Calamos Advisors LLC Decreases Stock Holdings in AvePoint, Inc. (NASDAQ:AVPT)

Calamos Advisors LLC reduced its position in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 10.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,166 shares of the company's stock after selling 16,261 shares during the period. Calamos Advisors LLC owned approximately 0.07% of AvePoint worth $2,053,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of AvePoint by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 15,280,202 shares of the company's stock valued at $252,276,000 after acquiring an additional 150,885 shares during the last quarter. Wellington Management Group LLP grew its holdings in AvePoint by 56.9% during 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 boosted its position in shares of 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 purchasing an additional 20,720 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of AvePoint by 566.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,678,403 shares of the company's stock worth $44,220,000 after purchasing an additional 2,276,258 shares in the last quarter. Finally, Parsifal Capital Management LP bought a new position in shares of AvePoint during the 4th quarter worth about $36,419,000. 44.49% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Brian Michael Brown sold 35,000 shares of AvePoint stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $18.23, for a total transaction of $638,050.00. Following the completion of the sale, the insider directly owned 1,225,443 shares of the company's stock, valued at approximately $22,339,825.89. The trade was a 2.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jeff Epstein sold 500,000 shares of AvePoint stock in a transaction on Monday, June 2nd. The stock was 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 of the company's stock, valued at $21,733,614.07. This represents a 30.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 605,000 shares of company stock valued at $11,188,550 over the last ninety days. 26.19% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AVPT has been the topic of several recent research reports. Citigroup dropped 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. 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 note on Monday, May 12th. Finally, 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. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.40.

AvePoint Price Performance

NASDAQ:AVPT traded down $0.24 during trading hours on Tuesday, hitting $18.63. The stock had a trading volume of 266,171 shares, compared to its average volume of 1,240,548. The company has a 50 day simple moving average of $18.54 and a two-hundred day simple moving average of $17.11. AvePoint, Inc. has a one year low of $9.38 and a one year high of $20.25. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of -143.30 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.