Capital Fund Management S.A. Purchases New Holdings in AvePoint, Inc. $AVPT

Key Points

• Capital Fund Management S.A. acquired 71,314 shares of AvePoint, Inc. for approximately $1,030,000 during the first quarter.
• AvePoint's stock has risen 0.5%, with recent insider selling totaling 570,000 shares valued at around $10.7 million.
• Analysts have mixed opinions on AvePoint, with ratings including a "buy" from B. Riley and a price target increase from Scotiabank, bringing the consensus price target to $20.80.

Capital Fund Management S.A. acquired a new position in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 71,314 shares of the company's stock, valued at approximately $1,030,000.

Several other hedge funds and other institutional investors have also modified their holdings of AVPT. LPL Financial LLC raised its holdings in shares of AvePoint by 21.3% during the fourth quarter. LPL Financial LLC now owns 12,777 shares of the company's stock worth $211,000 after acquiring an additional 2,242 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in AvePoint in the fourth quarter worth $169,000. Barclays PLC boosted its holdings in AvePoint by 11.6% in the fourth quarter. Barclays PLC now owns 230,341 shares of the company's stock worth $3,803,000 after purchasing an additional 23,983 shares in the last quarter. Mariner LLC bought a new stake in AvePoint in the fourth quarter worth $183,000. Finally, MetLife Investment Management LLC boosted its holdings in AvePoint by 5.6% in the fourth quarter. MetLife Investment Management LLC now owns 77,985 shares of the company's stock worth $1,288,000 after purchasing an additional 4,102 shares in the last quarter. 44.49% of the stock is currently owned by hedge funds and other institutional investors.

AvePoint Trading Up 1.6%

AVPT traded up $0.26 during trading on Monday, hitting $16.36. The stock had a trading volume of 1,702,038 shares, compared to its average volume of 1,683,191. The firm has a market cap of $3.47 billion, a PE ratio of -327.13 and a beta of 1.40. AvePoint, Inc. has a 12 month low of $11.27 and a 12 month high of $20.25. The company has a 50 day simple moving average of $17.49 and a 200-day simple moving average of $16.91.

Insider Buying and Selling

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $15.47, for a total value of $541,450.00. Following the completion of the sale, the insider directly owned 1,155,443 shares of the company's stock, valued at $17,874,703.21. This represents a 2.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have sold 105,000 shares of company stock valued at $1,835,400. Company insiders own 26.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AVPT shares. The Goldman Sachs Group upped their price objective on shares of AvePoint from $15.00 to $17.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. Citigroup decreased their price objective on shares of AvePoint from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Monday, August 18th. Cantor Fitzgerald upgraded shares of AvePoint to a "strong-buy" rating in a report on Friday, July 25th. Jefferies Financial Group started coverage on shares of AvePoint in a report on Monday, July 21st. They issued a "buy" rating and a $22.00 price objective for the company. Finally, B. Riley started coverage on shares of AvePoint in a report on Tuesday, August 26th. They issued a "buy" rating and a $25.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $20.80.

About AvePoint

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.