AvePoint, Inc. $AVPT Stock Position Increased by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in AvePoint, Inc. by 83.9%, acquiring a total of 64,373 shares worth $930,000.
• Analyst ratings for AvePoint are generally positive, with prices targets ranging from $17.00 to $22.00 and a consensus rating of "Moderate Buy".
• Insider transactions indicate that insiders sold 105,000 shares valued at approximately $1.8 million over the last ninety days, with insiders holding 26.19% of the company's stock.

American Century Companies Inc. raised its position in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 83.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,373 shares of the company's stock after buying an additional 29,365 shares during the quarter. American Century Companies Inc.'s holdings in AvePoint were worth $930,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new stake in shares of AvePoint during the fourth quarter valued at about $29,000. Versant Capital Management Inc purchased a new position in shares of AvePoint during the first quarter valued at approximately $31,000. Point72 Hong Kong Ltd acquired a new stake in shares of AvePoint in the fourth quarter worth $40,000. KBC Group NV purchased a new position in shares of AvePoint in the first quarter valued at $67,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in AvePoint during the first quarter valued at approximately $100,000. Hedge funds and other institutional investors own 44.49% of the company's stock.

Insider Transactions at AvePoint

In related news, insider Brian Michael Brown sold 35,000 shares of the company's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $15.47, for a total value of $541,450.00. Following the completion of the sale, the insider owned 1,155,443 shares of the company's stock, valued at approximately $17,874,703.21. This represents a 2.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In the last 90 days, insiders sold 105,000 shares of company stock valued at $1,835,400. Insiders own 26.19% of the company's stock.

Analyst Ratings Changes

AVPT has been the topic of a number of recent analyst reports. 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 note on Monday, May 12th. B. Riley began coverage on shares of AvePoint in a research note on Tuesday, August 26th. They set a "buy" rating and a $25.00 target price for the company. Cantor Fitzgerald raised shares of AvePoint to a "strong-buy" rating in a research note on Friday, July 25th. Jefferies Financial Group assumed coverage on shares of AvePoint in a report on Monday, July 21st. They issued a "buy" rating and a $22.00 price target for the company. Finally, Citigroup dropped their price target on shares of AvePoint from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $20.80.

AvePoint Stock Up 1.5%

AVPT traded up $0.25 during midday trading on Monday, reaching $16.52. The company had a trading volume of 407,499 shares, compared to its average volume of 1,349,070. AvePoint, Inc. has a 1 year low of $11.43 and a 1 year high of $20.25. The business has a 50-day moving average of $17.25 and a two-hundred day moving average of $16.83. The company has a market cap of $3.50 billion, a P/E ratio of -329.43 and a beta of 1.40.

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.