Allspring Global Investments Holdings LLC trimmed its position in shares of Agora, Inc. Sponsored ADR (NASDAQ:API - Free Report) by 9.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,251,581 shares of the company's stock after selling 226,028 shares during the period. Allspring Global Investments Holdings LLC owned about 2.44% of Agora worth $9,051,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the company. Rhumbline Advisers lifted its stake in Agora by 1,988.6% in the fourth quarter. Rhumbline Advisers now owns 7,310 shares of the company's stock worth $30,000 after purchasing an additional 6,960 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in shares of Agora in the 4th quarter worth about $12,459,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Agora by 3,671.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 444,795 shares of the company's stock valued at $1,850,000 after purchasing an additional 433,001 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Agora during the fourth quarter valued at about $155,000. Finally, American Century Companies Inc. raised its stake in Agora by 159.5% in the fourth quarter. American Century Companies Inc. now owns 119,168 shares of the company's stock worth $496,000 after buying an additional 73,243 shares in the last quarter. Institutional investors own 40.40% of the company's stock.
Agora Stock Up 1.9%
Agora stock traded up $0.07 during trading hours on Monday, hitting $3.74. 235,994 shares of the stock traded hands, compared to its average volume of 798,614. Agora, Inc. Sponsored ADR has a one year low of $1.65 and a one year high of $6.99. The firm's 50-day moving average price is $3.63 and its two-hundred day moving average price is $4.29. The company has a current ratio of 3.51, a quick ratio of 3.51 and a debt-to-equity ratio of 0.10. The company has a market cap of $349.05 million, a PE ratio of -10.39, a PEG ratio of 2.31 and a beta of 0.58.
About Agora
(
Free Report)
Agora, Inc operates in real-time engagement technology business in the People's Republic of China, the United States, and internationally. The company offers real-time engagement platform-as-a-services providing developers with application programming interfaces to embed real-time voice, video, interactive live-streaming, chat, whiteboard, and artificial intelligence capabilities into their applications.
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