Gotham Asset Management LLC Purchases 823,423 Shares of AvePoint, Inc. (NASDAQ:AVPT)

Gotham Asset Management LLC increased its stake in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 4,694.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 840,963 shares of the company's stock after buying an additional 823,423 shares during the quarter. Gotham Asset Management LLC owned 0.45% of AvePoint worth $13,884,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AVPT. Global Retirement Partners LLC bought a new stake in AvePoint during the fourth quarter worth $25,000. Heck Capital Advisors LLC bought a new stake in AvePoint during the fourth quarter worth $29,000. R Squared Ltd bought a new stake in AvePoint during the fourth quarter worth $45,000. Principal Securities Inc. grew its holdings in AvePoint by 12,961.9% during the fourth quarter. Principal Securities Inc. now owns 2,743 shares of the company's stock worth $45,000 after buying an additional 2,722 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in 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 buying an additional 1,010 shares in the last quarter. Institutional investors own 44.49% of the company's stock.

AvePoint Trading Down 0.7%

Shares of AVPT stock traded down $0.15 on Friday, hitting $19.46. 355,424 shares of the stock were exchanged, compared to its average volume of 1,252,581. The firm has a market capitalization of $3.93 billion, a PE ratio of -389.12 and a beta of 1.30. AvePoint, Inc. has a one year low of $8.48 and a one year high of $20.25. The firm's 50 day moving average is $15.47 and its two-hundred day moving average is $16.54.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Citigroup reduced their price objective on AvePoint from $18.00 to $16.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. The Goldman Sachs Group upped their price objective on AvePoint from $15.00 to $17.00 and gave the company a "neutral" rating in a research note on Monday. Scotiabank upped their price objective on AvePoint from $19.00 to $22.00 and gave the company a "sector outperform" rating in a research note on Friday, May 9th. Finally, William Blair restated an "outperform" rating on shares of AvePoint in a research note on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $17.40.

Insider Transactions at AvePoint

In other news, insider Brian Michael Brown sold 35,000 shares of the 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 transaction, the insider now owns 1,312,145 shares in the company, valued at approximately $19,826,510.95. This represents a 2.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.19% of the stock is owned by corporate insiders.

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.