AvePoint, Inc. (NASDAQ:AVPT) Shares Acquired by Ashford Capital Management Inc.

Ashford Capital Management Inc. increased its holdings in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,108,720 shares of the company's stock after purchasing an additional 17,490 shares during the period. AvePoint accounts for about 2.2% of Ashford Capital Management Inc.'s holdings, making the stock its 21st biggest holding. Ashford Capital Management Inc. owned approximately 0.59% of AvePoint worth $18,305,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AVPT. Vanguard Group Inc. lifted its stake in shares of AvePoint by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 15,280,202 shares of the company's stock worth $252,276,000 after purchasing an additional 150,885 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of AvePoint by 56.9% during the 4th quarter. Wellington Management Group LLP now owns 6,430,203 shares of the company's stock valued at $106,163,000 after buying an additional 2,332,813 shares during the period. Geode Capital Management LLC lifted its position in AvePoint by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,850,268 shares of the company's stock worth $47,067,000 after acquiring an additional 20,720 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in AvePoint by 566.0% in the 4th 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 period. Finally, Parsifal Capital Management LP purchased a new position in AvePoint in the 4th quarter worth approximately $36,419,000. 44.49% of the stock is currently owned by institutional investors and hedge funds.

AvePoint Trading Down 2.1%

AVPT stock opened at $18.98 on Tuesday. The firm has a 50 day simple moving average of $15.68 and a 200-day simple moving average of $16.69. The company has a market capitalization of $3.83 billion, a P/E ratio of -379.52 and a beta of 1.30. AvePoint, Inc. has a twelve month low of $8.87 and a twelve month high of $20.25.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AVPT. Scotiabank lifted their price objective on shares of 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 lifted their price target on shares of AvePoint from $15.00 to $17.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. William Blair reissued an "outperform" rating on shares of AvePoint in a research report on Tuesday, March 4th. Finally, Citigroup lowered their target price on AvePoint from $18.00 to $16.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. 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, the company presently has a consensus rating of "Moderate Buy" and an average target price of $17.40.

Insider Buying and Selling at AvePoint

In other 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 sale, the insider now owns 1,312,145 shares in the company, valued at approximately $19,826,510.95. This represents a 2.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 26.19% of the stock is currently owned by insiders.

AvePoint Company 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.

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