Calamos Advisors LLC Trims Stake in AvePoint, Inc. (NASDAQ:AVPT)

Calamos Advisors LLC trimmed its holdings in AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 10.3% in the 1st quarter, according to the company in its most recent 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 quarter. Calamos Advisors LLC owned about 0.07% of AvePoint worth $2,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in AVPT. Heck Capital Advisors LLC purchased a new position in AvePoint in the fourth quarter worth about $29,000. Versant Capital Management Inc bought a new stake in AvePoint in the 1st quarter worth about $31,000. Point72 Hong Kong Ltd bought a new position in shares of AvePoint during the 4th quarter valued at $40,000. KBC Group NV purchased a new position in shares of AvePoint in the first quarter worth approximately $67,000. Finally, Blair William & Co. IL raised its holdings in AvePoint by 24.7% in the 4th quarter. Blair William & Co. IL now owns 7,563 shares of the company's stock worth $125,000 after purchasing an additional 1,500 shares during the period. 44.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Jeff Epstein sold 500,000 shares of the company's 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 completion of the transaction, the director owned 1,157,891 shares in the company, valued at $21,733,614.07. This represents a 30.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Michael Brown sold 35,000 shares of AvePoint stock in a transaction dated 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 owned 1,225,443 shares in the company, valued at approximately $22,339,825.89. The trade was a 2.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 605,000 shares of company stock worth $11,188,550 in the last quarter. 26.19% of the stock is currently owned by company insiders.

AvePoint Stock Up 0.1%

AvePoint stock traded up $0.01 during trading hours on Monday, hitting $18.87. 973,744 shares of the stock traded hands, compared to its average volume of 1,244,385. AvePoint, Inc. has a 1 year low of $9.38 and a 1 year high of $20.25. The firm's 50 day moving average price is $18.49 and its 200-day moving average price is $17.10.

Wall Street Analysts Forecast Growth

AVPT has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price objective on AvePoint from $15.00 to $17.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Scotiabank upped their target price on AvePoint from $19.00 to $22.00 and gave the stock a "sector outperform" rating in a report on Friday, May 9th. Finally, Citigroup cut their price objective 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. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, AvePoint currently has an average rating of "Moderate Buy" and a consensus target price of $17.40.

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.