Neo Ivy Capital Management Acquires Shares of 377,301 AvePoint, Inc. (NASDAQ:AVPT)

Neo Ivy Capital Management bought a new position in AvePoint, Inc. (NASDAQ:AVPT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 377,301 shares of the company's stock, valued at approximately $6,229,000. AvePoint comprises about 1.3% of Neo Ivy Capital Management's investment portfolio, making the stock its 11th largest position. Neo Ivy Capital Management owned about 0.20% of AvePoint as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AVPT. Ashford Capital Management Inc. lifted its stake in shares of AvePoint by 1.6% in the 4th quarter. Ashford Capital Management Inc. now owns 1,108,720 shares of the company's stock worth $18,305,000 after purchasing an additional 17,490 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in AvePoint by 13.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 263,084 shares of the company's stock valued at $4,344,000 after buying an additional 30,399 shares during the last quarter. Voloridge Investment Management LLC raised its position in AvePoint by 102.6% in the fourth quarter. Voloridge Investment Management LLC now owns 965,022 shares of the company's stock worth $15,933,000 after acquiring an additional 488,706 shares during the period. Woodline Partners LP purchased a new position in shares of AvePoint during the 4th quarter worth $350,000. Finally, Squarepoint Ops LLC grew its position in shares of AvePoint by 27.1% during the 4th quarter. Squarepoint Ops LLC now owns 345,898 shares of the company's stock valued at $5,711,000 after acquiring an additional 73,723 shares during the period. 44.49% of the stock is currently owned by institutional investors.

AvePoint Stock Up 0.7%

AVPT stock traded up $0.12 during trading on Monday, reaching $18.23. The company's stock had a trading volume of 929,299 shares, compared to its average volume of 1,244,693. The company's fifty day moving average is $15.99 and its 200-day moving average is $16.84. The company has a market capitalization of $3.70 billion, a P/E ratio of -364.53 and a beta of 1.30. AvePoint, Inc. has a 1 year low of $8.87 and a 1 year high of $20.25.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AVPT. Scotiabank raised 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. William Blair reaffirmed an "outperform" rating on shares of AvePoint in a research note on Tuesday, March 4th. Citigroup cut 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. Finally, The Goldman Sachs Group increased their target price on shares of AvePoint from $15.00 to $17.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $17.40.

Insider Buying and Selling

In other news, insider Brian Michael Brown sold 35,000 shares of the business's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $15.11, for a total value of $528,850.00. Following the transaction, the insider now owns 1,312,145 shares of the company's stock, valued at approximately $19,826,510.95. The trade was a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.19% of the stock is currently owned by company insiders.

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.