IB Acquisition (NASDAQ:IBAC) Major Shareholder Sells $49,654.25 in Stock

2026-03-28 06:18:55 ET

IB Acquisition Corp. ( NASDAQ:IBAC – Get Free Report ) major shareholder Aqr Capital Management Holding sold 4,619 shares of the firm’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $10.75, for a total value of $49,654.25. The sale was disclosed in a legal filing with the SEC, which is available through this link . Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Aqr Capital Management Holding also recently made the following trade(s):

• On Monday, March 23rd, Aqr Capital Management Holding sold 335,000 shares of IB Acquisition stock. The stock was sold at an average price of $10.80, for a total transaction of $3,618,000.00.

IB Acquisition Price Performance

Shares of NASDAQ IBAC opened at $10.66 on Friday. IB Acquisition Corp. has a 1 year low of $10.28 and a 1 year high of $11.45. The firm has a 50-day moving average of $10.65 and a 200 day moving average of $10.54.

IB Acquisition ( NASDAQ:IBAC – Get Free Report ) last announced its earnings results on Monday, December 29th. The company reported $0.06 earnings per share for the quarter.

Institutional Trading of IB Acquisition

A number of large investors have recently made changes to their positions in IBAC. DLD Asset Management LP purchased a new position in shares of IB Acquisition during the third quarter valued at approximately $2,525,000. Clear Street Group Inc. purchased a new stake in IB Acquisition during the 3rd quarter valued at $1,116,000. RiverPark Advisors LLC lifted its holdings in shares of IB Acquisition by 49.8% during the 3rd quarter. RiverPark Advisors LLC now owns 246,281 shares of the company’s stock valued at $2,611,000 after buying an additional 81,833 shares during the period. Crossingbridge Advisors LLC lifted its holdings in shares of IB Acquisition by 10.8% during the 3rd quarter. Crossingbridge Advisors LLC now owns 482,223 shares of the company’s stock valued at $5,081,000 after buying an additional 46,833 shares during the period. Finally, Wolverine Asset Management LLC boosted its stake in shares of IB Acquisition by 40.0% in the 4th quarter. Wolverine Asset Management LLC now owns 140,000 shares of the company’s stock worth $1,470,000 after buying an additional 40,000 shares during the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded IB Acquisition from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Check Out Our Latest Research Report on IB Acquisition

About IB Acquisition

( Get Free Report )

IB Acquisition Corp (NASDAQ: IBAC) is a special purpose acquisition company (SPAC) formed with the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company does not generate any operating revenues and its business plan is entirely dependent on identifying or acquiring a suitable target business in accordance with its charter.

Incorporated in Delaware in 2021, IB Acquisition Corp completed its initial public offering later that year, raising capital that is held in a trust account pending the identification and closing of a business combination.

Further Reading

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