GAMMA Investing LLC Has $495,000 Stake in AvePoint, Inc. (NASDAQ:AVPT)

GAMMA Investing LLC grew its holdings in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 1,655.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,309 shares of the company's stock after acquiring an additional 32,355 shares during the quarter. GAMMA Investing LLC's holdings in AvePoint were worth $495,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in AvePoint by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 15,280,202 shares of the company's stock worth $252,276,000 after acquiring an additional 150,885 shares in the last quarter. Wellington Management Group LLP raised its stake in AvePoint by 56.9% during the fourth quarter. Wellington Management Group LLP now owns 6,430,203 shares of the company's stock worth $106,163,000 after acquiring an additional 2,332,813 shares in the last quarter. Geode Capital Management LLC raised its stake in AvePoint by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 2,850,268 shares of the company's stock worth $47,067,000 after acquiring an additional 20,720 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in AvePoint by 566.0% during the fourth 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, Parsifal Capital Management LP acquired a new position in AvePoint during the fourth quarter worth about $36,419,000. Institutional investors and hedge funds own 44.49% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on AVPT. William Blair reissued an "outperform" rating on shares of AvePoint in a research note on Tuesday, March 4th. Citigroup lowered their price objective on AvePoint from $18.00 to $16.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. 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 note on Monday, May 12th. Finally, Scotiabank upped their price objective on AvePoint from $19.00 to $22.00 and gave the company a "sector outperform" rating in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $17.40.

AvePoint Price Performance

AvePoint stock opened at $18.42 on Friday. The business has a 50 day moving average of $17.61 and a 200-day moving average of $17.09. AvePoint, Inc. has a 1 year low of $9.38 and a 1 year high of $20.25. The company has a market capitalization of $3.74 billion, a P/E ratio of -141.68 and a beta of 1.34.

Insider Buying and Selling at AvePoint

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of the stock in a transaction that occurred on 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 sale, the insider now owns 1,312,145 shares of the company's stock, valued at approximately $19,826,510.95. This represents a 2.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jeff Epstein sold 500,000 shares of the stock in a transaction that occurred 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 now directly owns 1,157,891 shares of the company's stock, valued at $21,733,614.07. This represents a 30.16% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 605,000 shares of company stock valued at $11,089,500. 26.19% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding AVPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AvePoint, Inc. (NASDAQ:AVPT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.