Two Sigma Advisers LP Buys 32,300 Shares of AvePoint, Inc. (NASDAQ:AVPT)

Two Sigma Advisers LP raised its position in AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 96.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,700 shares of the company's stock after purchasing an additional 32,300 shares during the quarter. Two Sigma Advisers LP's holdings in AvePoint were worth $1,085,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in AvePoint by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 15,280,202 shares of the company's stock valued at $252,276,000 after purchasing an additional 150,885 shares in the last quarter. Wellington Management Group LLP lifted its holdings in AvePoint by 56.9% during the 4th quarter. Wellington Management Group LLP now owns 6,430,203 shares of the company's stock worth $106,163,000 after buying an additional 2,332,813 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of AvePoint by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 2,850,268 shares of the company's stock worth $47,067,000 after purchasing an additional 20,720 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of AvePoint by 566.0% in the 4th 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 last quarter. Finally, Parsifal Capital Management LP bought a new stake in AvePoint during the 4th quarter valued at $36,419,000. 44.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on AVPT shares. William Blair reaffirmed an "outperform" rating on shares of AvePoint in a research note on Tuesday, March 4th. Citigroup lowered their price target on AvePoint from $18.00 to $16.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. The Goldman Sachs Group lifted their price target on AvePoint from $15.00 to $17.00 and gave the company a "neutral" rating in a report on Monday, May 12th. Finally, Scotiabank lifted their price objective on AvePoint from $19.00 to $22.00 and gave the company a "sector outperform" rating in a research report on Friday, May 9th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $17.40.

Insider Transactions at AvePoint

In related news, insider Brian Michael Brown sold 35,000 shares of the firm's stock in a transaction on Wednesday, April 23rd. The stock was 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 105,000 shares of company stock valued at $1,704,500. Corporate insiders own 26.19% of the company's stock.

AvePoint Stock Up 0.3%

AvePoint stock traded up $0.05 during trading hours on Tuesday, hitting $18.86. The stock had a trading volume of 597,973 shares, compared to its average volume of 1,252,225. The company has a 50-day moving average of $16.40 and a two-hundred day moving average of $16.97. The company has a market cap of $3.83 billion, a PE ratio of -377.12 and a beta of 1.30. AvePoint, Inc. has a fifty-two week low of $8.87 and a fifty-two week high of $20.25.

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.