Healthcare of Ontario Pension Plan Trust Fund Buys Shares of 850,000 Apex Technology Acquisition Co. $APXT

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Apex Technology Acquisition Co. (NASDAQ:APXT) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 850,000 shares of the company’s stock, valued at approximately $8,492,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Meteora Capital LLC acquired a new stake in shares of Apex Technology Acquisition in the fourth quarter valued at approximately $27,093,000. Adage Capital Partners GP L.L.C. acquired a new position in shares of Apex Technology Acquisition during the 4th quarter worth approximately $22,252,000. Hudson Bay Capital Management LP purchased a new stake in Apex Technology Acquisition in the 4th quarter valued at approximately $11,508,000. HighTower Advisors LLC purchased a new stake in Apex Technology Acquisition in the 4th quarter valued at approximately $11,272,000. Finally, Wolverine Asset Management LLC acquired a new stake in Apex Technology Acquisition during the 4th quarter valued at $11,246,000. Hedge funds and other institutional investors own 6.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on APXT shares. Weiss Ratings started coverage on Apex Technology Acquisition in a research report on Tuesday, May 26th. They set a “sell (e+)” rating for the company. Wall Street Zen upgraded Apex Technology Acquisition to a “hold” rating in a research report on Saturday, June 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Apex Technology Acquisition presently has a consensus rating of “Sell”.

Apex Technology Acquisition Price Performance

NASDAQ:APXT opened at $10.12 on Wednesday. The firm has a 50 day simple moving average of $10.06 and a 200-day simple moving average of $10.00. Apex Technology Acquisition Co. has a 1-year low of $9.87 and a 1-year high of $10.19.

Apex Technology Acquisition (NASDAQ:APXT) last announced its earnings results on Thursday, March 26th. The company reported $0.09 earnings per share (EPS) for the quarter.

Apex Technology Acquisition Profile

Apex Technology Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the software and internet technology industries. The company was incorporated in 2019 and is based in Burlingame, California. Apex Technology Acquisition Corporation is a subsidiary of Apex Technology Sponsor LLC.