Agora (NASDAQ:API) Stock: Insider Bin Zhao Acquires 9,464 Shares

Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao acquired 9,464 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The shares were purchased at an average cost of $4.29 per share, for a total transaction of $40,600.56. Following the completion of the transaction, the chief executive officer directly owned 2,311,013 shares in the company, valued at $9,914,245.77. The trade was a 0.41% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Wednesday, November 11th, Bin Zhao acquired 8,420 shares of Agora stock. The shares were purchased at an average price of $4.33 per share, with a total value of $36,458.60.
  • On Tuesday, November 10th, Bin Zhao acquired 9,260 shares of Agora stock. The shares were purchased at an average price of $4.30 per share, with a total value of $39,818.00.
  • On Friday, November 6th, Bin Zhao bought 8,966 shares of Agora stock. The stock was purchased at an average cost of $4.20 per share, with a total value of $37,657.20.
  • On Thursday, November 5th, Bin Zhao bought 9,699 shares of Agora stock. The stock was purchased at an average price of $4.33 per share, for a total transaction of $41,996.67.
  • On Tuesday, November 3rd, Bin Zhao bought 10,000 shares of Agora stock. The stock was purchased at an average price of $4.16 per share, for a total transaction of $41,600.00.
  • On Monday, November 2nd, Bin Zhao purchased 9,478 shares of Agora stock. The shares were purchased at an average price of $4.37 per share, for a total transaction of $41,418.86.
  • On Friday, October 30th, Bin Zhao purchased 9,095 shares of Agora stock. The shares were purchased at an average price of $4.38 per share, for a total transaction of $39,836.10.
  • On Thursday, October 29th, Bin Zhao purchased 9,429 shares of Agora stock. The shares were purchased at an average cost of $4.45 per share, with a total value of $41,959.05.
  • On Wednesday, October 28th, Bin Zhao purchased 9,549 shares of Agora stock. The shares were purchased at an average cost of $4.47 per share, with a total value of $42,684.03.
  • On Tuesday, October 27th, Bin Zhao acquired 3,000 shares of Agora stock. The stock was purchased at an average price of $4.47 per share, with a total value of $13,410.00.

Agora Stock Down 3.2%

NASDAQ API traded down $0.13 during mid-day trading on Friday, reaching $3.96. The stock had a trading volume of 151,234 shares, compared to its average volume of 116,409. Agora, Inc. Sponsored ADR has a 1 year low of $3.14 and a 1 year high of $5.49. The stock has a market cap of $345.79 million, a PE ratio of 36.00 and a beta of 0.88. The company has a fifty day moving average price of $4.23 and a 200 day moving average price of $4.14. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.11 and a quick ratio of 5.11.

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

Analysts Set New Price Targets

API has been the topic of a number of research analyst reports. Weiss Ratings raised Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. Wall Street Zen downgraded Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Finally, Bank of America lifted their price objective on Agora from $6.60 to $6.80 and gave the stock a “buy” rating in a report on Friday, August 14th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $6.80.

View Our Latest Report on Agora

Institutional Investors Weigh In On Agora

Several institutional investors and hedge funds have recently added to or reduced their stakes in API. Allspring Global Investments Holdings LLC grew its position in Agora by 1.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,801,785 shares of the company’s stock worth $7,531,000 after purchasing an additional 18,000 shares during the period. Marshall Wace LLP bought a new position in shares of Agora during the 3rd quarter valued at $921,000. Headlands Technologies LLC lifted its holdings in shares of Agora by 25.8% during the 2nd 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. Public Employees Retirement System of Ohio bought a new position in shares of Agora during the 2nd quarter valued at $101,000. Finally, AXQ Capital LP purchased a new position in shares of Agora in the 2nd quarter worth $55,000. Hedge funds and other institutional investors own 40.40% of the company’s stock.

About Agora

(Get Free Report)

Agora, Inc. provides cloud software and developer tools for real-time engagement. Its platform offers application programming interfaces and software development kits that let businesses add voice and video communication, interactive live streaming, messaging and signaling to their applications. The company serves developers and organizations across a range of industries and markets worldwide. Its products are designed to support interactive experiences such as in-app calls, online events and real-time collaboration.

See Also

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

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