Numerai GP LLC cut its holdings in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 57.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,974 shares of the company's stock after selling 97,691 shares during the period. Numerai GP LLC's holdings in AvePoint were worth $1,188,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Barclays PLC lifted its holdings in 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. lifted its holdings in AvePoint by 29.7% during the 4th quarter. Pacer Advisors Inc. now owns 4,409 shares of the company's stock worth $73,000 after buying an additional 1,010 shares in the last quarter. Raymond James Financial Inc. acquired a new position in AvePoint during the 4th quarter worth $18,067,000. Northern Trust Corp lifted its holdings in AvePoint by 9.4% during the 4th quarter. Northern Trust Corp now owns 1,160,554 shares of the company's stock worth $19,161,000 after buying an additional 99,725 shares in the last quarter. Finally, Summit Investment Advisors Inc. lifted its holdings in 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 in the last quarter. 44.49% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $15.40, for a total transaction of $539,000.00. Following the completion of the transaction, the insider now owns 1,347,145 shares in the company, valued at approximately $20,746,033. This represents a 2.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 26.19% of the company's stock.
AvePoint Price Performance
AVPT stock traded down $0.22 during trading hours on Friday, reaching $19.38. 1,002,690 shares of the stock were exchanged, compared to its average volume of 1,253,713. The firm's 50-day moving average is $15.59 and its 200-day moving average is $16.58. The company has a market cap of $3.91 billion, a price-to-earnings ratio of -387.52 and a beta of 1.30. AvePoint, Inc. has a 12 month low of $8.66 and a 12 month high of $20.25.
Analysts Set New Price Targets
AVPT has been the topic of a number of analyst reports. William Blair reissued an "outperform" rating on shares of AvePoint in a research note on Tuesday, March 4th. Citigroup dropped their price objective on AvePoint from $18.00 to $16.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Scotiabank raised their price objective on AvePoint from $19.00 to $22.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 9th. Finally, The Goldman Sachs Group raised their price objective on AvePoint from $15.00 to $17.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $17.40.
Check Out Our Latest Analysis on AvePoint
About AvePoint
(
Free Report)
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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