Sherbrooke Park Advisers LLC bought 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 SEC. The institutional investor bought 17,651 shares of the company's stock, valued at approximately $291,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Asset Management L.P. increased its stake in AvePoint by 263.8% in the 4th quarter. Point72 Asset Management L.P. now owns 123,340 shares of the company's stock valued at $2,036,000 after buying an additional 89,440 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in AvePoint in the 4th quarter valued at about $40,000. ProShare Advisors LLC increased its stake in shares of AvePoint by 37.2% during the 4th quarter. ProShare Advisors LLC now owns 45,409 shares of the company's stock worth $750,000 after purchasing an additional 12,307 shares during the last quarter. Parsifal Capital Management LP purchased a new stake in shares of AvePoint during the 4th quarter worth approximately $36,419,000. Finally, Nuveen Asset Management LLC raised its holdings in shares of AvePoint by 15.8% in the 4th quarter. Nuveen Asset Management LLC now owns 1,030,872 shares of the company's stock worth $17,020,000 after purchasing an additional 140,701 shares during the period. Institutional investors and hedge funds own 44.49% of the company's stock.
AvePoint Trading Down 2.1%
AvePoint stock opened at $18.98 on Tuesday. AvePoint, Inc. has a 1-year low of $8.87 and a 1-year high of $20.25. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of -379.52 and a beta of 1.30. The firm has a 50 day simple moving average of $15.68 and a 200 day simple moving average of $16.69.
Insider Activity at AvePoint
In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of the firm's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $15.11, for a total value of $528,850.00. Following the completion of the transaction, the insider now directly owns 1,312,145 shares of the company's stock, valued at $19,826,510.95. This trade represents a 2.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 26.19% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several research firms recently commented on AVPT. Citigroup dropped their price objective on AvePoint from $18.00 to $16.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Scotiabank upped their price objective on AvePoint from $19.00 to $22.00 and gave the company a "sector outperform" rating in a research note on Friday, May 9th. The Goldman Sachs Group upped their price objective on AvePoint from $15.00 to $17.00 and gave the company a "neutral" rating in a research note on Monday, May 12th. Finally, William Blair reiterated an "outperform" rating on shares of AvePoint in a research note on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, AvePoint currently has a consensus rating of "Moderate Buy" and an average price target of $17.40.
Get Our Latest Stock Analysis on AvePoint
AvePoint Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding AVPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AvePoint, Inc. (NASDAQ:AVPT - Free Report).
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