Aigen Investment Management LP Boosts Holdings in AvePoint, Inc. (NASDAQ:AVPT)

Aigen Investment Management LP lifted its stake in AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 116.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,178 shares of the company's stock after purchasing an additional 21,115 shares during the quarter. Aigen Investment Management LP's holdings in AvePoint were worth $647,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Creative Planning boosted its position in shares of AvePoint by 19.1% during the third quarter. Creative Planning now owns 29,345 shares of the company's stock valued at $345,000 after buying an additional 4,698 shares during the period. US Bancorp DE lifted its position in shares of AvePoint by 8.0% during the third quarter. US Bancorp DE now owns 18,706 shares of the company's stock worth $220,000 after purchasing an additional 1,391 shares during the last quarter. Sheets Smith Wealth Management boosted its stake in shares of AvePoint by 64.8% during the third quarter. Sheets Smith Wealth Management now owns 37,152 shares of the company's stock valued at $437,000 after purchasing an additional 14,614 shares during the period. Lisanti Capital Growth LLC purchased a new stake in shares of AvePoint during the third quarter valued at $1,424,000. Finally, GSA Capital Partners LLP purchased a new position in AvePoint in the 3rd quarter worth about $394,000. Institutional investors own 44.49% of the company's stock.

AvePoint Price Performance

NASDAQ AVPT traded down $0.86 during midday trading on Monday, hitting $13.50. 1,860,341 shares of the company traded hands, compared to its average volume of 1,470,752. AvePoint, Inc. has a 52 week low of $7.44 and a 52 week high of $19.90. The company's 50-day simple moving average is $17.53 and its 200-day simple moving average is $15.32. The company has a market cap of $2.52 billion, a PE ratio of -269.95 and a beta of 1.11.

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Analyst Ratings Changes

AVPT has been the subject of several research reports. William Blair reissued an "outperform" rating on shares of AvePoint in a research report on Tuesday, March 4th. Citigroup boosted their price target on AvePoint from $17.00 to $18.00 and gave the company a "neutral" rating in a report on Friday, January 17th. Finally, The Goldman Sachs Group lifted their target price on AvePoint from $7.50 to $15.00 and gave the company 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, AvePoint currently has an average rating of "Moderate Buy" and an average price target of $16.25.

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.