167,563 Shares in Veea Inc. (NASDAQ:VEEA) Purchased by Geode Capital Management LLC

Geode Capital Management LLC purchased a new position in shares of Veea Inc. (NASDAQ:VEEA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 167,563 shares of the company's stock, valued at approximately $638,000. Geode Capital Management LLC owned about 0.47% of Veea at the end of the most recent reporting period.

Separately, Virtu Financial LLC acquired a new position in shares of Veea in the third quarter valued at approximately $100,000. Hedge funds and other institutional investors own 25.88% of the company's stock.

Veea Stock Performance

Shares of NASDAQ VEEA remained flat at $1.50 during mid-day trading on Thursday. The stock had a trading volume of 1,249 shares, compared to its average volume of 27,160. Veea Inc. has a twelve month low of $1.33 and a twelve month high of $18.56. The business's fifty day moving average price is $1.60 and its 200-day moving average price is $2.64.

Veea Profile

Veea Inc provides computing, multiaccess multiprotocol communications, edge storage, and cybersecurity solutions. The company offers multiaccess edge computing (MEC) platform that redefines connectivity and computing at the edge by integrating functions of servers, network attached storage (NAS), routers, firewalls, Wi-Fi Access Points, IoT gateways, and 4G and 5G connections; and Veea Edge Platform enables direct connections from the optical fiber, cellular, and satellite networks.