Texas Ventures Acquisition III (NASDAQ:TVA) Shares Down 1.1% – Here’s What Happened

Texas Ventures Acquisition III Corp (NASDAQ:TVA) traded down 1.1% during trading on Friday . The company traded as low as $10.40 and last traded at $10.48. 946,156 shares changed hands during mid-day trading, an increase of 470% from the average session volume of 165,993 shares. The stock had previously closed at $10.60.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Texas Ventures Acquisition III in a report on Monday, December 29th. Wall Street Zen downgraded Texas Ventures Acquisition III from a “hold” rating to a “sell” rating in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Texas Ventures Acquisition III currently has an average rating of “Sell”.

Texas Ventures Acquisition III Stock Performance

The firm’s 50-day moving average is $10.69.

Insiders Place Their Bets

In other Texas Ventures Acquisition III news, Director Mark Angelo purchased 737,691 shares of Texas Ventures Acquisition III stock in a transaction on Thursday, February 5th. The shares were bought at an average price of $10.80 per share, with a total value of $7,967,062.80. Following the purchase, the director directly owned 925,000 shares in the company, valued at $9,990,000. This trade represents a 393.84% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Hedge Funds Weigh In On Texas Ventures Acquisition III

Several institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada purchased a new position in Texas Ventures Acquisition III during the fourth quarter worth about $35,000. Quarry LP purchased a new position in shares of Texas Ventures Acquisition III during the 4th quarter worth about $129,000. Marex Group plc purchased a new position in shares of Texas Ventures Acquisition III during the 4th quarter worth about $133,000. Fifth Lane Capital LP acquired a new stake in shares of Texas Ventures Acquisition III in the fourth quarter worth approximately $952,000. Finally, DLD Asset Management LP grew its holdings in Texas Ventures Acquisition III by 42.9% in the fourth quarter. DLD Asset Management LP now owns 95,267 shares of the company’s stock valued at $1,015,000 after purchasing an additional 28,600 shares during the period.

Texas Ventures Acquisition III Company Profile

Texas Ventures Acquisition III (NASDAQ: TVA) is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank‑check company, its principal business purpose is to raise capital in the public markets and use those proceeds to identify, negotiate and consummate one or more business combinations with an operating company.

Unlike an operating company, Texas Ventures Acquisition III does not produce goods or services while it searches for a target. Its activities typically include managing the capital held in trust, conducting diligence on prospective acquisition candidates, negotiating transaction terms, and seeking shareholder and regulatory approvals required to complete a business combination.

Pending completion of a business combination, the company’s prospects and ultimate strategy are driven by its management and sponsors; specific target industries, geographies and leadership details are disclosed through the company’s public filings and press releases as opportunities develop.