State Street Corp Sells 48,544 Shares of Agora, Inc. (NASDAQ:API)

State Street Corp decreased its position in Agora, Inc. (NASDAQ:API) by 36.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,104 shares of the company’s stock after selling 48,544 shares during the quarter. State Street Corp’s holdings in Agora were worth $200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Clearline Capital LP increased its stake in shares of Agora by 41.8% during the second quarter. Clearline Capital LP now owns 122,999 shares of the company’s stock valued at $261,000 after buying an additional 36,244 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Agora during the third quarter valued at approximately $28,000. Dimensional Fund Advisors LP increased its stake in shares of Agora by 23.5% during the second quarter. Dimensional Fund Advisors LP now owns 275,866 shares of the company’s stock valued at $585,000 after buying an additional 52,432 shares during the period. Bank of Montreal Can purchased a new position in shares of Agora during the second quarter valued at approximately $777,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Agora during the third quarter valued at approximately $27,000. Institutional investors own 40.40% of the company’s stock.

Agora Price Performance

API opened at $4.43 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.15 and a current ratio of 6.15. Agora, Inc. has a 52-week low of $1.65 and a 52-week high of $6.64. The stock has a market capitalization of $408.45 million, a PE ratio of -9.04 and a beta of 0.29. The stock’s 50 day moving average price is $4.47 and its 200-day moving average price is $3.15.

Agora Profile

Agora, Inc operates in real-time engagement technology business in the People's Republic of China, the United States, and internationally. The company offers real-time engagement platform-as-a-services providing developers with application programming interfaces to embed real-time voice, video, interactive live-streaming, chat, whiteboard, and artificial intelligence capabilities into their applications.