Insider Buying: Agora (NASDAQ:API) CEO Buys $36,458.60 in Stock

Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao purchased 8,420 shares of Agora stock in a transaction on Wednesday, November 11th. The stock was bought at an average cost of $4.33 per share, with a total value of $36,458.60. Following the transaction, the chief executive officer directly owned 2,328,693 shares of the company’s stock, valued at approximately $10,083,240.69. The trade was a 0.36% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • On Tuesday, November 10th, Bin Zhao purchased 9,260 shares of Agora stock. The shares were bought at an average price of $4.30 per share, with a total value of $39,818.00.
  • On Monday, November 9th, Bin Zhao acquired 9,464 shares of Agora stock. The shares were bought at an average cost of $4.29 per share, for a total transaction of $40,600.56.
  • On Friday, November 6th, Bin Zhao acquired 8,966 shares of Agora stock. The shares were bought at an average cost of $4.20 per share, for a total transaction of $37,657.20.
  • On Thursday, November 5th, Bin Zhao acquired 9,699 shares of Agora stock. The stock was bought at an average cost of $4.33 per share, for a total transaction of $41,996.67.
  • On Tuesday, November 3rd, Bin Zhao acquired 10,000 shares of Agora stock. The stock was bought at an average cost of $4.16 per share, for a total transaction of $41,600.00.
  • On Monday, November 2nd, Bin Zhao bought 9,478 shares of Agora stock. The stock was bought at an average price of $4.37 per share, with a total value of $41,418.86.
  • On Friday, October 30th, Bin Zhao bought 9,095 shares of Agora stock. The stock was bought at an average price of $4.38 per share, with a total value of $39,836.10.
  • On Thursday, October 29th, Bin Zhao bought 9,429 shares of Agora stock. The shares were bought 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 bought at an average price of $4.47 per share, for a total transaction of $42,684.03.
  • On Tuesday, October 27th, Bin Zhao purchased 3,000 shares of Agora stock. The shares were bought at an average price of $4.47 per share, for a total transaction of $13,410.00.

Agora Stock Performance

Shares of NASDAQ:API traded down $0.13 during 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 52 week low of $3.14 and a 52 week high of $5.49. The firm has a market capitalization of $345.79 million, a price-to-earnings ratio of 36.00 and a beta of 0.88. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $4.23 and a two-hundred day simple moving average of $4.14.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. AXQ Capital LP bought a new stake in shares of Agora in the second quarter valued at approximately $55,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Agora in the second quarter worth $101,000. Headlands Technologies LLC grew 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 worth $195,000 after acquiring an additional 10,021 shares during the last quarter. Marshall Wace LLP bought a new position in Agora during the third quarter worth $921,000. Finally, Allspring Global Investments Holdings LLC increased its position in Agora by 1.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,801,785 shares of the company’s stock worth $7,531,000 after acquiring an additional 18,000 shares during the period. 40.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on API shares. Wall Street Zen downgraded shares of Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Weiss Ratings upgraded shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. Finally, Bank of America upped their price target on shares of Agora from $6.60 to $6.80 and gave the company a “buy” rating in a report on Friday, August 14th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $6.80.

Get Our Latest Stock Report on Agora

Agora Company Profile

(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.

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