AvePoint (NASDAQ:AVPT - Free Report) had its price objective hoisted by The Goldman Sachs Group from $15.00 to $17.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.
Other equities research analysts have also issued research reports about the stock. William Blair reissued an "outperform" rating on shares of AvePoint in a report on Tuesday, March 4th. Citigroup dropped their price objective on shares of AvePoint from $18.00 to $16.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Finally, Scotiabank upped their price objective on shares of AvePoint from $19.00 to $22.00 and gave the company a "sector outperform" rating in a report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, AvePoint has an average rating of "Moderate Buy" and a consensus price target of $17.40.
View Our Latest Stock Analysis on AVPT
AvePoint Stock Down 1.1%
Shares of AvePoint stock traded down $0.22 during trading hours on Monday, reaching $19.38. 1,002,690 shares of the company's stock were exchanged, compared to its average volume of 1,251,205. AvePoint has a 1 year low of $8.87 and a 1 year high of $20.25. The business has a fifty day moving average of $15.59 and a two-hundred day moving average of $16.58. The company has a market capitalization of $3.91 billion, a P/E ratio of -387.52 and a beta of 1.30.
Insiders Place Their Bets
In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $15.11, for a total transaction of $528,850.00. Following the completion of the transaction, the insider now owns 1,312,145 shares of the company's stock, valued at $19,826,510.95. This trade represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 26.19% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC acquired a new position in shares of AvePoint in the fourth quarter worth $25,000. Heck Capital Advisors LLC acquired a new stake in AvePoint during the fourth quarter worth approximately $29,000. Versant Capital Management Inc acquired a new stake in AvePoint during the first quarter worth approximately $31,000. Point72 Hong Kong Ltd acquired a new position in shares of AvePoint in the 4th quarter valued at $40,000. Finally, Summit Securities Group LLC increased its holdings in shares of AvePoint by 621.7% in the 1st quarter. Summit Securities Group LLC now owns 2,627 shares of the company's stock valued at $38,000 after acquiring an additional 2,263 shares during the period. Hedge funds and other institutional investors own 44.49% of the company's stock.
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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