Jefferies Financial Group began coverage on shares of AvePoint (NASDAQ:AVPT - Free Report) in a report issued on Monday, Marketbeat.com reports. The firm issued a buy rating and a $22.00 price target on the stock.
AVPT has been the subject of several other research reports. 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. Scotiabank boosted their target price on AvePoint from $19.00 to $22.00 and gave the stock a "sector outperform" rating in a report on Friday, May 9th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, AvePoint presently has a consensus rating of "Moderate Buy" and an average target price of $18.17.
Check Out Our Latest Stock Report on AVPT
AvePoint Trading Down 0.6%
AVPT traded down $0.11 during midday trading on Monday, hitting $18.81. The company's stock had a trading volume of 292,417 shares, compared to its average volume of 1,305,584. The firm has a market cap of $3.82 billion, a P/E ratio of -144.64 and a beta of 1.33. The firm has a 50-day moving average price of $18.77 and a two-hundred day moving average price of $17.24. AvePoint has a 52-week low of $9.38 and a 52-week high of $20.25.
Insider Buying and Selling
In other news, insider Brian Michael Brown sold 35,000 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $18.23, for a total value of $638,050.00. Following the completion of the sale, the insider directly owned 1,225,443 shares in the company, valued at approximately $22,339,825.89. The trade was a 2.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeff Epstein sold 500,000 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $18.77, for a total value of $9,385,000.00. Following the transaction, the director owned 1,157,891 shares of the company's stock, valued at approximately $21,733,614.07. The trade was a 30.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 570,000 shares of company stock worth $10,659,700. 26.19% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On AvePoint
A number of institutional investors have recently bought and sold shares of AVPT. M&T Bank Corp lifted its holdings in shares of AvePoint by 3.0% during the 1st quarter. M&T Bank Corp now owns 22,058 shares of the company's stock valued at $319,000 after buying an additional 634 shares during the last quarter. State of Wyoming grew its holdings in AvePoint by 3.0% in the 1st quarter. State of Wyoming now owns 27,128 shares of the company's stock valued at $392,000 after buying an additional 780 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of AvePoint by 3.1% during the 1st quarter. SG Americas Securities LLC now owns 30,982 shares of the company's stock worth $447,000 after purchasing an additional 922 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of AvePoint by 8.4% during the 4th 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 in the last quarter. Finally, Sheaff Brock Investment Advisors LLC grew its holdings in shares of AvePoint by 4.9% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 23,961 shares of the company's stock worth $346,000 after purchasing an additional 1,117 shares in the last quarter. Hedge funds and other institutional investors own 44.49% of the company's stock.
About AvePoint
(
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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.
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