Algert Global LLC Purchases 115,710 Shares of AvePoint, Inc. (NASDAQ:AVPT)

Algert Global LLC increased its position in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 1,041.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,817 shares of the company's stock after acquiring an additional 115,710 shares during the period. Algert Global LLC owned about 0.07% of AvePoint worth $1,493,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of AVPT. Canada Pension Plan Investment Board bought a new stake in AvePoint in the second quarter worth approximately $83,000. Balboa Wealth Partners bought a new stake in AvePoint in the third quarter worth $125,000. Bayesian Capital Management LP acquired a new position in AvePoint during the first quarter worth $130,000. nVerses Capital LLC acquired a new position in AvePoint during the second quarter worth $173,000. Finally, US Bancorp DE raised its holdings in AvePoint by 8.0% during the third quarter. US Bancorp DE now owns 18,706 shares of the company's stock valued at $220,000 after buying an additional 1,391 shares in the last quarter. Institutional investors and hedge funds own 44.49% of the company's stock.

AvePoint Stock Down 1.0 %

Shares of AVPT stock traded down $0.17 during trading hours on Friday, reaching $17.65. 666,847 shares of the company's stock were exchanged, compared to its average volume of 1,016,724. AvePoint, Inc. has a fifty-two week low of $7.08 and a fifty-two week high of $18.75. The stock has a market capitalization of $3.30 billion, a P/E ratio of -352.93 and a beta of 0.88. The business has a fifty day moving average price of $13.53 and a 200-day moving average price of $11.41.

Analysts Set New Price Targets

A number of brokerages have recently commented on AVPT. Northland Securities increased their price objective on AvePoint from $18.00 to $19.00 and gave the company an "outperform" rating in a report on Friday, August 9th. Cantor Fitzgerald lifted their price target on shares of AvePoint from $11.00 to $13.00 and gave the company an "overweight" rating in a research report on Friday, August 9th. Finally, The Goldman Sachs Group boosted their price objective on shares of AvePoint from $7.50 to $15.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, AvePoint has a consensus rating of "Moderate Buy" and an average price target of $13.20.

Insider Buying and Selling

In related news, CFO James Caci sold 20,215 shares of the company's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $17.12, for a total value of $346,080.80. Following the sale, the chief financial officer now owns 591,890 shares of the company's stock, valued at $10,133,156.80. The trade was a 3.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Zhijian Lu sold 10,000 shares of the firm's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $11.73, for a total transaction of $117,300.00. Following the transaction, the insider now owns 18,410,673 shares of the company's stock, valued at approximately $215,957,194.29. This represents a 0.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 130,215 shares of company stock valued at $1,795,881. 27.78% of the stock is owned by company 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.