AvePoint, Inc. (NASDAQ:AVPT) Stock Position Raised by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lifted its stake in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 96.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 610,729 shares of the company's stock after purchasing an additional 299,866 shares during the period. D. E. Shaw & Co. Inc. owned about 0.33% of AvePoint worth $10,083,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Barclays PLC raised its holdings in shares of AvePoint by 358.5% during the third quarter. Barclays PLC now owns 206,358 shares of the company's stock worth $2,428,000 after purchasing an additional 161,354 shares during the period. Empirical Asset Management LLC acquired a new position in shares of AvePoint during the fourth quarter valued at $264,000. Sheets Smith Wealth Management grew its position in shares of AvePoint by 17.0% during the fourth quarter. Sheets Smith Wealth Management now owns 43,481 shares of the company's stock worth $718,000 after acquiring an additional 6,329 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of AvePoint by 31.2% in the 4th quarter. SG Americas Securities LLC now owns 30,060 shares of the company's stock worth $496,000 after acquiring an additional 7,141 shares during the period. Finally, Southland Equity Partners LLC acquired a new position in AvePoint during the 4th quarter valued at about $197,000. 44.49% of the stock is currently owned by institutional investors and hedge funds.

AvePoint Stock Performance

Shares of NASDAQ:AVPT traded down $0.20 during trading hours on Tuesday, hitting $18.78. 216,621 shares of the company's stock traded hands, compared to its average volume of 1,320,592. The company's fifty day simple moving average is $15.68 and its two-hundred day simple moving average is $16.69. AvePoint, Inc. has a 52 week low of $8.87 and a 52 week high of $20.25. The company has a market cap of $3.79 billion, a price-to-earnings ratio of -375.48 and a beta of 1.30.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AVPT shares. Citigroup decreased their price objective on AvePoint from $18.00 to $16.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Scotiabank raised their target price 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 report on Tuesday, March 4th. Finally, The Goldman Sachs Group raised their price objective on shares of AvePoint from $15.00 to $17.00 and gave the company a "neutral" rating in a research note on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.40.

Insider Activity at AvePoint

In other news, insider Brian Michael Brown sold 35,000 shares of the business's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $15.11, for a total transaction of $528,850.00. Following the sale, the insider now directly owns 1,312,145 shares of the company's stock, valued at $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 is available at this link. Company insiders own 26.19% of the company's stock.

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.