686,976 Shares in AvePoint, Inc. (NASDAQ:AVPT) Acquired by Marshall Wace LLP

Marshall Wace LLP bought a new position in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 686,976 shares of the company's stock, valued at approximately $11,342,000. Marshall Wace LLP owned about 0.37% of AvePoint as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of AvePoint by 13.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,536,660 shares of the company's stock valued at $18,086,000 after purchasing an additional 184,361 shares in the last quarter. Barclays PLC boosted its holdings in shares of AvePoint by 358.5% during the 3rd quarter. Barclays PLC now owns 206,358 shares of the company's stock worth $2,428,000 after buying an additional 161,354 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of AvePoint by 29.7% in the 4th quarter. Pacer Advisors Inc. now owns 4,409 shares of the company's stock valued at $73,000 after acquiring an additional 1,010 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of AvePoint during the 4th quarter valued at $18,067,000. Finally, Summit Investment Advisors Inc. boosted its stake in AvePoint by 8.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 13,475 shares of the company's stock worth $222,000 after acquiring an additional 1,042 shares in the last quarter. Institutional investors own 44.49% of the company's stock.

AvePoint Trading Up 2.0 %

AvePoint stock traded up $0.31 during trading on Friday, hitting $16.07. 563,720 shares of the company were exchanged, compared to its average volume of 1,213,966. The business's 50 day moving average is $15.02 and its 200 day moving average is $16.05. AvePoint, Inc. has a 52 week low of $7.77 and a 52 week high of $19.90. The company has a market capitalization of $3.24 billion, a P/E ratio of -321.34 and a beta of 1.20.

Analyst Ratings Changes

Several brokerages have recently commented on AVPT. Citigroup reduced their target price on AvePoint from $18.00 to $16.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. William Blair reaffirmed an "outperform" rating on shares of AvePoint in a research report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, AvePoint currently has a consensus rating of "Moderate Buy" and an average target price of $15.75.

Insider Buying and Selling

In related news, insider Brian Michael Brown sold 35,000 shares of the business's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $15.11, for a total value of $528,850.00. Following the transaction, the insider now directly owns 1,312,145 shares of the company's stock, valued at approximately $19,826,510.95. The trade was a 2.60 % decrease in their position. The sale was disclosed in a 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.