Radcliffe Capital Management L.P. Purchases New Position in Apex Technology Acquisition Co. $APXT

Radcliffe Capital Management L.P. purchased a new stake in shares of Apex Technology Acquisition Co. (NASDAQ:APXT) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 675,000 shares of the company’s stock, valued at approximately $6,676,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bulldog Investors LLP purchased a new stake in shares of Apex Technology Acquisition in the fourth quarter worth approximately $425,000. Gritstone Asset Management LLC purchased a new position in shares of Apex Technology Acquisition during the fourth quarter valued at approximately $494,000. Sculptor Capital LP purchased a new position in shares of Apex Technology Acquisition during the fourth quarter valued at approximately $522,000. Mint Tower Capital Management B.V. bought a new stake in Apex Technology Acquisition during the fourth quarter worth $989,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Apex Technology Acquisition during the fourth quarter worth $989,000. 6.01% of the stock is owned by institutional investors.

Apex Technology Acquisition Stock Performance

Apex Technology Acquisition stock opened at $10.05 on Wednesday. Apex Technology Acquisition Co. has a fifty-two week low of $9.87 and a fifty-two week high of $10.06. The firm’s 50-day simple moving average is $10.01 and its 200 day simple moving average is $9.96.

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

Analyst Upgrades and Downgrades

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

About Apex Technology Acquisition

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.