AvePoint, Inc. (NASDAQ:AVPT) Receives $17.40 Average Price Target from Brokerages

Shares of AvePoint, Inc. (NASDAQ:AVPT - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the six analysts that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $17.40.

A number of research analysts have weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of AvePoint from $15.00 to $17.00 and gave the company a "neutral" rating in a research note on Monday, May 12th. Scotiabank raised their price objective on shares of AvePoint from $19.00 to $22.00 and gave the company a "sector outperform" rating in a research note on Friday, May 9th.

AvePoint Stock Performance

Shares of AvePoint stock traded up $0.25 during trading hours on Tuesday, reaching $18.76. The company's stock had a trading volume of 1,020,060 shares, compared to its average volume of 1,238,469. AvePoint has a one year low of $9.38 and a one year high of $20.25. The company has a market capitalization of $3.81 billion, a P/E ratio of -144.30 and a beta of 1.33. The stock's fifty day simple moving average is $18.77 and its two-hundred day simple moving average is $17.16.

Insider Transactions at AvePoint

In related news, Director Jeff Epstein sold 500,000 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $18.77, for a total transaction of $9,385,000.00. Following the transaction, the director directly owned 1,157,891 shares of the company's stock, valued at $21,733,614.07. This trade represents a 30.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brian Michael Brown sold 35,000 shares of the firm's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $18.23, for a total transaction of $638,050.00. Following the transaction, the insider directly owned 1,225,443 shares in the company, valued at $22,339,825.89. The trade was a 2.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 605,000 shares of company stock worth $11,188,550 over the last three months. 26.19% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Northern Trust Corp raised its position in AvePoint by 9.4% in the fourth quarter. Northern Trust Corp now owns 1,160,554 shares of the company's stock worth $19,161,000 after acquiring an additional 99,725 shares during the period. Raymond James Financial Inc. bought a new stake in AvePoint in the fourth quarter worth about $18,067,000. Two Sigma Investments LP raised its position in AvePoint by 155.5% in the fourth quarter. Two Sigma Investments LP now owns 108,192 shares of the company's stock worth $1,786,000 after acquiring an additional 65,852 shares during the period. Summit Investment Advisors Inc. raised its position in AvePoint by 8.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 13,475 shares of the company's stock worth $222,000 after acquiring an additional 1,042 shares during the period. Finally, Ameriprise Financial Inc. raised its position in AvePoint by 282.9% in the fourth quarter. Ameriprise Financial Inc. now owns 45,751 shares of the company's stock worth $755,000 after acquiring an additional 33,801 shares during the period. 44.49% of the stock is owned by institutional investors.

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.