Teachers Retirement System of The State of Kentucky Buys Shares of 92,908 AvePoint, Inc. (NASDAQ:AVPT)

Teachers Retirement System of The State of Kentucky purchased a new stake in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 92,908 shares of the company's stock, valued at approximately $1,094,000.

Several other hedge funds have also recently added to or reduced their stakes in AVPT. National Bank of Canada FI bought a new position in shares of AvePoint during the 3rd quarter valued at $29,000. Canada Pension Plan Investment Board bought a new stake in AvePoint in the second quarter worth $83,000. Algert Global LLC bought a new position in shares of AvePoint during the second quarter valued at about $116,000. Balboa Wealth Partners purchased a new position in shares of AvePoint in the third quarter worth about $125,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of AvePoint in the 3rd quarter valued at about $171,000. Institutional investors own 44.49% of the company's stock.

AvePoint Trading Down 0.1 %

Shares of AVPT stock traded down $0.02 during mid-day trading on Thursday, reaching $17.74. The stock had a trading volume of 1,085,401 shares, compared to its average volume of 1,042,373. The firm has a market capitalization of $3.31 billion, a PE ratio of -354.73 and a beta of 1.00. The stock's 50-day moving average price is $15.37 and its two-hundred day moving average price is $12.35. AvePoint, Inc. has a 52-week low of $7.08 and a 52-week high of $19.16.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised their price target on AvePoint from $7.50 to $15.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $13.20.

Insider Buying and Selling

In related news, major shareholder Zhijian Lu sold 10,000 shares of the firm's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $17.12, for a total value of $171,200.00. Following the completion of the sale, the insider now owns 18,270,673 shares of the company's stock, valued at $312,793,921.76. This trade represents a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO James Caci sold 20,215 shares of the business's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $17.12, for a total transaction of $346,080.80. Following the transaction, the chief financial officer now directly owns 591,890 shares in the company, valued at approximately $10,133,156.80. The trade was a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 110,215 shares of company stock valued at $1,559,481 over the last ninety days. 27.78% of the stock is owned by insiders.

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.