Citadel Advisors LLC has recently announced that it has increased stake in Khosla Ventures Acquisition Co. III (NASDAQ:KVSC) by 28.83%. After grabbing 3.63 million shares, the institutional investor is now in possession of 0.81 million shares of the Financial Company. The new investment brought the stake of investor firm to 6.29% having worth around $36.14 million. Moreover, Millennium Management LLC increased its share by 0.52 million to have a control over 2.77 million shares. And Marshall Wace LLP raised its holdings to 0.46 million shares by acquiring 2.71 million shares or 4.70% of the stake.
Khosla Ventures Acquisition Co. III (KVSC) concluded trading on 01/19/23 at a closing price of $10.07, with 0.82 million shares of worth about $8.22 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.97% during that period and on Thursday the price saw a gain of about 0.05%. Currently the company’s common shares owned by public are about 62.76M shares, out of which, 61.33M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
TD Global Conservative Opportunit, Lyxor Newcits IRL Plc – Tiedemann, and Merger Fund are the top 3 mutual funds which are holding stakes in Khosla Ventures Acquisition Co. III TD Global Conservative Opportunit is currently holding 1.51 million shares of worth totaling $15.08 million. The company recently came buying 0.0 shares which brought its stake up to 2.62% of the company’s outstanding shares. Merger Fund, after buying 0.39 million shares, have now control over 0.67% of the stake in the company. It holds 17.0 shares of worth $3.87 million.
Khosla Ventures Acquisition Co. III (NASDAQ: KVSC) started trading at $10.07, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 10.07, or with a gain of 0.05%. Stock saw a price change of 0.10% in past 5 days and over the past one month there was a price change of 1.31%. Year-to-date (YTD), KVSC shares are showing a performance of 1.16% which increased to 2.86% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.66 but also hit the highest price of $10.07 during that period. The average intraday trading volume for Khosla Ventures Acquisition Co. III shares is 264.51K. The stock is currently trading 0.76% above its 20-day simple moving average (SMA20), while that difference is up 1.20% for SMA50 and it goes to 2.48% higher than SMA200.
Citadel Advisors LLC acquired 3.63 million shares of Khosla Ventures Acquisition Co. III having value of about $36.14 million. Data submitted at the U.S SEC by Citadel Advisors LLC revealed that the firm now holds 0.81 million shares in the company valued at close to $8181875.0, or have control over 28.83% stake in the company. Khosla Ventures Acquisition Co. III (NASDAQ: KVSC) currently have 62.76M outstanding shares and institutions hold larger chunk of about 96.20% of that. Holding of mutual funds in the company is about 8.88% while other institutional holders and individual stake holders have control over 87.65% and 2.47% of the stake respectively.
The stock has a current market capitalization of $681.34M. PE ratio of stock for trailing 12 months is 31.97, while it has posted earnings per share of $0.32 in the same period. It has Quick Ratio of 0.30 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KVSC, volatility over the week remained 0.15% while standing at 0.18% over the month.
Analysts at 0 brokerage firms have issued recommendations for the Khosla Ventures Acquisition Co. III (KVSC)’s stock out of those 0 Wall Street analysts, 0 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.