Clear Street Group Inc. Invests $1.84 Million in AlphaVest Acquisition Corp. $ATMV

Clear Street Group Inc. acquired a new stake in shares of AlphaVest Acquisition Corp. (NASDAQ:ATMV) in the third quarter, HoldingsChannel reports. The firm acquired 143,678 shares of the company’s stock, valued at approximately $1,842,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Berkley W R Corp grew 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 purchasing an additional 44,730 shares during the last quarter. Harraden Circle Investments LLC purchased a new position in AlphaVest Acquisition in the 3rd quarter worth about $762,000. Finally, Clear Street LLC lifted its holdings in AlphaVest Acquisition by 96.1% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of AlphaVest Acquisition in a research note on Monday, December 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

AlphaVest Acquisition Stock Performance

ATMV stock opened at $7.95 on Friday. AlphaVest Acquisition Corp. has a 1-year low of $5.43 and a 1-year high of $42.00. The business has a 50-day moving average price of $6.59 and a 200 day moving average price of $8.95.

AlphaVest Acquisition Company Profile

AlphaVest Acquisition Corp (NASDAQ: ATMV) is a special purpose acquisition company (SPAC) incorporated as a Delaware corporation. The company is a “blank check” issuer formed to raise capital through an initial public offering with the sole purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Having no operating history or ongoing commercial operations prior to a business combination, AlphaVest Acquisition Corp is focused on identifying prospective target companies that align with its investment criteria.