Algert Global LLC Has $401,000 Stake in AvePoint, Inc. (NASDAQ:AVPT)

Algert Global LLC cut its position in AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 80.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,259 shares of the company's stock after selling 102,558 shares during the period. Algert Global LLC's holdings in AvePoint were worth $401,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AVPT. Voleon Capital Management LP acquired a new position in shares of AvePoint during the fourth quarter worth approximately $367,000. PDT Partners LLC lifted its position in shares of AvePoint by 27.2% during the fourth quarter. PDT Partners LLC now owns 161,892 shares of the company's stock worth $2,673,000 after purchasing an additional 34,645 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of AvePoint during the fourth quarter worth approximately $2,068,000. Northern Trust Corp lifted its position in shares of AvePoint by 9.4% during the fourth quarter. Northern Trust Corp now owns 1,160,554 shares of the company's stock worth $19,161,000 after purchasing an additional 99,725 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in shares of AvePoint during the fourth quarter worth approximately $740,000. 44.49% of the stock is currently owned by institutional investors and hedge funds.

AvePoint Stock Performance

NASDAQ:AVPT traded down $0.22 during trading hours on Friday, hitting $19.38. The stock had a trading volume of 1,002,690 shares, compared to its average volume of 1,251,205. AvePoint, Inc. has a one year low of $8.87 and a one year high of $20.25. The company has a market cap of $3.91 billion, a price-to-earnings ratio of -387.52 and a beta of 1.30. The business's 50 day moving average is $15.59 and its 200-day moving average is $16.64.

Insider Buying and Selling at AvePoint

In other news, insider Brian Michael Brown sold 35,000 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $15.40, for a total transaction of $539,000.00. Following the completion of the sale, the insider now owns 1,347,145 shares of the company's stock, valued at $20,746,033. This represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 26.19% of the company's stock.

Wall Street Analysts Forecast Growth

AVPT has been the subject of a number of recent research reports. Citigroup dropped their price target on shares of AvePoint from $18.00 to $16.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Scotiabank boosted their price target on shares of AvePoint from $19.00 to $22.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 9th. The Goldman Sachs Group boosted their price target on shares of AvePoint from $15.00 to $17.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Finally, William Blair reissued an "outperform" rating on shares of AvePoint in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, AvePoint has an average rating of "Moderate Buy" and a consensus target price of $17.40.

AvePoint Company Profile

AvePoint, Inc provides cloud-native data management software platform in North America, Europe, Middle East, Africa, and Asia Pacific. It also offers software-as-a-service solutions and productivity applications. The company offers modularity and cloud services architecture to address critical challenges and the management of data to organizations that leverage third-party cloud vendors, including Microsoft, Salesforce, Google, AWS, Box, DropBox, and others; license and support; and maintenance services.