Insider Buying: Agora (NASDAQ:API) CEO Buys $41,418.86 in Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao acquired 9,478 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were bought at an average cost of $4.37 per share, for a total transaction of $41,418.86. Following the acquisition, the chief executive officer owned 2,262,884 shares of the company’s stock, valued at $9,888,803.08. This represents a 0.42% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, November 3rd, Bin Zhao purchased 10,000 shares of Agora stock. The stock was acquired at an average price of $4.16 per share, for a total transaction of $41,600.00.
• On Friday, October 30th, Bin Zhao purchased 9,095 shares of Agora stock. The stock was acquired at an average cost of $4.38 per share, with a total value of $39,836.10.
• On Thursday, October 29th, Bin Zhao acquired 9,429 shares of Agora stock. The shares were bought at an average price of $4.45 per share, for a total transaction of $41,959.05.
• On Wednesday, October 28th, Bin Zhao bought 9,549 shares of Agora stock. The stock was acquired at an average cost of $4.47 per share, with a total value of $42,684.03.
• On Tuesday, October 27th, Bin Zhao bought 3,000 shares of Agora stock. The stock was bought at an average price of $4.47 per share, with a total value of $13,410.00.
• On Monday, October 26th, Bin Zhao purchased 7,692 shares of Agora stock. The shares were purchased at an average cost of $4.47 per share, for a total transaction of $34,383.24.
• On Friday, October 23rd, Bin Zhao acquired 9,906 shares of Agora stock. The shares were purchased at an average price of $4.42 per share, with a total value of $43,784.52.
• On Monday, October 19th, Bin Zhao purchased 9,971 shares of Agora stock. The shares were acquired at an average price of $4.39 per share, with a total value of $43,772.69.
• On Thursday, October 22nd, Bin Zhao acquired 8,989 shares of Agora stock. The shares were purchased at an average price of $4.40 per share, for a total transaction of $39,551.60.
• On Wednesday, October 21st, Bin Zhao bought 9,513 shares of Agora stock. The stock was purchased at an average cost of $4.46 per share, with a total value of $42,427.98.

Agora Trading Down 0.7%

Shares of API stock opened at $4.20 on Friday. The stock has a market capitalization of $366.74 million, a price-to-earnings ratio of 38.19 and a beta of 0.88. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.18. Agora, Inc. Sponsored ADR has a 12-month low of $3.14 and a 12-month high of $5.49. The stock’s 50-day moving average price is $4.23 and its 200-day moving average price is $4.15.

Agora (NASDAQ:API) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.22. Agora had a net margin of 7.23% and a return on equity of 1.96%. The firm had revenue of $40.42 million during the quarter, compared to analyst estimates of $40.44 million. Equities research analysts predict that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Agora during the second quarter worth $101,000. Allspring Global Investments Holdings LLC grew its holdings in Agora by 1.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,801,785 shares of the company’s stock valued at $7,531,000 after buying an additional 18,000 shares in the last quarter. AXQ Capital LP bought a new stake in Agora during the 2nd quarter worth $55,000. Finally, Headlands Technologies LLC raised its stake in Agora by 25.8% during the 2nd quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock worth $195,000 after buying an additional 10,021 shares during the period. Institutional investors and hedge funds own 40.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on API. Wall Street Zen lowered shares of Agora from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. 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. Finally, Weiss Ratings raised shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $6.80.

About Agora

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.