Allspring Global Investments Holdings LLC Has $9.05 Million Stock Position in Agora, Inc. Sponsored ADR (NASDAQ:API)

Allspring Global Investments Holdings LLC cut its holdings in shares of Agora, Inc. Sponsored ADR (NASDAQ:API) by 9.1% in the first quarter, HoldingsChannel reports. The fund owned 2,251,581 shares of the company’s stock after selling 226,028 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Agora were worth $9,051,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Rhumbline Advisers lifted its position in shares of 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 in the last quarter. QRG Capital Management Inc. acquired a new position in Agora in the 1st quarter valued at approximately $43,000. Jane Street Group LLC purchased a new stake in Agora in the 4th quarter worth approximately $53,000. EntryPoint Capital LLC acquired a new stake in shares of Agora during the 4th quarter valued at $69,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Agora during the 4th quarter valued at $71,000. 40.40% of the stock is currently owned by institutional investors and hedge funds.

Agora Trading Down 0.8%

NASDAQ API opened at $3.67 on Friday. The company has a current ratio of 3.51, a quick ratio of 3.51 and a debt-to-equity ratio of 0.10. Agora, Inc. Sponsored ADR has a 1-year low of $1.65 and a 1-year high of $6.99. The firm’s fifty day simple moving average is $3.63 and its 200-day simple moving average is $4.29. The company has a market capitalization of $342.52 million, a PE ratio of -10.19, a price-to-earnings-growth ratio of 2.31 and a beta of 0.58.

Agora Profile

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.