EAM Global Investors LLC Buys Shares of 291,918 AvePoint, Inc. (NASDAQ:AVPT)

EAM Global Investors LLC purchased a new position in AvePoint, Inc. (NASDAQ:AVPT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 291,918 shares of the company's stock, valued at approximately $4,820,000. EAM Global Investors LLC owned approximately 0.16% of AvePoint at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of AvePoint by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 15,280,202 shares of the company's stock worth $252,276,000 after purchasing an additional 150,885 shares in the last quarter. Wellington Management Group LLP lifted its stake in AvePoint by 56.9% in the fourth quarter. Wellington Management Group LLP now owns 6,430,203 shares of the company's stock worth $106,163,000 after acquiring an additional 2,332,813 shares during the period. Geode Capital Management LLC boosted its stake in shares of AvePoint by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,850,268 shares of the company's stock valued at $47,067,000 after purchasing an additional 20,720 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in AvePoint by 566.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,678,403 shares of the company's stock worth $44,220,000 after acquiring an additional 2,276,258 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of AvePoint by 7.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,657,804 shares of the company's stock valued at $27,370,000 after purchasing an additional 121,144 shares in the last quarter. 44.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AVPT shares. William Blair reaffirmed an "outperform" rating on shares of AvePoint in a report on Tuesday, March 4th. Citigroup reduced their price objective 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. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $15.75.

Insiders Place Their Bets

In related news, insider Brian Michael Brown sold 35,000 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $15.40, for a total value of $539,000.00. Following the completion of the transaction, the insider now owns 1,347,145 shares in the company, valued at $20,746,033. This trade represents a 2.53 % decrease in their position. 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 company insiders.

AvePoint Stock Down 3.5 %

AvePoint stock traded down $0.50 during midday trading on Monday, reaching $13.93. The stock had a trading volume of 107,543 shares, compared to its average volume of 1,205,528. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of -278.54 and a beta of 1.20. The company has a fifty day moving average of $15.47 and a 200 day moving average of $15.94. AvePoint, Inc. has a 52-week low of $7.65 and a 52-week high of $19.90.

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.