Nuveen Asset Management LLC Acquires 140,701 Shares of AvePoint, Inc. (NASDAQ:AVPT)

Nuveen Asset Management LLC lifted its stake in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 15.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,030,872 shares of the company's stock after acquiring an additional 140,701 shares during the quarter. Nuveen Asset Management LLC owned 0.55% of AvePoint worth $17,020,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Barclays PLC lifted its holdings in shares of AvePoint by 358.5% in the third quarter. Barclays PLC now owns 206,358 shares of the company's stock valued at $2,428,000 after purchasing an additional 161,354 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of AvePoint by 31.2% in the fourth quarter. SG Americas Securities LLC now owns 30,060 shares of the company's stock valued at $496,000 after purchasing an additional 7,141 shares in the last quarter. Southland Equity Partners LLC purchased a new stake in shares of AvePoint in the fourth quarter valued at $197,000. Pacer Advisors Inc. lifted its holdings in shares of AvePoint by 29.7% in the fourth quarter. Pacer Advisors Inc. now owns 4,409 shares of the company's stock valued at $73,000 after purchasing an additional 1,010 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of AvePoint in the fourth quarter valued at $45,000. 44.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

AVPT has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their target price on AvePoint from $15.00 to $17.00 and gave the company a "neutral" rating in a report on Monday, May 12th. Scotiabank increased their price objective 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 reiterated an "outperform" rating on shares of AvePoint in a report on Tuesday, March 4th. Finally, Citigroup cut their price objective on AvePoint from $18.00 to $16.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $17.40.

AvePoint Trading Down 0.7%

NASDAQ AVPT traded down $0.13 during trading on Thursday, hitting $18.46. 278,444 shares of the company traded hands, compared to its average volume of 1,243,316. AvePoint, Inc. has a 12 month low of $8.87 and a 12 month high of $20.25. The business has a fifty day simple moving average of $16.20 and a 200 day simple moving average of $16.89. The company has a market capitalization of $3.75 billion, a P/E ratio of -368.73 and a beta of 1.30.

Insider Activity

In related news, insider Brian Michael Brown sold 35,000 shares of AvePoint 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders have sold 105,000 shares of company stock valued at $1,704,500. 26.19% of the stock is owned by insiders.

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.