36,373 Shares in AvePoint, Inc. $AVPT Bought by EntryPoint Capital LLC

Key Points

• EntryPoint Capital LLC has acquired a new stake in AvePoint, Inc. by purchasing 36,373 shares valued at approximately $525,000 in the first quarter.
• Multiple institutional investors, including Heck Capital Advisors and Summit Securities Group, have also increased their positions in AvePoint recently, resulting in institutional ownership of 44.49% of the company's stock.
• Analyst ratings for AvePoint vary, with Goldman Sachs adjusting their price target to $17.00 while Jefferies set a target of $22.00, reflecting a consensus average target price of $19.75.

EntryPoint Capital LLC bought a new stake in AvePoint, Inc. (NASDAQ:AVPT - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 36,373 shares of the company's stock, valued at approximately $525,000.

Other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC boosted its stake in shares of AvePoint by 21.3% in the 4th quarter. LPL Financial LLC now owns 12,777 shares of the company's stock valued at $211,000 after purchasing an additional 2,242 shares in the last quarter. Wells Fargo & Company MN lifted its stake in AvePoint by 25.4% in the 4th quarter. Wells Fargo & Company MN now owns 123,506 shares of the company's stock valued at $2,039,000 after purchasing an additional 25,027 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in AvePoint in the 4th quarter valued at approximately $169,000. Legal & General Group Plc boosted its position in AvePoint by 10.4% in the fourth quarter. Legal & General Group Plc now owns 124,513 shares of the company's stock valued at $2,056,000 after buying an additional 11,687 shares in the last quarter. Finally, Summit Investment Advisors Inc. grew its stake in shares of AvePoint by 8.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 13,475 shares of the company's stock worth $222,000 after buying an additional 1,042 shares during the last quarter. Institutional investors and hedge funds own 44.49% of the company's stock.

Insider Transactions at AvePoint

In other AvePoint news, Director Jeff Epstein sold 500,000 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $18.77, for a total value 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. This trade represents a 30.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brian Michael Brown sold 35,000 shares of AvePoint stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $18.74, for a total value of $655,900.00. Following the sale, the insider owned 1,190,443 shares of the company's stock, valued at approximately $22,308,901.82. This trade represents a 2.86% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 570,000 shares of company stock worth $10,678,950. Insiders own 26.19% of the company's stock.

Wall Street Analyst Weigh In

AVPT has been the subject of a number of research reports. Cantor Fitzgerald upgraded AvePoint to a "strong-buy" rating in a research note on Friday, July 25th. Jefferies Financial Group initiated coverage on AvePoint in a report on Monday, July 21st. They issued a "buy" rating and a $22.00 target price for the company. Citigroup dropped their target price on AvePoint from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, August 18th. The Goldman Sachs Group boosted their price target on AvePoint from $15.00 to $17.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. Finally, Scotiabank raised their price objective on shares of AvePoint from $19.00 to $22.00 and gave the company a "sector outperform" rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $19.75.

AvePoint Trading Down 0.7%

Shares of AVPT traded down $0.1050 on Monday, reaching $15.5150. The company's stock had a trading volume of 340,408 shares, compared to its average volume of 1,348,802. AvePoint, Inc. has a twelve month low of $10.65 and a twelve month high of $20.25. The stock has a market capitalization of $3.29 billion, a PE ratio of -310.24 and a beta of 1.35. The firm has a fifty day moving average of $17.80 and a 200-day moving average of $17.06.

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.