Tudor Investment Corp Et Al Purchases Shares of 407,215 ACV Auctions Inc. (NASDAQ:ACVA)
Tudor Investment Corp Et Al purchased a new stake in shares of ACV Auctions Inc. (NASDAQ:ACVA – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 407,215 shares of the company’s stock, valued at approximately $7,033,000. Tudor Investment Corp Et Al owned 0.25% of ACV Auctions as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Oppenheimer Asset Management Inc. bought a new stake in ACV Auctions during the second quarter valued at about $255,000. William Blair Investment Management LLC grew its position in shares of ACV Auctions by 10.7% during the first quarter. William Blair Investment Management LLC now owns 3,907,765 shares of the company’s stock valued at $50,449,000 after purchasing an additional 379,155 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of ACV Auctions during the first quarter valued at about $752,000. Nishkama Capital LLC purchased a new position in shares of ACV Auctions during the first quarter valued at about $2,739,000. Finally, US Bancorp DE grew its position in shares of ACV Auctions by 2,412.4% during the second quarter. US Bancorp DE now owns 15,652 shares of the company’s stock valued at $270,000 after purchasing an additional 15,029 shares in the last quarter. 78.56% of the stock is owned by institutional investors.
ACV Auctions Trading Up 0.6 %
ACVA opened at $14.35 on Friday. The firm has a market cap of $2.32 billion, a P/E ratio of -29.90 and a beta of 1.45. ACV Auctions Inc. has a 12 month low of $7.19 and a 12 month high of $18.68. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average of $14.60 and a 200 day moving average of $15.91.
ACV Auctions (NASDAQ:ACVA – Get Free Report) last announced its earnings results on Monday, November 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.04. ACV Auctions had a negative return on equity of 14.82% and a negative net margin of 16.61%. The business had revenue of $119.01 million during the quarter, compared to analyst estimates of $119.13 million. As a group, research analysts forecast that ACV Auctions Inc. will post -0.43 EPS for the current year.
Insider Buying and Selling at ACV Auctions
In other ACV Auctions news, insider Michael Waterman sold 5,210 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $14.60, for a total transaction of $76,066.00. Following the completion of the transaction, the insider now owns 228,762 shares in the company, valued at $3,339,925.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Bessemer Venture Partners Ix L sold 128,479 shares of ACV Auctions stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $16.21, for a total transaction of $2,082,644.59. Following the completion of the sale, the insider now owns 1,859,214 shares of the company’s stock, valued at $30,137,858.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Waterman sold 5,210 shares of ACV Auctions stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $14.60, for a total transaction of $76,066.00. Following the sale, the insider now directly owns 228,762 shares of the company’s stock, valued at approximately $3,339,925.20. The disclosure for this sale can be found here. Insiders sold 421,040 shares of company stock worth $6,750,615 over the last 90 days. Company insiders own 13.67% of the company’s stock.
Analyst Ratings Changes
Separately, Needham & Company LLC restated a “buy” rating and set a $23.00 price objective on shares of ACV Auctions in a research report on Tuesday, November 7th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.15.
Get Our Latest Report on ACV Auctions
About ACV Auctions (Free Report)
ACV Auctions Inc operates a digital marketplace that connects buyers and sellers for the online auction of wholesale vehicles. The company provides data services insights into the condition and value of used vehicles, as well as customer financing services. ACV Auctions Inc was incorporated in 2014 and is headquartered in Buffalo, New York.
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