Calamos Advisors LLC Has $2.05 Million Holdings in AvePoint, Inc. (NASDAQ:AVPT)

Calamos Advisors LLC lessened its position in AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 10.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 142,166 shares of the company's stock after selling 16,261 shares during the quarter. Calamos Advisors LLC owned about 0.07% of AvePoint worth $2,053,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in AvePoint by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 15,280,202 shares of the company's stock worth $252,276,000 after acquiring an additional 150,885 shares during the period. Wellington Management Group LLP raised its holdings in AvePoint by 56.9% in the 4th 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 period. Geode Capital Management LLC raised its holdings in AvePoint by 0.7% in 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 during the period. Arrowstreet Capital Limited Partnership raised 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 acquired a new stake in AvePoint in the 4th quarter worth $36,419,000. Institutional investors own 44.49% of the company's stock.

Analysts Set New Price Targets

AVPT has been the topic of several research analyst reports. The Goldman Sachs Group raised 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 decreased their price target on shares of AvePoint from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Finally, Scotiabank raised 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $17.40.

Insider Activity

In other news, Director Jeff Epstein sold 500,000 shares of AvePoint 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 sale, the director directly owned 1,157,891 shares in the company, valued at approximately $21,733,614.07. The trade was a 30.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Michael Brown sold 35,000 shares of AvePoint stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $18.23, for a total transaction of $638,050.00. Following the sale, the insider owned 1,225,443 shares in the company, valued at approximately $22,339,825.89. This trade represents a 2.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 605,000 shares of company stock worth $11,188,550. 26.19% of the stock is owned by company insiders.

AvePoint Price Performance

Shares of AvePoint stock traded up $0.30 during trading on Friday, hitting $18.80. 578,126 shares of the company's stock traded hands, compared to its average volume of 1,245,471. The firm's fifty day moving average price is $18.49 and its 200 day moving average price is $17.10. AvePoint, Inc. has a twelve month low of $9.38 and a twelve month high of $20.25. The company has a market cap of $3.82 billion, a PE ratio of -144.60 and a beta of 1.33.

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.