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

Ashford Capital Management Inc. grew its position in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,108,720 shares of the company's stock after purchasing an additional 17,490 shares during the quarter. AvePoint makes up about 2.2% of Ashford Capital Management Inc.'s holdings, making the stock its 21st largest position. Ashford Capital Management Inc. owned 0.59% of AvePoint worth $18,305,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AVPT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in AvePoint by 13.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 263,084 shares of the company's stock worth $4,344,000 after acquiring an additional 30,399 shares during the period. Voloridge Investment Management LLC raised its stake in shares of AvePoint by 102.6% during the fourth quarter. Voloridge Investment Management LLC now owns 965,022 shares of the company's stock worth $15,933,000 after purchasing an additional 488,706 shares during the last quarter. Woodline Partners LP acquired a new stake in shares of AvePoint during the fourth quarter worth $350,000. Squarepoint Ops LLC lifted its holdings in shares of AvePoint by 27.1% during the fourth quarter. Squarepoint Ops LLC now owns 345,898 shares of the company's stock worth $5,711,000 after purchasing an additional 73,723 shares during the period. Finally, Two Sigma Advisers LP grew its position in AvePoint by 96.7% in the 4th quarter. Two Sigma Advisers LP now owns 65,700 shares of the company's stock valued at $1,085,000 after buying an additional 32,300 shares during the last quarter. Hedge funds and other institutional investors own 44.49% of the company's stock.

AvePoint Trading Up 0.7%

Shares of NASDAQ:AVPT traded up $0.12 during midday trading on Friday, hitting $18.23. 929,299 shares of the stock were exchanged, compared to its average volume of 1,244,693. AvePoint, Inc. has a twelve month low of $8.87 and a twelve month high of $20.25. The company has a 50 day moving average price of $15.99 and a 200-day moving average price of $16.82. The stock has a market cap of $3.68 billion, a P/E ratio of -364.53 and a beta of 1.30.

Analysts Set New Price Targets

Several research firms recently issued reports on AVPT. Citigroup cut their price target on shares of AvePoint from $18.00 to $16.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. The Goldman Sachs Group raised their price target on AvePoint from $15.00 to $17.00 and gave the company a "neutral" rating in a report on Monday, May 12th. Scotiabank increased their price objective on AvePoint from $19.00 to $22.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 9th. Finally, William Blair restated an "outperform" rating on shares of AvePoint in a research report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, AvePoint has an average rating of "Moderate Buy" and an average target price of $17.40.

Insider Buying and Selling at AvePoint

In related news, insider Brian Michael Brown sold 35,000 shares of AvePoint stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $15.40, for a total transaction of $539,000.00. Following the completion of the transaction, the insider now directly owns 1,347,145 shares in the company, valued at $20,746,033. The trade was a 2.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 26.19% of the stock is currently owned by 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.