Trexquant Investment LP Grows Holdings in AvePoint, Inc. $AVPT

Key Points

• Trexquant Investment LP increased its stake in AvePoint by 70.7%, owning over 1 million shares valued at approximately $14.5 million following their Q1 purchase.
• Wall Street analysts have a mixed outlook on AvePoint, with average price targets ranging from $17.00 to $25.00, indicating potential for growth.
• Insider trading has shown activity, with Director Jeff Epstein selling 500,000 shares for about $9.4 million, resulting in a significant reduction of his ownership by 30.16%.

Trexquant Investment LP grew its stake in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 70.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,005,328 shares of the company's stock after acquiring an additional 416,469 shares during the quarter. Trexquant Investment LP owned about 0.50% of AvePoint worth $14,517,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Envestnet Asset Management Inc. acquired a new position in shares of AvePoint during the fourth quarter valued at approximately $169,000. Mariner LLC acquired a new position in AvePoint during the 4th quarter worth $183,000. MetLife Investment Management LLC raised its position in shares of AvePoint by 5.6% during the fourth quarter. MetLife Investment Management LLC now owns 77,985 shares of the company's stock valued at $1,288,000 after buying an additional 4,102 shares during the last quarter. Tower Research Capital LLC TRC raised its position in AvePoint by 53.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 16,473 shares of the company's stock worth $272,000 after purchasing an additional 5,745 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in AvePoint by 23.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 51,460 shares of the company's stock worth $850,000 after purchasing an additional 9,801 shares in the last quarter. Institutional investors and hedge funds own 44.49% of the company's stock.

AvePoint Trading Down 0.7%

Shares of AVPT stock traded down $0.12 during trading hours on Tuesday, reaching $16.24. The stock had a trading volume of 1,144,841 shares, compared to its average volume of 1,355,282. AvePoint, Inc. has a 12 month low of $11.33 and a 12 month high of $20.25. The firm has a market capitalization of $3.44 billion, a PE ratio of -323.84 and a beta of 1.40. The stock's fifty day simple moving average is $17.49 and its 200 day simple moving average is $16.91.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Jefferies Financial Group initiated coverage on shares of AvePoint in a research note on Monday, July 21st. They issued a "buy" rating and a $22.00 price objective on the stock. Cantor Fitzgerald raised shares of AvePoint to a "strong-buy" rating in a research report on Friday, July 25th. Citigroup reduced their target price on shares of AvePoint from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Monday, August 18th. The Goldman Sachs Group boosted their target price on shares of AvePoint from $15.00 to $17.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. Finally, Scotiabank upped their price objective 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. One 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. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.80.

Insiders Place Their Bets

In other news, insider Brian Michael Brown sold 35,000 shares of the business's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $15.47, for a total transaction of $541,450.00. Following the sale, the insider owned 1,155,443 shares in the company, valued at approximately $17,874,703.21. The trade was a 2.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 105,000 shares of company stock valued at $1,835,400 in the last quarter. Insiders own 26.19% of the company's stock.

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.