Russell Investments Group Ltd. Trims Position in AvePoint, Inc. (NASDAQ:AVPT)

Russell Investments Group Ltd. reduced its stake in AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 25.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 409,052 shares of the company's stock after selling 141,974 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.22% of AvePoint worth $6,753,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. FMR LLC lifted its position in shares of AvePoint by 1,253.0% during the third quarter. FMR LLC now owns 38,275 shares of the company's stock valued at $450,000 after purchasing an additional 35,446 shares in the last quarter. National Bank of Canada FI purchased a new stake in AvePoint in the 3rd quarter valued at about $29,000. XTX Topco Ltd bought a new position in shares of AvePoint during the 3rd quarter worth approximately $180,000. Y Intercept Hong Kong Ltd purchased a new position in shares of AvePoint in the 3rd quarter worth approximately $171,000. Finally, Barclays PLC grew its holdings in shares of AvePoint by 358.5% in the third quarter. Barclays PLC now owns 206,358 shares of the company's stock valued at $2,428,000 after acquiring an additional 161,354 shares in the last quarter. 44.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on AVPT shares. Citigroup dropped their price target on AvePoint from $18.00 to $16.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. William Blair reissued an "outperform" rating on shares of AvePoint in a report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $15.75.

Insider Buying and Selling at AvePoint

In other news, insider Brian Michael Brown sold 35,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $15.40, for a total value of $539,000.00. Following the sale, the insider now owns 1,347,145 shares of the company's stock, valued at $20,746,033. The trade was a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 26.19% of the company's stock.

AvePoint Price Performance

Shares of NASDAQ AVPT traded down $0.22 during trading on Friday, reaching $14.43. 541,434 shares of the stock traded hands, compared to its average volume of 1,207,460. The stock has a market capitalization of $2.91 billion, a P/E ratio of -288.54 and a beta of 1.20. AvePoint, Inc. has a 52-week low of $7.62 and a 52-week high of $19.90. The company has a 50-day moving average of $15.47 and a 200-day moving average of $15.88.

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.