Clear Street Group Inc. Invests $1.84 Million in AlphaVest Acquisition Corp. $ATMV

Clear Street Group Inc. purchased a new stake in shares of AlphaVest Acquisition Corp. (NASDAQ:ATMV) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 143,678 shares of the company’s stock, valued at approximately $1,842,000. Clear Street Group Inc. owned approximately 3.73% of AlphaVest Acquisition at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ATMV. Clear Street LLC raised its holdings in shares of AlphaVest Acquisition by 96.1% during the 2nd quarter. Clear Street LLC now owns 21,671 shares of the company’s stock worth $255,000 after acquiring an additional 10,620 shares in the last quarter. Harraden Circle Investments LLC bought a new stake in AlphaVest Acquisition in the third quarter worth $762,000. Finally, Berkley W R Corp increased its position in AlphaVest Acquisition by 23.7% in the second quarter. Berkley W R Corp now owns 233,745 shares of the company’s stock worth $2,749,000 after purchasing an additional 44,730 shares during the last quarter. Institutional investors own 46.08% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of AlphaVest Acquisition in a research note on Monday, December 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

AlphaVest Acquisition Price Performance

Shares of ATMV opened at $7.95 on Friday. The company’s fifty day simple moving average is $6.59 and its 200-day simple moving average is $8.95. AlphaVest Acquisition Corp. has a twelve month low of $5.43 and a twelve month high of $42.00.

AlphaVest Acquisition Company Profile

AlphaVest Acquisition Corp (NASDAQ: ATMV) is a special purpose acquisition company (SPAC) incorporated as a Delaware corporation. The company is a “blank check” issuer formed to raise capital through an initial public offering with the sole purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Having no operating history or ongoing commercial operations prior to a business combination, AlphaVest Acquisition Corp is focused on identifying prospective target companies that align with its investment criteria.