Sherbrooke Park Advisers LLC Purchases Shares of 17,651 AvePoint, Inc. (NASDAQ:AVPT)

Sherbrooke Park Advisers LLC purchased a new position in 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 (SEC). The firm purchased 17,651 shares of the company's stock, valued at approximately $291,000.

A number of other hedge funds also recently modified their holdings of AVPT. Global Retirement Partners LLC bought a new position in AvePoint in the fourth quarter valued at about $25,000. Heck Capital Advisors LLC acquired a new stake in shares of AvePoint during the fourth quarter valued at about $29,000. Point72 Hong Kong Ltd acquired a new stake in shares of AvePoint during the fourth quarter valued at about $40,000. R Squared Ltd acquired a new stake in shares of AvePoint during the fourth quarter valued at about $45,000. Finally, Principal Securities Inc. lifted its stake in shares of AvePoint by 12,961.9% in the fourth quarter. Principal Securities Inc. now owns 2,743 shares of the company's stock worth $45,000 after acquiring an additional 2,722 shares during the period. Institutional investors own 44.49% of the company's stock.

Insider Activity

In other news, insider Brian Michael Brown sold 35,000 shares of the company's stock in a transaction 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 transaction, the insider now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 26.19% of the company's stock.

AvePoint Stock Up 0.7%

AVPT stock traded up $0.12 during midday trading on Friday, hitting $18.23. The company's stock had a trading volume of 929,299 shares, compared to its average volume of 1,244,693. The stock's 50-day moving average price is $15.99 and its 200 day moving average price is $16.84. AvePoint, Inc. has a 1 year low of $8.87 and a 1 year high of $20.25. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of -364.53 and a beta of 1.30.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AVPT shares. The Goldman Sachs Group lifted their price objective on AvePoint from $15.00 to $17.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. William Blair restated an "outperform" rating on shares of AvePoint in a report on Tuesday, March 4th. Citigroup decreased their price target on 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 target on AvePoint from $19.00 to $22.00 and gave the stock 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, AvePoint currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.40.

AvePoint 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.