Insider Buying: Agora (NASDAQ:API) CEO Purchases $41,955.10 in Stock

Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao purchased 9,757 shares of the business’s stock in a transaction on Wednesday, October 14th. The stock was acquired at an average price of $4.30 per share, with a total value of $41,955.10. Following the purchase, the chief executive officer directly owned 2,149,123 shares in the company, valued at $9,241,228.90. This represents a 0.46% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Bin Zhao also recently made the following trade(s):

  • On Monday, October 12th, Bin Zhao purchased 8,937 shares of Agora stock. The shares were acquired at an average cost of $4.11 per share, for a total transaction of $36,731.07.
  • On Tuesday, October 13th, Bin Zhao acquired 5,438 shares of Agora stock. The stock was acquired at an average price of $4.20 per share, for a total transaction of $22,839.60.
  • On Friday, October 9th, Bin Zhao acquired 5,301 shares of Agora stock. The stock was acquired at an average price of $4.08 per share, for a total transaction of $21,628.08.
  • On Thursday, October 8th, Bin Zhao acquired 9,956 shares of Agora stock. The stock was acquired at an average cost of $4.06 per share, with a total value of $40,421.36.
  • On Wednesday, October 7th, Bin Zhao acquired 9,837 shares of Agora stock. The stock was acquired at an average cost of $4.13 per share, with a total value of $40,626.81.
  • On Tuesday, October 6th, Bin Zhao bought 9,773 shares of Agora stock. The shares were acquired at an average price of $4.19 per share, with a total value of $40,948.87.
  • On Monday, October 5th, Bin Zhao bought 9,713 shares of Agora stock. The shares were acquired at an average price of $4.18 per share, with a total value of $40,600.34.
  • On Friday, October 2nd, Bin Zhao bought 9,065 shares of Agora stock. The shares were acquired at an average cost of $4.11 per share, for a total transaction of $37,257.15.
  • On Thursday, October 1st, Bin Zhao purchased 9,300 shares of Agora stock. The stock was acquired at an average cost of $4.13 per share, for a total transaction of $38,409.00.
  • On Wednesday, September 30th, Bin Zhao purchased 9,633 shares of Agora stock. The stock was acquired at an average cost of $4.18 per share, for a total transaction of $40,265.94.

Agora Stock Down 3.3%

NASDAQ API opened at $4.35 on Friday. Agora, Inc. Sponsored ADR has a 12 month low of $3.14 and a 12 month high of $5.49. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.18. The stock has a market cap of $379.84 million, a PE ratio of 39.55 and a beta of 0.75. The stock’s 50 day moving average is $4.23 and its 200 day moving average is $4.09.

Agora (NASDAQ:API – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.22. The business had revenue of $40.42 million during the quarter, compared to analyst estimates of $40.44 million. Agora had a net margin of 7.23% and a return on equity of 1.96%. Research analysts predict that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wall Street Zen cut shares of Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Bank of America lifted their price target on shares of Agora from $6.60 to $6.80 and gave the company a “buy” rating in a report on Friday, August 14th. Finally, Weiss Ratings upgraded shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 9th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $6.80.

Check Out Our Latest Research Report on Agora

Hedge Funds Weigh In On Agora

Several institutional investors have recently added to or reduced their stakes in API. Public Employees Retirement System of Ohio bought a new stake in Agora in the 2nd quarter worth approximately $101,000. AXQ Capital LP purchased a new stake in shares of Agora during the 2nd quarter worth approximately $55,000. Finally, Headlands Technologies LLC raised its holdings in shares of Agora by 25.8% during the 2nd quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock worth $195,000 after acquiring an additional 10,021 shares in the last quarter. Hedge funds and other institutional investors own 40.40% of the company’s stock.

Agora Company Profile

(Get Free Report)

Agora, Inc (NASDAQ: API) provides real-time engagement technology that enables developers and businesses to add live voice, video, interactive broadcasting and messaging capabilities to applications and digital services. Its platform is delivered primarily through application programming interfaces (APIs) and software development kits (SDKs), allowing customers to integrate communications features without building the underlying infrastructure themselves.

The company’s offerings support use cases such as video conferencing, online education, telehealth, social and interactive entertainment, customer engagement, gaming and virtual events.

See Also

Insider Buying and Selling by Quarter for Agora (NASDAQ:API)

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