Verition Fund Management LLC reduced its stake in shares of Dune Acquisition Co. (NASDAQ:DUNE – Get Rating) by 20.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,750 shares of the company’s stock after selling 20,000 shares during the period. Verition Fund Management LLC’s holdings in Dune Acquisition were worth $792,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. D. E. Shaw & Co. Inc. increased its holdings in shares of Dune Acquisition by 87.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 853,698 shares of the company’s stock worth $8,452,000 after buying an additional 397,269 shares during the last quarter. Kohlberg Kravis Roberts & Co. L.P. raised its holdings in Dune Acquisition by 68.2% in the 1st quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 650,627 shares of the company’s stock valued at $6,467,000 after buying an additional 263,884 shares during the period. TENOR CAPITAL MANAGEMENT Co. L.P. boosted its stake in Dune Acquisition by 869.3% during the fourth quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 600,000 shares of the company’s stock worth $5,940,000 after buying an additional 538,100 shares during the period. Omni Event Management Ltd acquired a new stake in shares of Dune Acquisition during the fourth quarter valued at about $5,847,000. Finally, Karpus Management Inc. raised its stake in shares of Dune Acquisition by 249.6% in the 4th quarter. Karpus Management Inc. now owns 292,363 shares of the company’s stock valued at $2,894,000 after acquiring an additional 208,735 shares during the period. 2.14% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, major shareholder Paribas Arbitrage Sa Bnp sold 324,163 shares of Dune Acquisition stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $9.82, for a total value of $3,183,280.66. Following the completion of the sale, the insider now directly owns 90,000 shares of the company’s stock, valued at $883,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Dune Acquisition Stock Performance
Dune Acquisition Company Profile
Dune Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses in the technology sector, primarily companies pursuing a Software as a Service.
- Get a free copy of the StockNews.com research report on Dune Acquisition (DUNE)
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