Cubist Systematic Strategies LLC Cuts Position in AvePoint, Inc. (NASDAQ:AVPT)

Cubist Systematic Strategies LLC cut its stake in AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 20.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 535,973 shares of the company's stock after selling 137,519 shares during the quarter. Cubist Systematic Strategies LLC owned 0.29% of AvePoint worth $8,849,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in AVPT. Global Retirement Partners LLC bought a new stake in AvePoint in the 4th quarter worth approximately $25,000. Heck Capital Advisors LLC bought a new stake in shares of AvePoint in the fourth quarter worth $29,000. R Squared Ltd bought a new stake in shares of AvePoint in the fourth quarter worth $45,000. Principal Securities Inc. increased its position in AvePoint by 12,961.9% during the fourth quarter. Principal Securities Inc. now owns 2,743 shares of the company's stock valued at $45,000 after acquiring an additional 2,722 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in AvePoint by 29.7% in the fourth quarter. Pacer Advisors Inc. now owns 4,409 shares of the company's stock valued at $73,000 after acquiring an additional 1,010 shares during the period. 44.49% of the stock is currently owned by institutional investors.

AvePoint Trading Up 8.3 %

NASDAQ AVPT traded up $1.45 on Friday, reaching $18.85. 3,733,089 shares of the stock were exchanged, compared to its average volume of 1,242,187. AvePoint, Inc. has a one year low of $8.15 and a one year high of $19.90. The firm has a market capitalization of $3.80 billion, a PE ratio of -376.92 and a beta of 1.30. The company's 50-day simple moving average is $15.06 and its two-hundred day simple moving average is $16.36.

Insider Transactions at AvePoint

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $15.11, for a total value of $528,850.00. Following the completion of the transaction, the insider now directly owns 1,312,145 shares in the company, valued at $19,826,510.95. This represents a 2.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 26.19% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AVPT shares. Scotiabank upped their price target on shares of AvePoint from $19.00 to $22.00 and gave the company a "sector outperform" rating in a research report on Friday. William Blair reaffirmed an "outperform" rating on shares of AvePoint in a report on Tuesday, March 4th. Finally, Citigroup decreased their price target on shares of AvePoint from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $17.00.

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.