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Jun 14, 2023

Barclays PLC Buys 40,036 Shares of Agora, Inc. (NASDAQ:API)

Barclays PLC grew its holdings in Agora, Inc. (NASDAQ:API - Free Report) by 36.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional

Barclays PLC grew its holdings in Agora, Inc. (NASDAQ:API - Free Report) by 36.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 149,535 shares of the company's stock after buying an additional 40,036 shares during the quarter. Barclays PLC owned approximately 0.13% of Agora worth $541,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of Agora by 238.5% in the fourth quarter. Geode Capital Management LLC now owns 55,637 shares of the company's stock valued at $217,000 after buying an additional 39,199 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in Agora in the first quarter worth about $179,000. American Century Companies Inc. acquired a new stake in Agora in the fourth quarter worth about $169,000. GSA Capital Partners LLP increased its position in Agora by 26.0% in the fourth quarter. GSA Capital Partners LLP now owns 32,387 shares of the company's stock worth $127,000 after purchasing an additional 6,678 shares during the period. Finally, Northern Trust Corp acquired a new stake in Agora in the second quarter worth about $102,000. 26.98% of the stock is currently owned by institutional investors and hedge funds.

Shares of API stock opened at $2.86 on Monday. The stock has a 50-day moving average price of $3.06 and a 200 day moving average price of $3.26. Agora, Inc. has a 12 month low of $2.38 and a 12 month high of $5.30.

Agora (NASDAQ:API - Get Free Report) last announced its quarterly earnings data on Monday, August 21st. The company reported ($0.45) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.34). The firm had revenue of $34.04 million during the quarter, compared to analyst estimates of $34.34 million. Agora had a negative return on equity of 17.59% and a negative net margin of 82.36%. During the same quarter in the previous year, the business earned ($0.27) earnings per share. Equities analysts forecast that Agora, Inc. will post -0.63 EPS for the current fiscal year.

Agora, Inc provides real-time engagement platform-as-a-service (RTE-PaaS) in the People's Republic of China, the United States, and internationally. The company's RTE-PaaS offers developers with software tools to embed real-time voice, video, interactive live-streaming, chat, whiteboard, and artificial intelligence functionalities.

Want to see what other hedge funds are holding API? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agora, Inc. (NASDAQ:API - Free Report).

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