Voleon Capital Management LP Makes New $367,000 Investment in AvePoint, Inc. (NASDAQ:AVPT)

Voleon Capital Management LP purchased a new position in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 22,202 shares of the company's stock, valued at approximately $367,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC lifted its holdings in AvePoint by 358.5% during the 3rd quarter. Barclays PLC now owns 206,358 shares of the company's stock valued at $2,428,000 after purchasing an additional 161,354 shares during the last quarter. Franklin Resources Inc. grew its position in AvePoint by 2.3% during the third quarter. Franklin Resources Inc. now owns 1,200,589 shares of the company's stock worth $14,815,000 after buying an additional 27,191 shares in the last quarter. JPMorgan Chase & Co. increased its position in AvePoint by 13.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,536,660 shares of the company's stock worth $18,086,000 after purchasing an additional 184,361 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of AvePoint by 1.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 121,358 shares of the company's stock valued at $2,004,000 after purchasing an additional 2,112 shares in the last quarter. Finally, Empirical Asset Management LLC acquired a new position in shares of AvePoint during the fourth quarter worth $264,000. 44.49% of the stock is owned by institutional investors.

AvePoint Stock Up 0.5 %

Shares of NASDAQ AVPT traded up $0.08 during trading on Wednesday, reaching $17.05. The company had a trading volume of 203,750 shares, compared to its average volume of 1,282,107. The stock has a market cap of $3.44 billion, a PE ratio of -340.93 and a beta of 1.30. The business's 50-day moving average is $14.89 and its 200 day moving average is $16.23. AvePoint, Inc. has a 12-month low of $8.06 and a 12-month high of $19.90.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. William Blair restated an "outperform" rating on shares of AvePoint in a report on Tuesday, March 4th. Scotiabank initiated coverage on shares of AvePoint in a report on Thursday, May 1st. They issued a "sector outperform" rating and a $19.00 target price for the company. Finally, Citigroup reduced their price objective on AvePoint from $18.00 to $16.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $16.40.

Insider Transactions at AvePoint

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The shares were 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. This trade represents a 2.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 26.19% of the company's stock.

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.