Vanguard Group Inc. Has $96.96 Million Stock Position in AvePoint, Inc. (NASDAQ:AVPT)

Vanguard Group Inc. decreased its holdings in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 1.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,428,343 shares of the company's stock after selling 228,793 shares during the quarter. Vanguard Group Inc. owned about 7.86% of AvePoint worth $96,958,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Rhumbline Advisers grew its stake in AvePoint by 0.8% during the third quarter. Rhumbline Advisers now owns 202,840 shares of the company's stock worth $1,363,000 after buying an additional 1,561 shares during the period. Credit Suisse AG boosted its holdings in AvePoint by 4.1% in the second quarter. Credit Suisse AG now owns 62,474 shares of the company's stock valued at $270,000 after purchasing an additional 2,470 shares during the last quarter. Legal & General Group Plc increased its position in shares of AvePoint by 6.3% in the 4th quarter. Legal & General Group Plc now owns 42,901 shares of the company's stock worth $176,000 after purchasing an additional 2,538 shares during the last quarter. PFS Investments Inc. lifted its position in shares of AvePoint by 23.7% during the fourth quarter. PFS Investments Inc. now owns 14,305 shares of the company's stock worth $59,000 after purchasing an additional 2,745 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of AvePoint by 14.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,865 shares of the company's stock worth $94,000 after acquiring an additional 2,901 shares in the last quarter. Hedge funds and other institutional investors own 44.49% of the company's stock.

Insider Buying and Selling

In other AvePoint news, insider Brian Michael Brown sold 20,000 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $8.11, for a total value of $162,200.00. Following the transaction, the insider now owns 1,286,088 shares of the company's stock, valued at $10,430,173.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 43,061 shares of company stock valued at $342,288 over the last three months. Company insiders own 27.78% of the company's stock.

AvePoint Price Performance

Shares of NASDAQ AVPT traded up $0.37 during mid-day trading on Friday, hitting $8.40. The company's stock had a trading volume of 3,048,282 shares, compared to its average volume of 884,866. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of -69.99 and a beta of 0.85. The company's fifty day simple moving average is $7.84 and its 200-day simple moving average is $7.77. AvePoint, Inc. has a one year low of $3.90 and a one year high of $8.61.

AvePoint (NASDAQ:AVPT - Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). The business had revenue of $74.60 million during the quarter, compared to the consensus estimate of $71.57 million. AvePoint had a negative net margin of 7.94% and a negative return on equity of 9.94%. AvePoint's revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.07) earnings per share. On average, sell-side analysts predict that AvePoint, Inc. will post -0.15 EPS for the current year.

Analyst Upgrades and Downgrades

AVPT has been the subject of several recent analyst reports. Cantor Fitzgerald upped their target price on shares of AvePoint from $10.00 to $11.00 and gave the stock an "overweight" rating in a research report on Friday, March 1st. Citigroup raised their price target on shares of AvePoint from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Wednesday, January 10th. Finally, Evercore ISI upped their price objective on AvePoint from $9.00 to $10.00 and gave the stock an "outperform" rating in a report on Friday, March 1st.

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.