Susquehanna Fundamental Investments LLC Acquires New Shares in AvePoint, Inc. (NASDAQ:AVPT)

Susquehanna Fundamental Investments LLC bought a new position in AvePoint, Inc. (NASDAQ:AVPT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 52,600 shares of the company's stock, valued at approximately $868,000.

Several other large investors also recently added to or reduced their stakes in AVPT. Global Retirement Partners LLC purchased a new stake in AvePoint during the 4th quarter worth $25,000. Heck Capital Advisors LLC acquired a new stake in shares of AvePoint in the 4th quarter valued at $29,000. R Squared Ltd acquired a new stake in shares of AvePoint during the 4th quarter worth approximately $45,000. Principal Securities Inc. raised its stake 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 period. Finally, Pacer Advisors Inc. increased its holdings in shares of AvePoint by 29.7% in the fourth quarter. Pacer Advisors Inc. now owns 4,409 shares of the company's stock worth $73,000 after buying an additional 1,010 shares during the period. 44.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AVPT has been the topic of a number of research reports. Citigroup reduced their target price on shares of AvePoint from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Scotiabank began coverage on AvePoint in a report on Thursday, May 1st. They set a "sector outperform" rating and a $19.00 target price on the stock. Finally, William Blair reissued 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 company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $16.40.

Insider Activity

In other news, insider Brian Michael Brown sold 35,000 shares of the firm's 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 completion of the transaction, the insider now directly owns 1,312,145 shares of the company's stock, valued at $19,826,510.95. This trade represents a 2.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 26.19% of the company's stock.

AvePoint Price Performance

NASDAQ AVPT traded up $0.29 during trading hours on Thursday, hitting $17.49. The company's stock had a trading volume of 207,629 shares, compared to its average volume of 1,222,424. AvePoint, Inc. has a 12 month low of $8.06 and a 12 month high of $19.90. The company's 50 day simple moving average is $14.93 and its two-hundred day simple moving average is $16.24. The company has a market cap of $3.53 billion, a P/E ratio of -349.73 and a beta of 1.30.

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.