UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $4.34 Million Holdings in AvePoint, Inc. (NASDAQ:AVPT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 13.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 263,084 shares of the company's stock after purchasing an additional 30,399 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.14% of AvePoint worth $4,344,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its position in shares of AvePoint by 29.7% during the fourth quarter. Pacer Advisors Inc. now owns 4,409 shares of the company's stock worth $73,000 after acquiring an additional 1,010 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in AvePoint by 8.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 13,475 shares of the company's stock worth $222,000 after purchasing an additional 1,042 shares during the last quarter. Moran Wealth Management LLC grew its holdings in shares of AvePoint by 2.2% during the 4th quarter. Moran Wealth Management LLC now owns 49,571 shares of the company's stock valued at $818,000 after purchasing an additional 1,083 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of AvePoint in the fourth quarter worth $25,000. Finally, Blair William & Co. IL boosted its holdings in shares of AvePoint by 24.7% during the fourth quarter. Blair William & Co. IL now owns 7,563 shares of the company's stock worth $125,000 after purchasing an additional 1,500 shares during the period. Institutional investors own 44.49% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Citigroup cut their price objective 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. Scotiabank lifted their price target on shares of AvePoint from $19.00 to $22.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 9th. The Goldman Sachs Group increased their price objective on AvePoint from $15.00 to $17.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Finally, William Blair reiterated an "outperform" rating on shares of AvePoint in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $17.40.

Insider Buying and Selling

In other AvePoint news, Director Jeff Epstein sold 500,000 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $18.77, for a total transaction of $9,385,000.00. Following the completion of the sale, the director now directly owns 1,157,891 shares in the company, valued at $21,733,614.07. The trade was a 30.16% 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. Also, insider Brian Michael Brown sold 35,000 shares of the company's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $15.11, for a total transaction of $528,850.00. Following the completion of the transaction, the insider now directly 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 disclosure for this sale can be found here. Insiders have sold 605,000 shares of company stock worth $11,089,500 in the last ninety days. 26.19% of the stock is owned by corporate insiders.

AvePoint Stock Up 2.0%

Shares of AVPT traded up $0.38 during trading on Friday, reaching $19.33. 645,811 shares of the company traded hands, compared to its average volume of 1,247,304. The stock has a market cap of $3.93 billion, a PE ratio of -387.22 and a beta of 1.34. AvePoint, Inc. has a twelve month low of $8.93 and a twelve month high of $20.25. The stock has a 50-day simple moving average of $16.67 and a 200-day simple moving average of $17.02.

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.