Insider Buying: Agora (NASDAQ:API) CEO Purchases $37,257.15 in Stock

Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao purchased 9,065 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The stock was bought at an average price of $4.11 per share, for a total transaction of $37,257.15. Following the purchase, the chief executive officer owned 2,080,411 shares in the company, valued at $8,550,489.21. The trade was a 0.44% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

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

  • On Monday, October 12th, Bin Zhao purchased 8,937 shares of Agora stock. The stock was bought at an average cost 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 shares were bought at an average price of $4.30 per share, with a total value of $41,955.10.
  • On Tuesday, October 13th, Bin Zhao acquired 5,438 shares of Agora stock. The shares were bought at an average price of $4.20 per share, with a total value of $22,839.60.
  • On Friday, October 9th, Bin Zhao acquired 5,301 shares of Agora stock. The shares were purchased at an average price of $4.08 per share, with a total value of $21,628.08.
  • On Thursday, October 8th, Bin Zhao acquired 9,956 shares of Agora stock. The shares were purchased 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 stock was purchased at an average cost of $4.13 per share, for a total transaction of $40,626.81.
  • On Tuesday, October 6th, Bin Zhao bought 9,773 shares of Agora stock. The shares were purchased at an average price of $4.19 per share, for a total transaction of $40,948.87.
  • On Monday, October 5th, Bin Zhao purchased 9,713 shares of Agora stock. The shares were purchased at an average cost of $4.18 per share, with a total value of $40,600.34.
  • On Thursday, October 1st, Bin Zhao purchased 9,300 shares of Agora stock. The stock was purchased at an average price of $4.13 per share, with a total value of $38,409.00.
  • On Wednesday, September 30th, Bin Zhao purchased 9,633 shares of Agora stock. The stock was purchased at an average price of $4.18 per share, with a total value of $40,265.94.

Agora Stock Performance

Shares of NASDAQ API opened at $4.50 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.11 and a quick ratio of 5.11. The stock’s fifty day moving average price is $4.23 and its two-hundred day moving average price is $4.09. Agora, Inc. Sponsored ADR has a one year low of $3.14 and a one year high of $5.49. The firm has a market cap of $392.94 million, a price-to-earnings ratio of 40.91 and a beta of 0.75.

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

Analyst Upgrades and Downgrades

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

View Our Latest Research Report on API

Institutional Investors Weigh In On Agora

A number of hedge funds and other institutional investors have recently made changes to their positions in API. Headlands Technologies LLC boosted its stake in shares of Agora by 25.8% in the second quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock valued at $195,000 after buying an additional 10,021 shares during the period. AXQ Capital LP acquired a new stake in Agora during the second quarter worth approximately $55,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Agora during the second quarter worth approximately $101,000. 40.40% of the stock is currently owned by institutional investors and hedge funds.

About Agora

(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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