AvePoint, Inc. (NASDAQ:AVPT) Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC boosted its stake in AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 27.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 345,898 shares of the company's stock after acquiring an additional 73,723 shares during the period. Squarepoint Ops LLC owned 0.19% of AvePoint worth $5,711,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its holdings in shares of 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 purchasing an additional 2,332,813 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of 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 purchasing an additional 2,276,258 shares during the period. Parsifal Capital Management LP acquired a new stake in shares of AvePoint during the fourth quarter worth $36,419,000. Raymond James Financial Inc. acquired a new stake in shares of AvePoint during the fourth quarter worth $18,067,000. Finally, Gotham Asset Management LLC raised its holdings in shares of AvePoint by 4,694.5% during the fourth quarter. Gotham Asset Management LLC now owns 840,963 shares of the company's stock worth $13,884,000 after purchasing an additional 823,423 shares during the period. 44.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on AVPT shares. Citigroup dropped their target price on shares of AvePoint from $18.00 to $16.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. William Blair reissued an "outperform" rating on shares of AvePoint in a report on Tuesday, March 4th. Scotiabank increased their target price on shares of AvePoint from $19.00 to $22.00 and gave the stock a "sector outperform" rating in a report on Friday, May 9th. 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $17.40.

AvePoint Stock Performance

Shares of AvePoint stock traded up $0.10 during trading on Friday, hitting $18.60. 121,284 shares of the stock were exchanged, compared to its average volume of 1,243,196. The stock's fifty day moving average is $16.26 and its 200 day moving average is $16.91. The stock has a market cap of $3.78 billion, a PE ratio of -371.13 and a beta of 1.30. AvePoint, Inc. has a 12 month low of $8.87 and a 12 month high of $20.25.

Insider Transactions at AvePoint

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $18.19, for a total transaction of $636,650.00. Following the transaction, the insider now owns 1,277,145 shares of the company's stock, valued at approximately $23,231,267.55. This trade represents a 2.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders sold 105,000 shares of company stock worth $1,704,500. Insiders own 26.19% of the company's stock.

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.