JPMorgan Chase & Co. Cuts Stake in Texas Ventures Acquisition III Corp $TVA

JPMorgan Chase & Co. reduced its stake in shares of Texas Ventures Acquisition III Corp (NASDAQ:TVA) by 48.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,792 shares of the company’s stock after selling 138,659 shares during the quarter. JPMorgan Chase & Co.’s holdings in Texas Ventures Acquisition III were worth $1,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Texas Ventures Acquisition III Price Performance

NASDAQ TVA opened at $10.37 on Thursday. Texas Ventures Acquisition III Corp has a one year low of $9.98 and a one year high of $12.27. The firm’s 50 day moving average price is $10.50.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Texas Ventures Acquisition III in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Insider Activity at Texas Ventures Acquisition III

In other news, Director Mark Angelo bought 737,691 shares of the stock in a transaction dated Thursday, February 5th. The stock was purchased at an average cost of $10.80 per share, for a total transaction of $7,967,062.80. Following the transaction, the director owned 925,000 shares of the company’s stock, valued at $9,990,000. The trade was a 393.84% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Texas Ventures Acquisition III 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.