Jefferies Financial Group Begins Coverage on AvePoint (NASDAQ:AVPT)

Equities research analysts at Jefferies Financial Group began coverage on shares of AvePoint (NASDAQ:AVPT - Get Free Report) in a note issued to investors on Monday,Benzinga reports. The firm set a "buy" rating and a $22.00 price target on the stock. Jefferies Financial Group's price objective would suggest a potential upside of 17.15% from the company's current price.

AVPT has been the subject of a number of other research reports. The Goldman Sachs Group boosted their target price on shares of AvePoint from $15.00 to $17.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Scotiabank boosted their price target on shares of AvePoint from $19.00 to $22.00 and gave the company a "sector outperform" rating in a research report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $18.17.

AvePoint Stock Down 0.9%

NASDAQ:AVPT opened at $18.78 on Monday. The company has a fifty day simple moving average of $18.80 and a two-hundred day simple moving average of $17.20. The company has a market cap of $3.82 billion, a price-to-earnings ratio of -144.45 and a beta of 1.33. AvePoint has a 52 week low of $9.38 and a 52 week high of $20.25.

Insider Buying and Selling

In related news, insider Brian Michael Brown sold 35,000 shares of the firm's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $18.23, for a total transaction of $638,050.00. Following the completion of the sale, the insider directly owned 1,225,443 shares of the company's stock, valued at approximately $22,339,825.89. This trade represents a 2.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeff Epstein sold 500,000 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $18.77, for a total transaction of $9,385,000.00. Following the transaction, the director directly owned 1,157,891 shares of the company's stock, valued at approximately $21,733,614.07. This represents a 30.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 605,000 shares of company stock worth $11,188,550. 26.19% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. M&T Bank Corp grew its position in AvePoint by 3.0% in the first quarter. M&T Bank Corp now owns 22,058 shares of the company's stock worth $319,000 after acquiring an additional 634 shares in the last quarter. State of Wyoming boosted its holdings in shares of AvePoint by 3.0% during the 1st quarter. State of Wyoming now owns 27,128 shares of the company's stock worth $392,000 after buying an additional 780 shares during the period. SG Americas Securities LLC boosted 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 buying an additional 922 shares during the period. Summit Investment Advisors Inc. boosted 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 buying an additional 1,042 shares during the period. Finally, Sheaff Brock Investment Advisors LLC boosted 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 buying an additional 1,117 shares during the period. 44.49% of the stock is owned by hedge funds and other institutional investors.

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.

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