Voloridge Investment Management LLC Has $15.93 Million Stock Position in AvePoint, Inc. (NASDAQ:AVPT)

Voloridge Investment Management LLC lifted its position in AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 102.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 965,022 shares of the company's stock after purchasing an additional 488,706 shares during the quarter. Voloridge Investment Management LLC owned 0.52% of AvePoint worth $15,933,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AVPT. Barclays PLC raised its stake 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 raised its stake 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 acquired a new position in shares of AvePoint in the fourth quarter valued at $197,000. Pacer Advisors Inc. raised its stake 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 acquired a new position in shares of AvePoint in the fourth quarter valued at $45,000. 44.49% of the stock is currently owned by institutional investors and hedge funds.

AvePoint Price Performance

Shares of AVPT stock traded down $0.15 during trading hours on Thursday, hitting $18.45. 321,056 shares of the company's stock were exchanged, compared to its average volume of 1,243,468. The stock's 50-day moving average is $16.20 and its 200-day moving average is $16.89. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of -368.39 and a beta of 1.30. AvePoint, Inc. has a 52 week low of $8.87 and a 52 week high of $20.25.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AVPT. William Blair reiterated an "outperform" rating on shares of AvePoint in a research report 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 research report on Tuesday, March 11th. The Goldman Sachs Group upped their price target on AvePoint from $15.00 to $17.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. Finally, Scotiabank upped their price target 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently 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 AvePoint stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $15.40, for a total value of $539,000.00. Following the completion of the sale, the insider now directly owns 1,347,145 shares in the company, valued at $20,746,033. This trade represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 105,000 shares of company stock worth $1,704,500. Insiders own 26.19% of the company's stock.

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.