Ameriprise Financial Inc. Has $755,000 Holdings in AvePoint, Inc. (NASDAQ:AVPT)

Ameriprise Financial Inc. raised its holdings in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 282.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,751 shares of the company's stock after purchasing an additional 33,801 shares during the period. Ameriprise Financial Inc.'s holdings in AvePoint were worth $755,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its position in shares of AvePoint by 56.9% during the fourth quarter. Wellington Management Group LLP now owns 6,430,203 shares of the company's stock worth $106,163,000 after acquiring an additional 2,332,813 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of AvePoint by 566.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,678,403 shares of the company's stock worth $44,220,000 after acquiring an additional 2,276,258 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of AvePoint during the fourth quarter worth about $18,067,000. Marshall Wace LLP bought a new position in shares of AvePoint during the fourth quarter worth about $11,342,000. Finally, Next Century Growth Investors LLC bought a new position in shares of AvePoint during the fourth quarter worth about $10,044,000. Institutional investors own 44.49% of the company's stock.

AvePoint Trading Up 1.5%

AVPT stock traded up $0.28 during trading on Wednesday, hitting $19.24. The company had a trading volume of 1,526,110 shares, compared to its average volume of 1,251,938. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of -384.72 and a beta of 1.30. The business has a 50 day moving average of $16.48 and a 200 day moving average of $16.98. AvePoint, Inc. has a fifty-two week low of $8.93 and a fifty-two week high of $20.25.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Scotiabank upped their price target on shares of AvePoint from $19.00 to $22.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 9th. The Goldman Sachs Group upped their price target on shares of AvePoint from $15.00 to $17.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. Citigroup lowered their price target on shares of AvePoint from $18.00 to $16.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Finally, William Blair restated an "outperform" rating on shares of AvePoint in a research report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, AvePoint currently has an average rating of "Moderate Buy" and a consensus price target of $17.40.

Insider Buying and Selling

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of the company's stock in a transaction dated 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 sale, the insider now directly owns 1,312,145 shares of the company's stock, valued at approximately $19,826,510.95. This represents a 2.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeff Epstein sold 500,000 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $18.77, for a total transaction of $9,385,000.00. Following the completion of the sale, the director now directly owns 1,157,891 shares of the company's stock, valued at $21,733,614.07. The trade was a 30.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 605,000 shares of company stock valued at $11,089,500 over the last 90 days. 26.19% of the stock is currently owned by company insiders.

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.