Brevan Howard Capital Management LP Takes $417,000 Position in AvePoint, Inc. (NASDAQ:AVPT)

Brevan Howard Capital Management LP bought a new position in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 25,267 shares of the company's stock, valued at approximately $417,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in AvePoint by 358.5% during the 3rd quarter. Barclays PLC now owns 206,358 shares of the company's stock worth $2,428,000 after acquiring an additional 161,354 shares during the period. Pacer Advisors Inc. raised its stake in 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 during the period. Raymond James Financial Inc. bought a new stake in AvePoint during the 4th quarter worth approximately $18,067,000. Summit Investment Advisors Inc. raised its position in shares of AvePoint by 8.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 13,475 shares of the company's stock valued at $222,000 after buying an additional 1,042 shares during the last quarter. Finally, Principal Securities Inc. raised its position in shares of 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 buying an additional 2,722 shares during the last quarter. Institutional investors own 44.49% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AVPT shares. Citigroup reduced their price objective 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. Scotiabank lifted their price objective on shares of AvePoint from $19.00 to $22.00 and gave the company a "sector outperform" rating in a research report on Friday, May 9th. William Blair reiterated an "outperform" rating on shares of AvePoint in a research report on Tuesday, March 4th. Finally, The Goldman Sachs Group lifted their price objective on shares of AvePoint from $15.00 to $17.00 and gave the company a "neutral" rating in a research report on Monday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, AvePoint has an average rating of "Moderate Buy" and an average price target of $17.40.

Insiders Place Their Bets

In other news, insider Brian Michael Brown sold 35,000 shares of the business's stock in a transaction on 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 sale, the insider now directly owns 1,312,145 shares of the company's stock, valued at approximately $19,826,510.95. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 26.19% of the stock is owned by insiders.

AvePoint Trading Down 0.8%

AVPT traded down $0.16 during trading hours on Wednesday, hitting $19.83. The company's stock had a trading volume of 1,929,639 shares, compared to its average volume of 1,255,486. The business's 50-day moving average price is $15.24 and its 200-day moving average price is $16.46. AvePoint, Inc. has a 12 month low of $8.44 and a 12 month high of $20.25. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of -396.52 and a beta of 1.30.

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.