AvePoint, Inc. (NASDAQ:AVPT) Shares Bought by PDT Partners LLC

PDT Partners LLC grew its holdings in AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 27.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 161,892 shares of the company's stock after purchasing an additional 34,645 shares during the period. PDT Partners LLC owned about 0.09% of AvePoint worth $2,673,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of AvePoint by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 15,280,202 shares of the company's stock worth $252,276,000 after buying an additional 150,885 shares in the last quarter. Wellington Management Group LLP grew its holdings in AvePoint by 56.9% during the 4th quarter. Wellington Management Group LLP now owns 6,430,203 shares of the company's stock worth $106,163,000 after acquiring an additional 2,332,813 shares in the last quarter. Geode Capital Management LLC grew its holdings in AvePoint by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,850,268 shares of the company's stock worth $47,067,000 after acquiring an additional 20,720 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of AvePoint by 566.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,678,403 shares of the company's stock worth $44,220,000 after purchasing an additional 2,276,258 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of AvePoint by 7.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,657,804 shares of the company's stock valued at $27,370,000 after acquiring an additional 121,144 shares during the period. 44.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling at AvePoint

In other news, insider Brian Michael Brown sold 35,000 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $15.40, for a total value of $539,000.00. Following the completion of the transaction, the insider now directly owns 1,347,145 shares in the company, valued at $20,746,033. This trade represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 26.19% of the stock is currently owned by company insiders.

AvePoint Stock Up 2.9 %

Shares of AVPT traded up $0.48 during mid-day trading on Friday, hitting $17.08. 765,881 shares of the company traded hands, compared to its average volume of 1,218,490. The company has a market capitalization of $3.45 billion, a PE ratio of -341.53 and a beta of 1.20. The business has a 50 day moving average of $14.90 and a 200 day moving average of $16.14. AvePoint, Inc. has a 1-year low of $8.06 and a 1-year high of $19.90.

Analysts Set New Price Targets

Several equities analysts have issued reports on AVPT shares. William Blair reiterated an "outperform" rating on shares of AvePoint in a research note on Tuesday, March 4th. Scotiabank began coverage on shares of AvePoint in a research report on Thursday. They issued a "sector outperform" rating and a $19.00 price objective on the stock. Finally, Citigroup reduced their price objective 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. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $16.40.

About AvePoint

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.