GAMMA Investing LLC Raises Stake in AvePoint, Inc. (NASDAQ:AVPT)

GAMMA Investing LLC increased its holdings in AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 1,655.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,309 shares of the company's stock after purchasing an additional 32,355 shares during the period. GAMMA Investing LLC's holdings in AvePoint were worth $495,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in AVPT. Wellington Management Group LLP boosted its stake in shares of 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 purchasing an additional 2,332,813 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of 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 purchasing an additional 2,276,258 shares in the last quarter. Parsifal Capital Management LP purchased a new stake in shares of AvePoint in the 4th quarter valued at $36,419,000. Raymond James Financial Inc. purchased a new stake in shares of AvePoint in the 4th quarter valued at $18,067,000. Finally, Gotham Asset Management LLC boosted its stake 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 valued at $13,884,000 after purchasing an additional 823,423 shares in the last quarter. Hedge funds and other institutional investors own 44.49% of the company's stock.

Insider Transactions at AvePoint

In related news, insider Brian Michael Brown sold 35,000 shares of AvePoint stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $15.11, for a total transaction of $528,850.00. Following the completion of the transaction, the insider now directly owns 1,312,145 shares of the company's stock, valued at $19,826,510.95. This trade represents a 2.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jeff Epstein sold 500,000 shares of AvePoint stock in a transaction dated 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 transaction, the director now directly owns 1,157,891 shares of the company's stock, valued at approximately $21,733,614.07. This trade represents a 30.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 570,000 shares of company stock valued at $10,550,500. Company insiders own 26.19% of the company's stock.

Analyst Ratings Changes

AVPT has been the subject of a number of research reports. William Blair reaffirmed an "outperform" rating on shares of AvePoint in a research note on Tuesday, March 4th. The Goldman Sachs Group increased their price target on shares of AvePoint from $15.00 to $17.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. Scotiabank increased their price target on shares of AvePoint from $19.00 to $22.00 and gave the company a "sector outperform" rating in a research report on Friday, May 9th. Finally, Citigroup dropped their price target on shares of AvePoint from $18.00 to $16.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, AvePoint presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.40.

AvePoint Stock Up 2.1%

Shares of NASDAQ:AVPT traded up $0.38 on Monday, hitting $18.34. The company had a trading volume of 1,527,303 shares, compared to its average volume of 1,245,539. The firm's 50-day simple moving average is $17.75 and its two-hundred day simple moving average is $17.06. AvePoint, Inc. has a 1 year low of $9.38 and a 1 year high of $20.25. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of -141.07 and a beta of 1.34.

AvePoint 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.