Tuya Inc. (NYSE:TUYA) Shares Sold by Pinpoint Asset Management Ltd

Pinpoint Asset Management Ltd lowered its stake in shares of Tuya Inc. (NYSE:TUYA) by 9.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 967,023 shares of the company’s stock after selling 104,720 shares during the quarter. Pinpoint Asset Management Ltd’s holdings in Tuya were worth $1,596,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Tuya by 91.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 633,686 shares of the company’s stock worth $1,046,000 after acquiring an additional 302,261 shares during the period. XTX Topco Ltd acquired a new stake in Tuya during the second quarter worth about $27,000. Acadian Asset Management LLC raised its stake in Tuya by 59.2% during the second quarter. Acadian Asset Management LLC now owns 665,730 shares of the company’s stock worth $1,132,000 after purchasing an additional 247,592 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Tuya by 60.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 350,116 shares of the company’s stock valued at $578,000 after purchasing an additional 132,200 shares during the last quarter. Finally, Centiva Capital LP purchased a new stake in shares of Tuya in the 3rd quarter valued at approximately $63,000. 11.47% of the stock is currently owned by hedge funds and other institutional investors.

Tuya Stock Performance

Shares of NYSE TUYA opened at $1.83 on Wednesday. Tuya Inc. has a 1 year low of $1.28 and a 1 year high of $2.50. The company has a 50 day simple moving average of $1.62 and a 200-day simple moving average of $1.63.

Tuya Company Profile

Tuya Inc offers purpose-built Internet of Things (IoT) cloud development platform in the People's Republic of China and internationally. The company provides platform-as-a-service that enables business, original equipment manufacturers, brands, and developers to develop, launch, manage, and monetize software-enabled smart devices and services; and industry software-as-a-service, which enables businesses to deploy, connect, and manage various types of smart devices.