AvePoint, Inc. (NASDAQ:AVPT) Receives Consensus Rating of "Moderate Buy" from Brokerages

AvePoint, Inc. (NASDAQ:AVPT - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $17.40.

A number of brokerages have recently weighed in on AVPT. Scotiabank lifted their price objective on AvePoint from $19.00 to $22.00 and gave the company a "sector outperform" rating in a research note on Friday, May 9th. The Goldman Sachs Group boosted their price target on AvePoint from $15.00 to $17.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. Citigroup dropped their target price on AvePoint from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Finally, William Blair reiterated an "outperform" rating on shares of AvePoint in a research report on Tuesday, March 4th.

AvePoint Trading Up 0.2%

AVPT traded up $0.04 during trading on Monday, hitting $18.54. The company's stock had a trading volume of 33,000 shares, compared to its average volume of 1,308,637. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of -370.53 and a beta of 1.30. The business's fifty day simple moving average is $16.26 and its 200 day simple moving average is $16.91. AvePoint has a twelve month low of $8.87 and a twelve month high of $20.25.

Insider Buying and Selling

In other news, insider Brian Michael Brown sold 35,000 shares of AvePoint stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $18.19, for a total transaction of $636,650.00. Following the sale, the insider now owns 1,277,145 shares of the company's stock, valued at approximately $23,231,267.55. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders sold 105,000 shares of company stock worth $1,704,500. Corporate insiders own 26.19% of the company's stock.

Institutional Trading of AvePoint

A number of hedge funds have recently modified their holdings of AVPT. Rhumbline Advisers increased its stake in shares of AvePoint by 3.8% in the first quarter. Rhumbline Advisers now owns 189,903 shares of the company's stock worth $2,742,000 after acquiring an additional 6,913 shares during the last quarter. Strs Ohio acquired a new position in shares of AvePoint in the first quarter worth $787,000. Intech Investment Management LLC boosted its holdings in AvePoint by 20.2% in the first quarter. Intech Investment Management LLC now owns 78,453 shares of the company's stock worth $1,133,000 after purchasing an additional 13,197 shares in the last quarter. Focus Partners Wealth bought a new stake in AvePoint in the first quarter worth $737,000. Finally, Caxton Associates LLP bought a new stake in AvePoint in the first quarter worth $351,000. Hedge funds and other institutional investors own 44.49% of the company's stock.

About AvePoint

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.