Magnetar Financial LLC Invests $8.41 Million in Apex Technology Acquisition Co. $APXT

Magnetar Financial LLC purchased a new position in shares of Apex Technology Acquisition Co. (NASDAQ:APXT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 850,000 shares of the company’s stock, valued at approximately $8,406,000. Magnetar Financial LLC owned approximately 1.91% of Apex Technology Acquisition at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of APXT. Hudson Bay Capital Management LP purchased a new stake in shares of Apex Technology Acquisition during the 4th quarter worth approximately $11,508,000. HighTower Advisors LLC purchased a new stake in shares of Apex Technology Acquisition during the 4th quarter worth approximately $11,272,000. Wolverine Asset Management LLC purchased a new stake in shares of Apex Technology Acquisition during the 4th quarter worth approximately $11,246,000. Glazer Capital LLC purchased a new stake in shares of Apex Technology Acquisition during the 4th quarter worth approximately $10,955,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Apex Technology Acquisition during the 4th quarter worth approximately $9,890,000. Hedge funds and other institutional investors own 6.01% of the company’s stock.

Apex Technology Acquisition Stock Up 0.1%

APXT stock opened at $10.05 on Wednesday. Apex Technology Acquisition Co. has a 1 year low of $9.87 and a 1 year high of $10.06. The stock’s 50 day moving average price is $10.01 and its 200 day moving average price is $9.96.

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

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on Apex Technology Acquisition in a research note on Tuesday, May 26th. They set a “sell (e+)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Apex Technology Acquisition presently 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.