Tudor Investment Corp ET AL Sells 365,571 Shares of AvePoint, Inc. (NASDAQ:AVPT)

Tudor Investment Corp ET AL reduced its holdings in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 58.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 264,981 shares of the company's stock after selling 365,571 shares during the period. Tudor Investment Corp ET AL owned 0.14% of AvePoint worth $4,375,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of AVPT. Global Retirement Partners LLC purchased a new position in shares of AvePoint during the fourth quarter valued at approximately $25,000. Heck Capital Advisors LLC bought a new position in AvePoint during the 4th quarter valued at approximately $29,000. R Squared Ltd purchased a new position in AvePoint during the fourth quarter valued at $45,000. Principal Securities Inc. boosted its holdings in AvePoint by 12,961.9% in the fourth quarter. Principal Securities Inc. now owns 2,743 shares of the company's stock worth $45,000 after acquiring an additional 2,722 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake 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 acquiring an additional 1,010 shares during the last quarter. Institutional investors own 44.49% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on AVPT. Scotiabank began coverage on shares of AvePoint in a research note on Thursday. They issued a "sector outperform" rating and a $19.00 price target on the stock. Citigroup dropped their target price on shares of AvePoint from $18.00 to $16.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Finally, William Blair reissued an "outperform" rating on shares of AvePoint in a research report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, AvePoint currently has an average rating of "Moderate Buy" and a consensus price target of $16.40.

AvePoint Stock Down 0.2 %

AVPT traded down $0.04 during midday trading on Monday, hitting $17.04. 847,441 shares of the company traded hands, compared to its average volume of 1,220,537. The company's 50-day moving average is $14.90 and its 200 day moving average is $16.19. The firm has a market capitalization of $3.44 billion, a PE ratio of -340.73 and a beta of 1.20. AvePoint, Inc. has a 52 week low of $8.06 and a 52 week high of $19.90.

Insider Activity

In related news, insider Brian Michael Brown sold 35,000 shares of AvePoint stock in a transaction on 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 sale, the insider now 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 legal filing with the SEC, which is available at this link. 26.19% of the stock is owned by corporate insiders.

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.