Bridgefront Capital LLC Acquires Shares of 23,959 AvePoint, Inc. (NASDAQ:AVPT)

Bridgefront Capital LLC acquired a new stake in AvePoint, Inc. (NASDAQ:AVPT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 23,959 shares of the company's stock, valued at approximately $396,000.

Other large investors have also recently modified their holdings of the company. Global Retirement Partners LLC bought a new position in shares of AvePoint during the fourth quarter valued at approximately $25,000. Heck Capital Advisors LLC purchased a new stake in AvePoint during the fourth quarter valued at approximately $29,000. R Squared Ltd acquired a new stake in shares of AvePoint in the 4th quarter worth $45,000. Principal Securities Inc. increased its holdings 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 acquiring an additional 2,722 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in AvePoint by 29.7% in 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 last quarter. Hedge funds and other institutional investors own 44.49% of the company's stock.

AvePoint Stock Performance

Shares of NASDAQ AVPT traded down $0.03 during midday trading on Monday, reaching $18.82. 399,491 shares of the company's stock were exchanged, compared to its average volume of 1,239,038. The stock has a market capitalization of $3.80 billion, a PE ratio of -376.14 and a beta of 1.30. AvePoint, Inc. has a 52-week low of $8.15 and a 52-week high of $19.90. The business's fifty day moving average price is $15.06 and its two-hundred day moving average price is $16.39.

Insiders Place Their Bets

In related news, insider Brian Michael Brown sold 35,000 shares of the company'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 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 Securities & Exchange Commission, which is available through this link. 26.19% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AVPT shares. Citigroup dropped their price objective on shares of AvePoint from $18.00 to $16.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. William Blair reaffirmed an "outperform" rating on shares of AvePoint in a research report on Tuesday, March 4th. Finally, 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 report on Friday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price 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.