960,000 Shares in Apex Technology Acquisition Co. $APXT Purchased by Lineage Point Capital LP

Lineage Point Capital LP acquired a new stake in Apex Technology Acquisition Co. (NASDAQ:APXT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 960,000 shares of the company’s stock, valued at approximately $9,494,000. Apex Technology Acquisition accounts for about 3.6% of Lineage Point Capital LP’s investment portfolio, making the stock its 2nd largest holding. Lineage Point Capital LP owned about 2.15% of Apex Technology Acquisition as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in APXT. Bulldog Investors LLP acquired a new position in Apex Technology Acquisition during the 4th quarter worth approximately $425,000. Gritstone Asset Management LLC acquired a new position in Apex Technology Acquisition during the fourth quarter worth $494,000. Schonfeld Strategic Advisors LLC acquired a new position in Apex Technology Acquisition during the fourth quarter worth $494,000. Sculptor Capital LP purchased a new position in Apex Technology Acquisition in the fourth quarter worth $522,000. Finally, Boothbay Fund Management LLC purchased a new position in Apex Technology Acquisition in the fourth quarter worth $865,000. Hedge funds and other institutional investors own 6.01% of the company’s stock.

Apex Technology Acquisition Stock Performance

Shares of APXT opened at $10.06 on Friday. The firm’s 50-day moving average is $10.01 and its two-hundred day moving average is $9.96. Apex Technology Acquisition Co. has a twelve month low of $9.87 and a twelve month high of $10.06.

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

Analyst Ratings Changes

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