Insider Buying: Agora (NASDAQ:API) CEO Purchases $40,588.56 in Stock

Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao acquired 9,804 shares of the firm’s stock in a transaction that occurred on Monday, September 28th. The stock was purchased at an average cost of $4.14 per share, with a total value of $40,588.56. Following the acquisition, the chief executive officer owned 2,043,049 shares in the company, valued at $8,458,222.86. The trade was a 0.48% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bin Zhao also recently made the following trade(s):

  • On Monday, October 12th, Bin Zhao acquired 8,937 shares of Agora stock. The stock was purchased at an average price of $4.11 per share, for a total transaction of $36,731.07.
  • On Wednesday, October 14th, Bin Zhao acquired 9,757 shares of Agora stock. The stock was purchased at an average price of $4.30 per share, for a total transaction of $41,955.10.
  • On Tuesday, October 13th, Bin Zhao acquired 5,438 shares of Agora stock. The shares were acquired at an average cost of $4.20 per share, for a total transaction of $22,839.60.
  • On Friday, October 9th, Bin Zhao acquired 5,301 shares of Agora stock. The shares were acquired at an average cost of $4.08 per share, for a total transaction of $21,628.08.
  • On Thursday, October 8th, Bin Zhao bought 9,956 shares of Agora stock. The shares were acquired at an average price of $4.06 per share, with a total value of $40,421.36.
  • On Wednesday, October 7th, Bin Zhao bought 9,837 shares of Agora stock. The shares were acquired at an average price of $4.13 per share, with a total value of $40,626.81.
  • On Tuesday, October 6th, Bin Zhao bought 9,773 shares of Agora stock. The stock was acquired at an average price of $4.19 per share, with a total value of $40,948.87.
  • On Monday, October 5th, Bin Zhao purchased 9,713 shares of Agora stock. The stock was acquired at an average cost of $4.18 per share, for a total transaction of $40,600.34.
  • On Friday, October 2nd, Bin Zhao purchased 9,065 shares of Agora stock. The stock was acquired at an average cost of $4.11 per share, for a total transaction of $37,257.15.
  • On Thursday, October 1st, Bin Zhao purchased 9,300 shares of Agora stock. The shares were acquired at an average price of $4.13 per share, for a total transaction of $38,409.00.

Agora Stock Performance

Shares of API stock opened at $4.50 on Friday. The stock has a market capitalization of $392.94 million, a P/E ratio of 40.91 and a beta of 0.75. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.18. The firm’s 50 day moving average is $4.23 and its 200 day moving average is $4.09. Agora, Inc. Sponsored ADR has a 12 month low of $3.14 and a 12 month high of $5.49.

Agora (NASDAQ:API – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.20) by $0.22. Agora had a net margin of 7.23% and a return on equity of 1.96%. The company had revenue of $40.42 million during the quarter, compared to the consensus estimate of $40.44 million. On average, sell-side analysts anticipate that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on API. Weiss Ratings upgraded Agora from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 9th. Bank of America lifted their price target on Agora from $6.60 to $6.80 and gave the company a “buy” rating in a research report on Friday, August 14th. Finally, Wall Street Zen lowered Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Agora currently has an average rating of “Hold” and a consensus target price of $6.80.

View Our Latest Report on API

Institutional Investors Weigh In On Agora

A number of institutional investors and hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Agora in the second quarter worth about $101,000. AXQ Capital LP purchased a new position in Agora during the second quarter valued at approximately $55,000. Finally, Headlands Technologies LLC grew its stake in Agora by 25.8% during the second quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock valued at $195,000 after acquiring an additional 10,021 shares in the last quarter. 40.40% of the stock is owned by hedge funds and other institutional investors.

Agora Company Profile

(Get Free Report)

Agora, Inc (NASDAQ: API) provides real-time engagement technology that enables developers and businesses to add live voice, video, interactive broadcasting and messaging capabilities to applications and digital services. Its platform is delivered primarily through application programming interfaces (APIs) and software development kits (SDKs), allowing customers to integrate communications features without building the underlying infrastructure themselves.

The company’s offerings support use cases such as video conferencing, online education, telehealth, social and interactive entertainment, customer engagement, gaming and virtual events.

Further Reading

Insider Buying and Selling by Quarter for Agora (NASDAQ:API)

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