Cerity Partners LLC Purchases 29,034 Shares of AvePoint, Inc. (NASDAQ:AVPT)

Cerity Partners LLC boosted its stake in AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 70.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,454 shares of the company's stock after buying an additional 29,034 shares during the quarter. Cerity Partners LLC's holdings in AvePoint were worth $1,017,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AVPT. Wellington Management Group LLP boosted its stake in AvePoint by 56.9% in the 4th quarter. Wellington Management Group LLP now owns 6,430,203 shares of the company's stock valued at $106,163,000 after buying an additional 2,332,813 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in AvePoint by 566.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,678,403 shares of the company's stock valued at $44,220,000 after buying an additional 2,276,258 shares in the last quarter. Parsifal Capital Management LP acquired a new position in shares of AvePoint in the 4th quarter worth approximately $36,419,000. Raymond James Financial Inc. acquired a new position in shares of AvePoint in the 4th quarter worth approximately $18,067,000. Finally, Gotham Asset Management LLC boosted its holdings in shares of AvePoint by 4,694.5% in the 4th quarter. Gotham Asset Management LLC now owns 840,963 shares of the company's stock worth $13,884,000 after acquiring an additional 823,423 shares in the last quarter. Institutional investors and hedge funds own 44.49% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Jefferies Financial Group assumed coverage on AvePoint in a report on Monday, July 21st. They issued a "buy" rating and a $22.00 target price on the stock. Scotiabank boosted 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. Cantor Fitzgerald raised AvePoint to a "strong-buy" rating in a report on Friday. Finally, The Goldman Sachs Group boosted their target price on AvePoint from $15.00 to $17.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $18.17.

Insider Buying and Selling at AvePoint

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $18.74, for a total transaction of $655,900.00. Following the completion of the sale, the insider owned 1,190,443 shares in the company, valued at approximately $22,308,901.82. The trade was a 2.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jeff Epstein sold 500,000 shares of the company's stock in a transaction on 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 sale, the director owned 1,157,891 shares of the company's stock, valued at $21,733,614.07. The trade was a 30.16% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 605,000 shares of company stock worth $11,315,600. Company insiders own 26.19% of the company's stock.

AvePoint Stock Up 0.3%

NASDAQ:AVPT traded up $0.06 during trading hours on Friday, hitting $18.56. 885,007 shares of the stock were exchanged, compared to its average volume of 1,115,773. The company's 50 day moving average is $18.73 and its two-hundred day moving average is $17.27. AvePoint, Inc. has a twelve month low of $9.38 and a twelve month high of $20.25. The company has a market capitalization of $3.77 billion, a P/E ratio of -142.76 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.