Harvest Investment Services LLC Makes New $856,000 Investment in AvePoint, Inc. (NASDAQ:AVPT)

Harvest Investment Services LLC acquired a new position in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 51,818 shares of the company's stock, valued at approximately $856,000.

Several other institutional investors have also made changes to their positions in the business. Global Retirement Partners LLC bought a new stake in shares of AvePoint in the 4th quarter valued at approximately $25,000. Heck Capital Advisors LLC acquired a new position in AvePoint during the fourth quarter worth $29,000. R Squared Ltd acquired a new stake in shares of AvePoint in the 4th quarter valued at $45,000. Principal Securities Inc. grew its stake 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 during the last quarter. Finally, Pacer Advisors Inc. grew its position in AvePoint by 29.7% during the 4th 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. 44.49% of the stock is currently owned by institutional investors and hedge funds.

AvePoint Price Performance

AvePoint stock traded down $0.11 during mid-day trading on Monday, reaching $15.96. 302,539 shares of the company were exchanged, compared to its average volume of 1,315,944. The firm has a market cap of $3.22 billion, a PE ratio of -319.14 and a beta of 1.20. The company has a fifty day simple moving average of $15.02 and a 200-day simple moving average of $16.05. AvePoint, Inc. has a 12 month low of $7.76 and a 12 month high of $19.90.

Insider Transactions at AvePoint

In other 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 transaction of $539,000.00. Following the sale, the insider now directly owns 1,347,145 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through the SEC website. Company insiders own 26.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AVPT. Citigroup decreased 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. William Blair reaffirmed 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 three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $15.75.

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.