $10.06 and a 200-day moving average of $10.00.

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

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.