Context Capital Management LLC Has $6.32 Million Stock Position in Plum Acquisition Corp. IV $PLMK

Context Capital Management LLC lowered its stake in shares of Plum Acquisition Corp. IV (NASDAQ:PLMK) by 14.6% during the first quarter, HoldingsChannel reports. The fund owned 597,999 shares of the company’s stock after selling 102,001 shares during the quarter. Context Capital Management LLC’s holdings in Plum Acquisition Corp. IV were worth $6,315,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of PLMK. Glazer Capital LLC boosted its holdings in Plum Acquisition Corp. IV by 1.7% in the 4th quarter. Glazer Capital LLC now owns 783,339 shares of the company’s stock valued at $8,170,000 after purchasing an additional 13,107 shares during the period. ABC Arbitrage SA bought a new position in shares of Plum Acquisition Corp. IV during the 4th quarter worth about $157,000. Radcliffe Capital Management L.P. increased its holdings in shares of Plum Acquisition Corp. IV by 5.6% during the 4th quarter. Radcliffe Capital Management L.P. now owns 449,055 shares of the company’s stock worth $4,693,000 after purchasing an additional 23,725 shares during the period. Crossingbridge Advisors LLC acquired a new position in shares of Plum Acquisition Corp. IV during the fourth quarter valued at about $262,000. Finally, Virtu Financial LLC acquired a new position in shares of Plum Acquisition Corp. IV during the fourth quarter valued at about $352,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Plum Acquisition Corp. IV in a research note on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Plum Acquisition Corp. IV Stock Performance

PLMK opened at $10.59 on Monday. Plum Acquisition Corp. IV has a 1 year low of $10.27 and a 1 year high of $12.00. The stock’s 50 day simple moving average is $10.65 and its 200-day simple moving average is $10.57.

Plum Acquisition Corp. IV (NASDAQ:PLMK) last issued its earnings results on Friday, May 15th. The company reported $0.05 EPS for the quarter.

Plum Acquisition Corp. IV Profile

Plum Acquisition Corp. IV is a special purpose acquisition company incorporated in the Cayman Islands. Trading on the Nasdaq under the ticker PLMK, the company has no operating history and was formed for the purpose of effecting one or more business combinations, such as a merger, capital stock exchange, asset acquisition or similar transaction.

The company completed its initial public offering, raising capital through the sale of units comprised of ordinary shares and warrants. The net proceeds of the offering are held in a trust account, pending the identification and consummation of a suitable business combination within the prescribed timeframe, generally 24 months from the closing date of the offering.

Although Plum Acquisition Corp.