AvePoint, Inc. (NASDAQ:AVPT - Get Free Report) insider Brian Michael Brown sold 35,000 shares of the firm's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $18.23, for a total transaction of $638,050.00. Following the sale, the insider now owns 1,225,443 shares in the company, valued at approximately $22,339,825.89. This trade represents a 2.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Brian Michael Brown also recently made the following trade(s):
- On Friday, May 23rd, Brian Michael Brown sold 35,000 shares of AvePoint stock. The stock was sold at an average price of $18.19, for a total transaction of $636,650.00.
- On Wednesday, April 23rd, Brian Michael Brown sold 35,000 shares of AvePoint stock. The shares were sold at an average price of $15.11, for a total value of $528,850.00.
AvePoint Stock Performance
AVPT stock traded up $0.74 during trading on Tuesday, hitting $19.08. 1,540,793 shares of the company traded hands, compared to its average volume of 1,246,717. AvePoint, Inc. has a 1 year low of $9.38 and a 1 year high of $20.25. The firm has a market capitalization of $3.88 billion, a PE ratio of -146.76 and a beta of 1.34. The company has a 50-day moving average of $17.75 and a 200-day moving average of $17.06.
Institutional Investors Weigh In On AvePoint
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AVPT. Rhumbline Advisers increased its holdings in AvePoint by 1.3% during the 4th quarter. Rhumbline Advisers now owns 182,990 shares of the company's stock valued at $3,021,000 after purchasing an additional 2,330 shares during the period. Principal Securities Inc. grew its position in shares of AvePoint by 12,961.9% in the 4th quarter. Principal Securities Inc. now owns 2,743 shares of the company's stock worth $45,000 after buying an additional 2,722 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of AvePoint by 9.1% during the fourth quarter. Principal Financial Group Inc. now owns 74,048 shares of the company's stock valued at $1,223,000 after buying an additional 6,186 shares during the period. Global Retirement Partners LLC purchased a new position in shares of AvePoint during the fourth quarter valued at approximately $25,000. Finally, Handelsbanken Fonder AB bought a new position in shares of AvePoint during the fourth quarter valued at approximately $457,000. 44.49% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
AVPT has been the topic of several recent research reports. Citigroup reduced their price objective on AvePoint from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Scotiabank upped their target price on 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 lifted 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 reaffirmed an "outperform" rating on shares of AvePoint in a research note on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, AvePoint has a consensus rating of "Moderate Buy" and an average target price of $17.40.
View Our Latest Stock Report on AvePoint
About AvePoint
(
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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.
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