Nuveen LLC acquired a new position in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,032,308 shares of the company's stock, valued at approximately $14,907,000. Nuveen LLC owned about 0.51% of AvePoint at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Heck Capital Advisors LLC purchased a new stake in shares of AvePoint during the 4th quarter worth approximately $29,000. Versant Capital Management Inc purchased a new stake in shares of AvePoint during the 1st quarter worth approximately $31,000. Point72 Hong Kong Ltd purchased a new stake in shares of AvePoint during the 4th quarter worth approximately $40,000. KBC Group NV purchased a new stake in shares of AvePoint during the 1st quarter worth approximately $67,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of AvePoint during the 1st quarter worth approximately $100,000. Hedge funds and other institutional investors own 44.49% of the company's stock.
AvePoint Stock Performance
AVPT traded up $0.07 during trading on Tuesday, hitting $15.36. The stock had a trading volume of 1,691,814 shares, compared to its average volume of 1,668,483. The firm has a market capitalization of $3.26 billion, a P/E ratio of -307.14 and a beta of 1.35. The company's 50-day moving average price is $17.66 and its 200 day moving average price is $17.02. AvePoint, Inc. has a twelve month low of $10.65 and a twelve month high of $20.25.
Wall Street Analyst Weigh In
AVPT has been the subject of several research reports. B. Riley initiated coverage on shares of AvePoint in a research report on Tuesday. They issued a "buy" rating and a $25.00 price target for the company. Citigroup reduced their price target on shares of AvePoint from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, August 18th. Scotiabank upped 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. Cantor Fitzgerald upgraded shares of AvePoint to a "strong-buy" rating in a research report on Friday, July 25th. Finally, Jefferies Financial Group initiated coverage on shares of AvePoint in a research report on Monday, July 21st. They issued a "buy" rating and a $22.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $20.80.
Check Out Our Latest Stock Report on AvePoint
Insider Buying and Selling at AvePoint
In other AvePoint news, Director Jeff Epstein sold 500,000 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $18.77, for a total value of $9,385,000.00. Following the transaction, the director directly owned 1,157,891 shares of the company's stock, valued at approximately $21,733,614.07. The trade was a 30.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brian Michael Brown sold 35,000 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $18.74, for a total transaction of $655,900.00. Following the completion of the transaction, the insider directly owned 1,190,443 shares in the company, valued at $22,308,901.82. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 570,000 shares of company stock worth $10,678,950 over the last three months. 26.19% of the stock is currently owned by corporate insiders.
AvePoint Company Profile
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Free Report)
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.
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