Cantor Equity Partners (NASDAQ:CEPO) Major Shareholder Sells $2,607,500.00 in Stock

Cantor Equity Partners, Inc. (NASDAQ:CEPO) major shareholder Harraden Circle Investments, L sold 250,000 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $10.43, for a total value of $2,607,500.00. Following the completion of the transaction, the insider owned 2,048,679 shares of the company’s stock, valued at $21,367,721.97. The trade was a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Cantor Equity Partners Stock Performance

Shares of NASDAQ CEPO traded down $0.01 during midday trading on Monday, hitting $10.43. The company’s stock had a trading volume of 319,133 shares, compared to its average volume of 367,252. Cantor Equity Partners, Inc. has a 1-year low of $10.04 and a 1-year high of $16.50. The firm has a market cap of $265.97 million and a P/E ratio of 86.92. The firm’s fifty day moving average price is $10.47 and its 200-day moving average price is $11.30.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cantor Equity Partners in a report on Tuesday, October 14th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Cantor Equity Partners currently has an average rating of “Sell”.

Institutional Trading of Cantor Equity Partners

Several hedge funds have recently modified their holdings of CEPO. BCK Capital Management LP purchased a new position in shares of Cantor Equity Partners in the third quarter worth about $1,261,000. Readystate Asset Management LP purchased a new stake in shares of Cantor Equity Partners during the third quarter worth approximately $318,000. Cannon Global Investment Management LLC boosted its holdings in Cantor Equity Partners by 62.7% in the third quarter. Cannon Global Investment Management LLC now owns 89,800 shares of the company’s stock valued at $939,000 after purchasing an additional 34,600 shares in the last quarter. Tuttle Capital Management LLC acquired a new stake in shares of Cantor Equity Partners during the third quarter worth about $419,000. Finally, Whalen Wealth Management Inc. purchased a new stake in shares of Cantor Equity Partners in the third quarter valued at about $140,000.

Cantor Equity Partners Company Profile

Cantor Equity Partners I, Inc is a blank check company. It was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on November 11, 2020 and is headquartered in New York, NY.