Caxton Associates LLP Makes New $351,000 Investment in AvePoint, Inc. $AVPT

Key Points

• Caxton Associates LLP has made a new investment in AvePoint, Inc., acquiring 24,323 shares valued at approximately $351,000.
• Institutional investors and hedge funds now own 44.49% of AvePoint's stock, with notable investments from Parsifal Capital Management and Millennium Management.
• AvePoint's stock rating has a consensus of "Moderate Buy" with an average target price of $20.80 according to multiple analysts.

Caxton Associates LLP acquired a new position in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 24,323 shares of the company's stock, valued at approximately $351,000.

A number of other large investors have also recently bought and sold shares of AVPT. Parsifal Capital Management LP grew its stake in AvePoint by 130.3% during the first quarter. Parsifal Capital Management LP now owns 5,080,742 shares of the company's stock worth $73,366,000 after buying an additional 2,874,842 shares in the last quarter. Jennison Associates LLC bought a new position in AvePoint in the first quarter valued at about $30,648,000. Millennium Management LLC grew its position in AvePoint by 104.3% in the first quarter. Millennium Management LLC now owns 2,058,092 shares of the company's stock valued at $29,719,000 after acquiring an additional 1,050,500 shares during the last quarter. Nuveen LLC bought a new position in AvePoint in the first quarter valued at about $14,907,000. Finally, Invesco Ltd. grew its position in AvePoint by 112.8% in the first quarter. Invesco Ltd. now owns 1,678,190 shares of the company's stock valued at $24,233,000 after acquiring an additional 889,671 shares during the last quarter. 44.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Cantor Fitzgerald upgraded AvePoint to a "strong-buy" rating in a research report on Friday, July 25th. Citigroup lowered their price target 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. Jefferies Financial Group started coverage on shares of AvePoint in a report on Monday, July 21st. They set a "buy" rating and a $22.00 price target for the company. Finally, B. Riley assumed coverage on shares of AvePoint in a report on Tuesday, August 26th. They set a "buy" rating and a $25.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $20.80.

Insider Buying and Selling

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of AvePoint stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $15.47, for a total transaction of $541,450.00. Following the transaction, the insider directly owned 1,155,443 shares of the company's stock, valued at approximately $17,874,703.21. The trade was a 2.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 105,000 shares of company stock worth $1,835,400. 26.19% of the stock is currently owned by insiders.

AvePoint Stock Down 3.0%

Shares of AVPT opened at $15.61 on Friday. AvePoint, Inc. has a 12-month low of $11.43 and a 12-month high of $20.25. The business has a 50-day simple moving average of $16.99 and a two-hundred day simple moving average of $16.80. The stock has a market cap of $3.31 billion, a PE ratio of -312.14 and a beta of 1.40.

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.

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