State Street Corp Decreases Holdings in Agora, Inc. (NASDAQ:API)

State Street Corp cut its holdings in shares of Agora, Inc. (NASDAQ:API) by 36.9% in the 3rd quarter, according to the company in its most recent 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 owned approximately 0.09% of Agora worth $200,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in API. Bank of Montreal Can purchased a new stake in shares of Agora during the 2nd quarter valued at $777,000. Harber Asset Management LLC increased its position in shares of Agora by 6.1% during the 3rd quarter. Harber Asset Management LLC now owns 2,141,000 shares of the company’s stock valued at $5,160,000 after purchasing an additional 123,523 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Agora by 23.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 275,866 shares of the company’s stock valued at $585,000 after purchasing an additional 52,432 shares during the last quarter. Clearline Capital LP increased its position in shares of Agora by 41.8% during the 2nd quarter. Clearline Capital LP now owns 122,999 shares of the company’s stock valued at $261,000 after purchasing an additional 36,244 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Agora during the 3rd quarter valued at $28,000. 40.40% of the stock is owned by hedge funds and other institutional investors.

Agora Trading Up 1.4 %

Shares of API opened at $4.43 on Friday. The business has a 50-day moving average of $4.47 and a 200 day moving average of $3.15. Agora, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $6.64. The firm has a market cap of $408.45 million, a P/E ratio of -9.04 and a beta of 0.29. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.15 and a current ratio of 6.15.

About Agora

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.