JPMorgan Chase & Co. Trims Holdings in Texas Ventures Acquisition III Corp $TVA

Key Points

• JPMorgan Chase & Co. cut its stake in Texas Ventures Acquisition III by 48.1% in Q3, selling 138,659 shares and finishing the quarter with 149,792 shares (about 0.56% of the company) valued at $1.604 million.
• Director Mark Angelo bought 737,691 shares at $10.80 on Feb. 5, boosting his holdings to 925,000 shares—a 393.84% increase—valued at roughly $9.99 million.
• Analysts rate TVA a Sell (Weiss Ratings reissued a "sell (e+)"); the stock was trading around $10.37 with a 1‑year range of $9.98–$12.27 and a 50‑day SMA of $10.50.

JPMorgan Chase & Co. trimmed its position in Texas Ventures Acquisition III Corp (NASDAQ:TVA - Free Report) by 48.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,792 shares of the company's stock after selling 138,659 shares during the quarter. JPMorgan Chase & Co. owned about 0.56% of Texas Ventures Acquisition III worth $1,604,000 at the end of the most recent quarter.

Texas Ventures Acquisition III Price Performance

TVA stock opened at $10.37 on Thursday. Texas Ventures Acquisition III Corp has a 1-year low of $9.98 and a 1-year high of $12.27. The business has a 50 day simple moving average of $10.50.

Insider Transactions at Texas Ventures Acquisition III

In related news, Director Mark Angelo acquired 737,691 shares of the business's stock in a transaction on Thursday, February 5th. The stock was acquired at an average cost of $10.80 per share, with a total value of $7,967,062.80. Following the acquisition, the director directly owned 925,000 shares in the company, valued at $9,990,000. This represents a 393.84% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Texas Ventures Acquisition III in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of "Sell".

Texas Ventures Acquisition III Profile

Texas Ventures Acquisition III NASDAQ: TVA is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank‑check company, its principal business purpose is to raise capital in the public markets and use those proceeds to identify, negotiate and consummate one or more business combinations with an operating company.

Unlike an operating company, Texas Ventures Acquisition III does not produce goods or services while it searches for a target. Its activities typically include managing the capital held in trust, conducting diligence on prospective acquisition candidates, negotiating transaction terms, and seeking shareholder and regulatory approvals required to complete a business combination.

Pending completion of a business combination, the company's prospects and ultimate strategy are driven by its management and sponsors; specific target industries, geographies and leadership details are disclosed through the company's public filings and press releases as opportunities develop.

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