BNP Paribas Financial Markets Acquires New Stake in AvePoint, Inc. (NASDAQ:AVPT)

BNP Paribas Financial Markets purchased a new stake in AvePoint, Inc. (NASDAQ:AVPT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 467,936 shares of the company's stock, valued at approximately $7,726,000. BNP Paribas Financial Markets owned 0.25% of AvePoint as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AVPT. Barclays PLC increased its holdings in AvePoint by 358.5% in the third quarter. Barclays PLC now owns 206,358 shares of the company's stock valued at $2,428,000 after buying an additional 161,354 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of AvePoint by 29.7% during the 4th quarter. Pacer Advisors Inc. now owns 4,409 shares of the company's stock worth $73,000 after acquiring an additional 1,010 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of AvePoint in the 4th quarter valued at about $18,067,000. Northern Trust Corp raised its position in shares of AvePoint by 9.4% during the 4th 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 in the last quarter. Finally, Summit Investment Advisors Inc. lifted its stake in AvePoint by 8.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 13,475 shares of the company's stock worth $222,000 after purchasing an additional 1,042 shares during the last quarter. Hedge funds and other institutional investors own 44.49% of the company's stock.

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 Monday, March 24th. The stock was sold at an average price of $15.40, for a total transaction of $539,000.00. Following the completion of the sale, the insider now directly owns 1,347,145 shares of the company's stock, valued at $20,746,033. This represents a 2.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 26.19% of the company's stock.

Analyst Ratings Changes

AVPT has been the topic of several recent analyst reports. Scotiabank increased their price target 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. William Blair reiterated an "outperform" rating on shares of AvePoint in a research note on Tuesday, March 4th. The Goldman Sachs Group raised their price objective on AvePoint from $15.00 to $17.00 and gave the stock a "neutral" rating in a report on Monday. Finally, Citigroup reduced their target price on AvePoint from $18.00 to $16.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $17.40.

AvePoint Stock Performance

NASDAQ AVPT traded down $0.22 during trading on Friday, reaching $19.38. The company's stock had a trading volume of 1,002,690 shares, compared to its average volume of 1,255,107. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of -387.52 and a beta of 1.30. AvePoint, Inc. has a twelve month low of $8.48 and a twelve month high of $20.25. The business's fifty day moving average price is $15.47 and its 200-day moving average price is $16.54.

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.