Northern Trust Corp Grows Stock Holdings in AvePoint, Inc. (NASDAQ:AVPT)

Northern Trust Corp increased its position in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 9.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,160,554 shares of the company's stock after buying an additional 99,725 shares during the quarter. Northern Trust Corp owned about 0.62% of AvePoint worth $19,161,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AVPT. Global Retirement Partners LLC purchased a new stake in shares of AvePoint during the 4th quarter valued at approximately $25,000. Heck Capital Advisors LLC purchased a new stake in shares of AvePoint during the 4th quarter valued at approximately $29,000. R Squared Ltd purchased a new stake in shares of AvePoint during the 4th quarter valued at approximately $45,000. Principal Securities Inc. raised its position in shares of AvePoint by 12,961.9% during 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 period. Finally, Pacer Advisors Inc. raised its position in shares of AvePoint by 29.7% during the 4th quarter. Pacer Advisors Inc. now owns 4,409 shares of the company's stock valued at $73,000 after buying an additional 1,010 shares during the period. Hedge funds and other institutional investors own 44.49% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on AVPT. William Blair reiterated an "outperform" rating on shares of AvePoint in a report on Tuesday, March 4th. The Goldman Sachs Group lifted their target price on shares of AvePoint from $15.00 to $17.00 and gave the company a "neutral" rating in a report on Monday, May 12th. Scotiabank lifted their target price on shares of AvePoint from $19.00 to $22.00 and gave the company a "sector outperform" rating in a report on Friday, May 9th. Finally, Citigroup dropped their target price on shares of AvePoint from $18.00 to $16.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $17.40.

AvePoint Stock Performance

Shares of NASDAQ:AVPT traded down $0.22 during trading on Friday, hitting $19.38. The company's stock had a trading volume of 1,002,690 shares, compared to its average volume of 1,253,713. The business has a 50 day moving average price of $15.59 and a two-hundred day moving average price of $16.58. The company has a market capitalization of $3.91 billion, a PE ratio of -387.52 and a beta of 1.30. AvePoint, Inc. has a fifty-two week low of $8.66 and a fifty-two week high of $20.25.

Insiders Place Their Bets

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of the business's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $15.11, for a total value of $528,850.00. Following the completion of the transaction, the insider now owns 1,312,145 shares in the company, valued at $19,826,510.95. The trade was a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 26.19% of the company's stock.

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.