Agora (NASDAQ:API) Stock: Insider Bin Zhao Buys 7,692 Shares

Agora, Inc. Sponsored ADR (NASDAQ:API - Get Free Report) CEO Bin Zhao bought 7,692 shares of the firm's stock in a transaction that occurred on Monday, October 26th. The shares were acquired at an average price of $4.47 per share, with a total value of $34,383.24. Following the acquisition, the chief executive officer owned 2,222,333 shares of the company's stock, valued at $9,933,828.51. This represents a 0.35% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Bin Zhao also recently made the following trade(s):

• On Friday, October 23rd, Bin Zhao purchased 9,906 shares of Agora stock. The shares were purchased at an average price of $4.42 per share, for a total transaction of $43,784.52.
• On Monday, October 19th, Bin Zhao purchased 9,971 shares of Agora stock. The stock was acquired at an average price of $4.39 per share, with a total value of $43,772.69.
• On Thursday, October 22nd, Bin Zhao bought 8,989 shares of Agora stock. The shares were acquired at an average price of $4.40 per share, with a total value of $39,551.60.
• On Wednesday, October 21st, Bin Zhao purchased 9,513 shares of Agora stock. The shares were bought at an average price of $4.46 per share, with a total value of $42,427.98.
• On Tuesday, October 20th, Bin Zhao bought 9,794 shares of Agora stock. The stock was purchased at an average cost of $4.36 per share, with a total value of $42,701.84.
• On Friday, October 16th, Bin Zhao acquired 8,800 shares of Agora stock. The stock was purchased at an average price of $4.43 per share, with a total value of $38,984.00.
• On Thursday, October 15th, Bin Zhao purchased 8,545 shares of Agora stock. The shares were acquired at an average cost of $4.45 per share, for a total transaction of $38,025.25.
• On Monday, October 12th, Bin Zhao purchased 8,937 shares of Agora stock. The shares were acquired at an average cost of $4.11 per share, for a total transaction of $36,731.07.
• On Wednesday, October 14th, Bin Zhao acquired 9,757 shares of Agora stock. The shares were acquired at an average cost of $4.30 per share, for a total transaction of $41,955.10.
• On Tuesday, October 13th, Bin Zhao acquired 5,438 shares of Agora stock. The shares were acquired at an average cost of $4.20 per share, for a total transaction of $22,839.60.

Agora Trading Up 0.2%

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NASDAQ API opened at $4.49 on Wednesday. The stock has a 50-day moving average of $4.22 and a 200 day moving average of $4.16. Agora, Inc. Sponsored ADR has a one year low of $3.14 and a one year high of $5.49.

Agora (NASDAQ:API - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.22. The company had revenue of $40.42 million for the quarter, compared to analysts' expectations of $40.44 million. Analysts anticipate that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on API. Weiss Ratings upgraded Agora from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, October 9th. Wall Street Zen cut shares of Agora from a "buy" rating to a "hold" rating in a research note on Sunday, August 16th. Finally, Bank of America lifted their price objective on Agora from $6.60 to $6.80 and gave the stock a "buy" rating in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Agora has an average rating of "Hold" and an average price target of $6.80.

Get Our Latest Analysis on API

Hedge Funds Weigh In On Agora

Several hedge funds have recently bought and sold shares of API. AXQ Capital LP bought a new stake in Agora during the 2nd quarter valued at about $55,000. Headlands Technologies LLC boosted its holdings in Agora by 25.8% in the second quarter. Headlands Technologies LLC now owns 48,795 shares of the company's stock worth $195,000 after acquiring an additional 10,021 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Agora in the 2nd quarter worth $101,000. Institutional investors own 40.40% of the company's stock.

Agora Company Profile

(Get Free Report)

Agora, Inc (NASDAQ: API) is a technology company that provides real-time engagement software and infrastructure. Its platform enables developers and businesses to add voice, video, interactive live streaming, messaging, and other real-time communication features to websites and mobile applications.

The company offers software development kits and application programming interfaces for services such as real-time communications, interactive broadcasting, in-app chat, signaling, and related engagement tools.

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