Texas Ventures Acquisition III (NASDAQ:TVA) Director Acquires $1,310,000.00 in Stock

Texas Ventures Acquisition III Corp (NASDAQ:TVA) Director Mark Angelo acquired 125,000 shares of the stock in a transaction dated Friday, February 27th. The stock was acquired at an average price of $10.48 per share, for a total transaction of $1,310,000.00. Following the completion of the acquisition, the director directly owned 1,050,000 shares of the company’s stock, valued at $11,004,000. The trade was a 13.51% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Texas Ventures Acquisition III Stock Performance

Shares of TVA stock traded down $0.03 during trading on Monday, reaching $10.48. The company’s stock had a trading volume of 15,048 shares, compared to its average volume of 88,920. The business has a fifty day moving average price of $10.48 and a 200-day moving average price of $10.54. Texas Ventures Acquisition III Corp has a one year low of $10.06 and a one year high of $12.27.

Texas Ventures Acquisition III (NASDAQ:TVA) last announced its earnings results on Wednesday, April 15th. The company reported $0.17 EPS for the quarter.

Analysts Set New Price Targets

A number of research firms have recently commented on TVA. Weiss Ratings upgraded shares of Texas Ventures Acquisition III from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. Wall Street Zen downgraded Texas Ventures Acquisition III from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Texas Ventures Acquisition III currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. DLD Asset Management LP lifted its stake in Texas Ventures Acquisition III by 106.9% in the 1st quarter. DLD Asset Management LP now owns 197,072 shares of the company’s stock valued at $2,048,000 after purchasing an additional 101,805 shares during the last quarter. Yorkville Advisors Global LP bought a new stake in Texas Ventures Acquisition III in the first quarter valued at approximately $10,910,000. Lincoln Capital Corp bought a new stake in Texas Ventures Acquisition III in the first quarter valued at approximately $520,000. Praetorian PR LLC acquired a new stake in shares of Texas Ventures Acquisition III in the fourth quarter valued at approximately $2,077,000. Finally, Rivernorth Capital Management LLC boosted its stake in shares of Texas Ventures Acquisition III by 33.6% during the 4th quarter. Rivernorth Capital Management LLC now owns 397,500 shares of the company’s stock worth $4,233,000 after acquiring an additional 100,000 shares during the period.

Texas Ventures Acquisition III Company Profile

Texas Ventures Acquisition III (NASDAQ: TVA) is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank‑check company, its principal business purpose is to raise capital in the public markets and use those proceeds to identify, negotiate and consummate one or more business combinations with an operating company.

Unlike an operating company, Texas Ventures Acquisition III does not produce goods or services while it searches for a target. Its activities typically include managing the capital held in trust, conducting diligence on prospective acquisition candidates, negotiating transaction terms, and seeking shareholder and regulatory approvals required to complete a business combination.

Pending completion of a business combination, the company’s prospects and ultimate strategy are driven by its management and sponsors; specific target industries, geographies and leadership details are disclosed through the company’s public filings and press releases as opportunities develop.