According to Zacks, “Otonomo Technologies Ltd. is a provider of platform and marketplace for vehicle data and positioned at the epicenter of the data revolution in the automotive and mobility space. Otonomo Technologies Ltd., formerly known as Software Acquisition Group Inc. II, is based in HERZLIYA, ISRAEL. “
Separately, B. Riley reduced their price objective on shares of Software Acquisition Group Inc. II from $11.00 to $7.50 in a research note on Wednesday.
Shares of NASDAQ:OTMO opened at $1.34 on Friday. Software Acquisition Group Inc. II has a fifty-two week low of $1.32 and a fifty-two week high of $11.60. The firm’s 50-day simple moving average is $2.99 and its 200-day simple moving average is $4.70.
Several large investors have recently made changes to their positions in OTMO. Morgan Stanley purchased a new position in shares of Software Acquisition Group Inc. II during the 1st quarter worth about $289,000. BlackRock Inc. grew its holdings in Software Acquisition Group Inc. II by 17.1% in the second quarter. BlackRock Inc. now owns 509,604 shares of the company’s stock valued at $5,071,000 after purchasing an additional 74,595 shares during the period. Vector Capital Management L.P. acquired a new position in Software Acquisition Group Inc. II during the second quarter worth approximately $4,975,000. Schonfeld Strategic Advisors LLC purchased a new position in Software Acquisition Group Inc. II during the second quarter worth approximately $168,000. Finally, Vivaldi Asset Management LLC acquired a new position in shares of Software Acquisition Group Inc. II in the 2nd quarter valued at $148,000. 31.35% of the stock is owned by institutional investors and hedge funds.
About Software Acquisition Group Inc. II
Software Acquisition Group Inc II does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in software companies. The company was incorporated in 2020 and is based in Las Vegas, Nevada.
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