AvePoint, Inc. (NASDAQ:AVPT) Stock Holdings Lifted by Bank of America Corp DE

Bank of America Corp DE lifted its position in AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 420,144 shares of the company's stock after acquiring an additional 22,316 shares during the quarter. Bank of America Corp DE owned 0.23% of AvePoint worth $6,937,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in AvePoint during the 4th quarter valued at approximately $25,000. Heck Capital Advisors LLC bought a new stake in AvePoint during the 4th quarter valued at $29,000. Principal Securities Inc. raised its stake in AvePoint by 12,961.9% during the 4th quarter. Principal Securities Inc. now owns 2,743 shares of the company's stock valued at $45,000 after acquiring an additional 2,722 shares in the last quarter. R Squared Ltd bought a new stake in AvePoint during the 4th quarter valued at $45,000. Finally, Pacer Advisors Inc. raised its stake in AvePoint by 29.7% during the 4th quarter. Pacer Advisors Inc. now owns 4,409 shares of the company's stock valued at $73,000 after acquiring an additional 1,010 shares in the last quarter. Institutional investors and hedge funds own 44.49% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Citigroup cut their target price on AvePoint from $18.00 to $16.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. William Blair reaffirmed an "outperform" rating on shares of AvePoint in a research note on Tuesday, March 4th. Scotiabank lifted their target price on AvePoint from $19.00 to $22.00 and gave the company a "sector outperform" rating in a research note on Friday, May 9th. Finally, The Goldman Sachs Group lifted their target price on AvePoint from $15.00 to $17.00 and gave the company a "neutral" rating in a research note on Monday, May 12th. 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 currently has an average rating of "Moderate Buy" and an average target price of $17.40.

AvePoint Price Performance

Shares of AVPT traded up $0.12 during midday trading on Friday, reaching $18.62. The stock had a trading volume of 1,141,898 shares, compared to its average volume of 1,250,688. AvePoint, Inc. has a 52 week low of $8.87 and a 52 week high of $20.25. The firm's 50 day moving average price is $16.33 and its 200-day moving average price is $16.94. The company has a market capitalization of $3.78 billion, a P/E ratio of -372.33 and a beta of 1.30.

Insider Transactions at AvePoint

In other news, insider Brian Michael Brown sold 35,000 shares of the business's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $15.11, for a total transaction of $528,850.00. Following the sale, the insider now directly owns 1,312,145 shares of the company's stock, valued at $19,826,510.95. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders have sold 105,000 shares of company stock valued at $1,704,500. Corporate insiders own 26.19% of the company's stock.

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.