Deutsche Bank AG decreased its holdings in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 30.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,210 shares of the company's stock after selling 54,923 shares during the period. Deutsche Bank AG owned about 0.07% of AvePoint worth $2,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in AvePoint by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 15,280,202 shares of the company's stock valued at $252,276,000 after purchasing an additional 150,885 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of AvePoint by 56.9% during 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. Geode Capital Management LLC lifted its position in shares of AvePoint by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,850,268 shares of the company's stock valued at $47,067,000 after buying an additional 20,720 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in AvePoint by 566.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,678,403 shares of the company's stock worth $44,220,000 after acquiring an additional 2,276,258 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in AvePoint by 7.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,657,804 shares of the company's stock worth $27,370,000 after acquiring an additional 121,144 shares during the period. 44.49% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages recently weighed in on AVPT. Citigroup dropped their target price on shares of AvePoint from $18.00 to $16.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. William Blair restated an "outperform" rating on shares of AvePoint in a report on Tuesday, March 4th. Scotiabank boosted their price objective on AvePoint from $19.00 to $22.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 9th. Finally, The Goldman Sachs Group upped their price objective on AvePoint from $15.00 to $17.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $17.40.
Check Out Our Latest Analysis on AvePoint
AvePoint Stock Down 0.4%
AVPT traded down $0.08 during trading hours on Wednesday, reaching $18.58. 125,702 shares of the company's stock traded hands, compared to its average volume of 1,240,197. The firm has a 50-day moving average price of $16.13 and a 200 day moving average price of $16.88. AvePoint, Inc. has a 52-week low of $8.87 and a 52-week high of $20.25. The firm has a market capitalization of $3.78 billion, a PE ratio of -371.31 and a beta of 1.30.
Insider Activity
In related news, insider Brian Michael Brown sold 35,000 shares of the company's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $15.11, for a total transaction of $528,850.00. Following the transaction, the insider now directly owns 1,312,145 shares of the company's stock, valued at $19,826,510.95. This represents a 2.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 26.19% of the company's stock.
About AvePoint
(
Free Report)
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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