Key Points
- Harraden Circle Investments sold large stakes in AlphaVest—including 82,002 shares on Dec. 8 at $13.86 (≈$1.14M) and additional sales of 133,722 and 4,451 shares on Dec. 9 and Dec. 5—totaling about $3.08M and reducing its direct ownership by 15.03% to 463,547 shares.
- AlphaVest (NASDAQ:ATMV) reported a quarterly loss of $0.73 per share on $0.17M revenue; the stock trades near $10.30 (50-day MA $8.89, 200-day MA $11.23) and carries an average "Sell" analyst rating from Weiss and MarketBeat data.
AlphaVest Acquisition Corp. (NASDAQ:ATMV - Get Free Report) major shareholder Harraden Circle Investments, L sold 4,451 shares of the firm's stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $8.90, for a total transaction of $39,613.90. Following the transaction, the insider directly owned 545,549 shares in the company, valued at $4,855,386.10. This trade represents a 0.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Harraden Circle Investments, L also recently made the following trade(s):
- On Tuesday, December 9th, Harraden Circle Investments, L sold 133,722 shares of AlphaVest Acquisition stock. The stock was sold at an average price of $14.27, for a total transaction of $1,908,212.94.
- On Monday, December 8th, Harraden Circle Investments, L sold 82,002 shares of AlphaVest Acquisition stock. The shares were sold at an average price of $13.86, for a total transaction of $1,136,547.72.
AlphaVest Acquisition Price Performance
Shares of ATMV stock opened at $10.30 on Wednesday. AlphaVest Acquisition Corp. has a 52-week low of $5.43 and a 52-week high of $42.00. The company's 50 day moving average is $8.89 and its 200 day moving average is $11.23.
AlphaVest Acquisition (NASDAQ:ATMV - Get Free Report) last posted its earnings results on Wednesday, November 19th. The company reported ($0.73) earnings per share for the quarter. The business had revenue of $0.17 million during the quarter.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in ATMV. Clear Street LLC raised its stake in AlphaVest Acquisition by 96.1% in the second quarter. Clear Street LLC now owns 21,671 shares of the company's stock valued at $255,000 after buying an additional 10,620 shares during the last quarter. Quarry LP acquired a new stake in AlphaVest Acquisition in the 1st quarter worth approximately $568,000. Harraden Circle Investments LLC purchased a new stake in AlphaVest Acquisition during the 3rd quarter worth approximately $762,000. Clear Street Group Inc. acquired a new position in AlphaVest Acquisition during the 3rd quarter valued at approximately $1,842,000. Finally, Berkley W R Corp raised its holdings in shares of AlphaVest Acquisition by 23.7% in the second quarter. Berkley W R Corp now owns 233,745 shares of the company's stock worth $2,749,000 after buying an additional 44,730 shares during the last quarter. 46.08% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of AlphaVest Acquisition in a research report on Monday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Sell".
Read Our Latest Stock Report on ATMV
AlphaVest Acquisition Company Profile
(
Get Free Report)
AlphaVest Acquisition Corp does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2022 and is based in New York, New York.
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