AvePoint, Inc. (NASDAQ:AVPT) Shares Sold by Calamos Advisors LLC

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in shares of AvePoint by 5.9% during the 1st quarter. Principal Financial Group Inc. now owns 78,396 shares of the company's stock valued at $1,132,000 after buying an additional 4,348 shares during the last quarter. KBC Group NV purchased a new stake in AvePoint during the first quarter valued at about $67,000. Highland Capital Management LLC acquired a new stake in AvePoint during the 1st quarter valued at $175,000. Handelsbanken Fonder AB boosted its position in AvePoint by 42.6% during the 1st quarter. Handelsbanken Fonder AB now owns 39,500 shares of the company's stock worth $570,000 after acquiring an additional 11,800 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of AvePoint by 3.1% during the first quarter. SG Americas Securities LLC now owns 30,982 shares of the company's stock worth $447,000 after purchasing an additional 922 shares during the period. 44.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AVPT has been the subject of a number of analyst reports. Scotiabank lifted their target price 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. Citigroup dropped their target price 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, The Goldman Sachs Group boosted their price target on shares of AvePoint from $15.00 to $17.00 and gave the company a "neutral" rating in a report on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, AvePoint has a consensus rating of "Moderate Buy" and an average target price of $17.40.

Insider Transactions at AvePoint

In related news, insider Brian Michael Brown sold 35,000 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $18.23, for a total value of $638,050.00. Following the completion of the sale, the insider directly owned 1,225,443 shares in the company, valued at $22,339,825.89. This trade represents a 2.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $9,385,000.00. Following the sale, the director owned 1,157,891 shares of the company's stock, valued at approximately $21,733,614.07. This trade represents a 30.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 605,000 shares of company stock worth $11,188,550. 26.19% of the stock is currently owned by company insiders.

AvePoint Stock Up 0.4%

AVPT traded up $0.07 during trading hours on Wednesday, hitting $18.70. The stock had a trading volume of 481,509 shares, compared to its average volume of 1,241,546. The stock has a market cap of $3.80 billion, a PE ratio of -143.84 and a beta of 1.33. AvePoint, Inc. has a 1 year low of $9.38 and a 1 year high of $20.25. The company's fifty day simple moving average is $18.59 and its 200 day simple moving average is $17.12.

AvePoint 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.