Insider Buying: M3-Brigade Acquisition V (NASDAQ:MBAV) Major Shareholder Buys 3,529,081 Shares of Stock

M3-Brigade Acquisition V Corp. (NASDAQ:MBAV) major shareholder Fitzgerald & Co. Cantor purchased 3,529,081 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were purchased at an average cost of $10.80 per share, for a total transaction of $38,114,074.80. Following the purchase, the insider directly owned 7,779,865 shares of the company’s stock, valued at $84,022,542. This trade represents a 83.02% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

M3-Brigade Acquisition V Price Performance

M3-Brigade Acquisition V stock traded up $0.14 during mid-day trading on Friday, hitting $10.91. The stock had a trading volume of 501,957 shares, compared to its average volume of 336,006. The stock has a 50-day simple moving average of $10.61 and a two-hundred day simple moving average of $10.86. M3-Brigade Acquisition V Corp. has a 12 month low of $10.06 and a 12 month high of $13.73.

Institutional Trading of M3-Brigade Acquisition V

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Prelude Capital Management LLC acquired a new stake in shares of M3-Brigade Acquisition V in the 3rd quarter valued at approximately $281,000. Sandia Investment Management LP bought a new stake in M3-Brigade Acquisition V in the second quarter valued at approximately $334,000. Clear Street LLC raised its holdings in M3-Brigade Acquisition V by 2,280.8% in the second quarter. Clear Street LLC now owns 32,069 shares of the company’s stock worth $362,000 after purchasing an additional 30,722 shares during the period. Tuttle Capital Management LLC acquired a new stake in M3-Brigade Acquisition V in the second quarter worth $437,000. Finally, Levin Capital Strategies L.P. bought a new position in shares of M3-Brigade Acquisition V during the second quarter worth $538,000.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of M3-Brigade Acquisition V in a report on Monday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

About M3-Brigade Acquisition V

M3-Brigade Acquisition V is a special purpose acquisition company (SPAC) sponsored by M3 Inc, a global healthcare information and technology provider, and Brigade Capital Management, an investment management firm. The company is structured as a blank‐check vehicle listed on the Nasdaq Stock Market under the ticker MBAV, with the objective of identifying and completing a business combination in the healthcare, life sciences or related sectors.

The company benefits from the operational expertise of M3’s digital health platform and real‐world data capabilities, combined with Brigade’s deep experience in credit and asset management.