AlphaVest Acquisition (NASDAQ:ATMV) Major Shareholder Harraden Circle Investments, L Sells 4,451 Shares of Stock

AlphaVest Acquisition Corp. (NASDAQ:ATMV) major shareholder Harraden Circle Investments, L sold 4,451 shares of the stock in a transaction on Friday, December 5th. The shares were sold at an average price of $8.90, for a total value of $39,613.90. Following the sale, the insider owned 545,549 shares in the company, valued at approximately $4,855,386.10. This represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Harraden Circle Investments, L also recently made the following trade(s):

• On Tuesday, December 9th, Harraden Circle Investments, L sold 133,722 shares of AlphaVest Acquisition stock. The stock was sold at an average price of $14.27, for a total value of $1,908,212.94.
• On Monday, December 8th, Harraden Circle Investments, L sold 82,002 shares of AlphaVest Acquisition stock. The shares were sold at an average price of $13.86, for a total value of $1,136,547.72.

AlphaVest Acquisition Trading Up 31.4%

NASDAQ ATMV opened at $10.30 on Wednesday. AlphaVest Acquisition Corp. has a one year low of $5.43 and a one year high of $42.00. The stock has a 50-day moving average of $8.89 and a 200 day moving average of $11.23.

AlphaVest Acquisition (NASDAQ:ATMV) last posted its earnings results on Wednesday, November 19th. The company reported ($0.73) earnings per share (EPS) for the quarter. The business had revenue of $0.17 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of AlphaVest Acquisition in a report on Monday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Hedge Funds Weigh In On AlphaVest Acquisition

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Clear Street LLC grew its position in AlphaVest Acquisition by 96.1% during the second quarter. Clear Street LLC now owns 21,671 shares of the company’s stock valued at $255,000 after buying an additional 10,620 shares during the period. Quarry LP bought a new position in AlphaVest Acquisition in the 1st quarter valued at $568,000. Harraden Circle Investments LLC purchased a new stake in AlphaVest Acquisition in the third quarter worth $762,000. Clear Street Group Inc. purchased a new stake in shares of AlphaVest Acquisition during the third quarter valued at $1,842,000. Finally, Berkley W R Corp grew its holdings in shares of AlphaVest Acquisition by 23.7% in the second quarter. Berkley W R Corp now owns 233,745 shares of the company’s stock worth $2,749,000 after purchasing an additional 44,730 shares during the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

About AlphaVest Acquisition

AlphaVest Acquisition Corp does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2022 and is based in New York, New York.