Virtu Financial LLC Lowers Position in Axiom Intelligence Acquisition Corp 1 $AXIN

Virtu Financial LLC cut its holdings in Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) by 71.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 115,342 shares of the company’s stock after selling 286,152 shares during the quarter. Virtu Financial LLC’s holdings in Axiom Intelligence Acquisition Corp 1 were worth $1,161,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Alberta Investment Management Corp bought a new stake in shares of Axiom Intelligence Acquisition Corp 1 in the 4th quarter valued at about $5,035,000. Tudor Investment Corp ET AL purchased a new stake in shares of Axiom Intelligence Acquisition Corp 1 in the 4th quarter worth approximately $1,018,000. Readystate Asset Management LP bought a new position in shares of Axiom Intelligence Acquisition Corp 1 during the fourth quarter valued at approximately $1,762,000. Millennium Management LLC boosted its stake in shares of Axiom Intelligence Acquisition Corp 1 by 94.2% during the fourth quarter. Millennium Management LLC now owns 513,750 shares of the company’s stock valued at $5,168,000 after purchasing an additional 249,250 shares in the last quarter. Finally, Meteora Capital LLC increased its holdings in Axiom Intelligence Acquisition Corp 1 by 59.9% during the fourth quarter. Meteora Capital LLC now owns 538,336 shares of the company’s stock valued at $5,416,000 after buying an additional 201,753 shares during the period.

Axiom Intelligence Acquisition Corp 1 Stock Performance

Shares of AXIN stock opened at $10.36 on Friday. The business’s fifty day simple moving average is $10.26. Axiom Intelligence Acquisition Corp 1 has a 12-month low of $9.93 and a 12-month high of $10.45.

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.06 earnings per share for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Axiom Intelligence Acquisition Corp 1 from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Axiom Intelligence Acquisition Corp 1 has an average rating of “Sell”.

Axiom Intelligence Acquisition Corp 1 Profile

Axiom Intelligence Acquisition Corp 1 (NASDAQ: AXIN) is a special purpose acquisition company (SPAC) listed on the NASDAQ. As a blank‑check company, its primary purpose is to raise capital through a public offering and to identify, negotiate and complete a business combination or similar transaction with one or more operating businesses. The company itself does not conduct traditional operating activities prior to a completed business combination.

Typical activities for a SPAC like Axiom Intelligence Acquisition Corp 1 include sourcing potential acquisition targets, performing due diligence, structuring a merger or acquisition, and providing a vehicle through which private companies can access public markets.