Agora (NASDAQ:API) CEO Bin Zhao Buys 9,525 Shares of Company Stock

by · The Markets Daily

Agora, Inc. Sponsored ADR (NASDAQ:API – Get Free Report) CEO Bin Zhao acquired 9,525 shares of Agora stock in a transaction on Friday, September 25th. The shares were purchased at an average cost of $4.22 per share, with a total value of $40,195.50. Following the completion of the acquisition, the chief executive officer owned 2,033,245 shares of the company’s stock, valued at $8,580,293.90. This trade represents a 0.47% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Friday, October 9th, Bin Zhao bought 5,301 shares of Agora stock. The stock was purchased at an average price of $4.08 per share, for a total transaction of $21,628.08.
  • On Thursday, October 8th, Bin Zhao bought 9,956 shares of Agora stock. The stock was purchased at an average price of $4.06 per share, for a total transaction of $40,421.36.
  • On Wednesday, October 7th, Bin Zhao purchased 9,837 shares of Agora stock. The shares were purchased at an average cost of $4.13 per share, for a total transaction of $40,626.81.
  • On Tuesday, October 6th, Bin Zhao purchased 9,773 shares of Agora stock. The shares were purchased at an average cost of $4.19 per share, for a total transaction of $40,948.87.
  • On Monday, October 5th, Bin Zhao purchased 9,713 shares of Agora stock. The shares were purchased at an average price of $4.18 per share, with a total value of $40,600.34.
  • On Friday, October 2nd, Bin Zhao acquired 9,065 shares of Agora stock. The stock was purchased at an average cost of $4.11 per share, with a total value of $37,257.15.
  • On Thursday, October 1st, Bin Zhao acquired 9,300 shares of Agora stock. The stock was purchased at an average cost of $4.13 per share, with a total value of $38,409.00.
  • On Wednesday, September 30th, Bin Zhao acquired 9,633 shares of Agora stock. The stock was purchased at an average price of $4.18 per share, for a total transaction of $40,265.94.
  • On Tuesday, September 29th, Bin Zhao purchased 9,364 shares of Agora stock. The stock was acquired at an average cost of $4.15 per share, for a total transaction of $38,860.60.
  • On Monday, September 28th, Bin Zhao bought 9,804 shares of Agora stock. The stock was bought at an average price of $4.14 per share, with a total value of $40,588.56.

Agora Stock Up 7.5%

API stock opened at $4.42 on Wednesday. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $385.95 million, a PE ratio of 40.19 and a beta of 0.75. Agora, Inc. Sponsored ADR has a twelve month low of $3.14 and a twelve month high of $5.49. The stock has a 50-day simple moving average of $4.22 and a two-hundred day simple moving average of $4.07.

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

Key Headlines Impacting Agora

Here are the key news stories impacting Agora this week:

  • Positive Sentiment: The repeated purchases—each disclosed in SEC filings and generally worth $24,000 to $58,000—suggest that the CEO views Agora’s valuation as attractive and has confidence in the company’s prospects. The buying continued as shares traded in the roughly $4 range, creating a potentially supportive signal for investors. SEC insider ownership filing
  • Positive Sentiment: Agora’s shares have recently traded above both their 50-day and 200-day moving averages, while volume has been above average, indicating improving near-term trading momentum. The company also previously exceeded quarterly EPS expectations, although revenue was essentially in line with forecasts.
  • Neutral Sentiment: Recent articles provide comparative reviews of Agora versus Consensus Cloud Solutions and BlackBerry. They do not identify a new contract, earnings update, analyst upgrade, or other company-specific catalyst, so their direct effect on API shares appears limited. Consensus Cloud Solutions versus Agora review Agora and BlackBerry comparison

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on API. Wall Street Zen lowered shares of Agora from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Bank of America raised their price target on shares of Agora from $6.60 to $6.80 and gave the company a “buy” rating in a report on Friday, August 14th. Finally, Weiss Ratings raised shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $6.80.

Read Our Latest Report on API

Institutional Trading of Agora

Institutional investors and hedge funds have recently modified their holdings of the business. Headlands Technologies LLC boosted its position in shares of Agora by 25.8% during the 2nd quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock valued at $195,000 after acquiring an additional 10,021 shares during the last quarter. AXQ Capital LP bought a new position in shares of Agora in the second quarter worth approximately $55,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Agora in the second quarter worth approximately $101,000. Hedge funds and other institutional investors own 40.40% of the company’s stock.

Agora Company Profile

(Get Free Report)

Agora, Inc (NASDAQ: API) provides real-time engagement technology that enables developers and businesses to add live voice, video, interactive broadcasting and messaging capabilities to applications and digital services. Its platform is delivered primarily through application programming interfaces (APIs) and software development kits (SDKs), allowing customers to integrate communications features without building the underlying infrastructure themselves.

The company’s offerings support use cases such as video conferencing, online education, telehealth, social and interactive entertainment, customer engagement, gaming and virtual events.

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