JPMorgan Chase & Co. Has $27.37 Million Stock Position in AvePoint, Inc. (NASDAQ:AVPT)

JPMorgan Chase & Co. increased its holdings in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,657,804 shares of the company's stock after buying an additional 121,144 shares during the quarter. JPMorgan Chase & Co. owned 0.89% of AvePoint worth $27,370,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Global Retirement Partners LLC bought a new stake in shares of AvePoint during the fourth quarter worth $25,000. National Bank of Canada FI bought a new stake in AvePoint during the 3rd quarter worth $29,000. Heck Capital Advisors LLC bought a new stake in shares of AvePoint during the fourth quarter worth about $29,000. R Squared Ltd acquired a new position in shares of AvePoint in the fourth quarter valued at approximately $45,000. Finally, Principal Securities Inc. raised its holdings in AvePoint by 12,961.9% in the 4th quarter. Principal Securities Inc. now owns 2,743 shares of the company's stock valued at $45,000 after buying an additional 2,722 shares during the last quarter. 44.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AVPT. Citigroup decreased their price target on shares of AvePoint from $18.00 to $16.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. William Blair restated an "outperform" rating on shares of AvePoint in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $15.75.

AvePoint Stock Up 0.9 %

AvePoint stock traded up $0.13 during mid-day trading on Friday, hitting $14.53. 690,799 shares of the stock were exchanged, compared to its average volume of 1,205,288. The firm's fifty day simple moving average is $15.95 and its two-hundred day simple moving average is $15.84. AvePoint, Inc. has a 12 month low of $7.62 and a 12 month high of $19.90. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of -290.54 and a beta of 1.20.

Insider Buying and Selling

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of AvePoint stock in a transaction that occurred on 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 approximately $20,746,033. The trade was 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 this hyperlink. 26.19% of the stock is owned by insiders.

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.