Virtu Financial LLC purchased a new stake in GigCapital7 Corp. (NASDAQ:GIG – Free Report) during the 4th quarter, HoldingsChannel reports. The firm purchased 153,055 shares of the company’s stock, valued at approximately $1,613,000.
A number of other institutional investors have also made changes to their positions in the business. Radcliffe Capital Management L.P. acquired a new position in shares of GigCapital7 during the 2nd quarter worth about $163,000. Cantor Fitzgerald L. P. acquired a new stake in GigCapital7 in the 4th quarter valued at approximately $264,000. Readystate Asset Management LP acquired a new stake in GigCapital7 in the 4th quarter valued at approximately $318,000. Moore Capital Management LP acquired a new stake in GigCapital7 in the 3rd quarter valued at approximately $528,000. Finally, Geode Capital Management LLC bought a new position in GigCapital7 in the 4th quarter worth approximately $562,000.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings lowered GigCapital7 from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.
GigCapital7 Price Performance
Shares of GigCapital7 stock opened at $5.00 on Friday. The company has a market cap of $166.82 million, a PE ratio of 62.57 and a beta of 0.04. The firm has a fifty day moving average price of $7.00 and a two-hundred day moving average price of $9.33. GigCapital7 Corp. has a fifty-two week low of $4.17 and a fifty-two week high of $12.50.
GigCapital7 (NASDAQ:GIG – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.02 earnings per share (EPS) for the quarter.
GigCapital7 Profile
GigCapital7, Inc (NASDAQ: GIG) is a special purpose acquisition company incorporated in Delaware in 2021. As a blank check corporation, it was formed solely to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company completed its initial public offering in March 2021.
GigCapital7 has not generated revenue from operations and currently holds its offering proceeds in trust while it evaluates potential targets.
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