AvePoint, Inc. (NASDAQ:AVPT) Shares Sold by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP lowered its holdings in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 60.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,580 shares of the company's stock after selling 60,850 shares during the period. Occudo Quantitative Strategies LP's holdings in AvePoint were worth $670,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Global Retirement Partners LLC acquired a new position in AvePoint in the 4th quarter valued at about $25,000. Heck Capital Advisors LLC acquired a new stake in shares of AvePoint during the 4th quarter worth about $29,000. R Squared Ltd purchased a new stake in shares of AvePoint during the fourth quarter worth about $45,000. Principal Securities Inc. raised its position in shares of AvePoint by 12,961.9% in the fourth 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. Finally, Pacer Advisors Inc. lifted its stake in shares of AvePoint by 29.7% during the fourth 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.

Insider Activity

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of AvePoint stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $15.11, for a total transaction of $528,850.00. Following the transaction, the insider now directly owns 1,312,145 shares of the company's stock, valued at $19,826,510.95. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 26.19% of the company's stock.

AvePoint Stock Down 1.3%

Shares of NASDAQ AVPT traded down $0.24 during trading on Tuesday, hitting $18.74. 324,446 shares of the company traded hands, compared to its average volume of 1,321,437. The company has a 50-day moving average price of $15.68 and a 200-day moving average price of $16.69. AvePoint, Inc. has a 1 year low of $8.87 and a 1 year high of $20.25. The firm has a market capitalization of $3.78 billion, a P/E ratio of -374.73 and a beta of 1.30.

Analyst Ratings Changes

Several analysts have commented on the stock. Citigroup lowered their target price on shares of 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. Scotiabank upped their target price on AvePoint from $19.00 to $22.00 and gave the company a "sector outperform" rating in a research note on Friday, May 9th. Finally, The Goldman Sachs Group raised their price target on AvePoint from $15.00 to $17.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $17.40.

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.