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

PDT Partners LLC lifted its holdings in AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 27.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 161,892 shares of the company's stock after purchasing an additional 34,645 shares during the quarter. PDT Partners LLC owned 0.09% of AvePoint worth $2,673,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC purchased a new position in shares of AvePoint during the 4th quarter worth about $2,068,000. Northern Trust Corp increased its stake in AvePoint by 9.4% in the fourth quarter. Northern Trust Corp now owns 1,160,554 shares of the company's stock worth $19,161,000 after purchasing an additional 99,725 shares during the period. Aquatic Capital Management LLC bought a new stake in shares of AvePoint during the fourth quarter worth $740,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of AvePoint during the fourth quarter valued at $868,000. Finally, Voya Investment Management LLC grew its holdings in shares of AvePoint by 94.5% in the fourth quarter. Voya Investment Management LLC now owns 448,532 shares of the company's stock worth $7,405,000 after purchasing an additional 217,894 shares during the last quarter. Institutional investors own 44.49% of the company's stock.

Insider Buying and Selling

In other news, insider Brian Michael Brown sold 35,000 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The stock was 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 directly owns 1,312,145 shares in the company, valued at $19,826,510.95. This trade represents a 2.60 % 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 Trading Up 0.3 %

Shares of NASDAQ:AVPT traded up $0.05 on Monday, hitting $17.13. 199,869 shares of the company were exchanged, compared to its average volume of 1,288,608. The firm has a market capitalization of $3.46 billion, a P/E ratio of -342.45 and a beta of 1.20. AvePoint, Inc. has a 1-year low of $8.06 and a 1-year high of $19.90. The stock's 50 day moving average price is $14.90 and its 200 day moving average price is $16.19.

Analyst Ratings Changes

AVPT has been the subject of several research reports. Citigroup lowered their target price on AvePoint from $18.00 to $16.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Scotiabank began coverage on AvePoint in a research note on Thursday. They issued a "sector outperform" rating and a $19.00 target price on the stock. Finally, William Blair reaffirmed an "outperform" rating on shares of AvePoint in a report on Tuesday, March 4th. Two equities 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.com, AvePoint has an average rating of "Moderate Buy" and a consensus target price of $16.40.

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.