AvePoint, Inc. (NASDAQ:AVPT) Shares Sold by AlphaQuest LLC

AlphaQuest LLC reduced its holdings in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 79.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,634 shares of the company's stock after selling 57,952 shares during the period. AlphaQuest LLC's holdings in AvePoint were worth $242,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Quantbot Technologies LP boosted its position in shares of AvePoint by 142.8% during the 3rd quarter. Quantbot Technologies LP now owns 153,747 shares of the company's stock valued at $1,810,000 after acquiring an additional 90,413 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of AvePoint by 8.3% during the third quarter. The Manufacturers Life Insurance Company now owns 70,013 shares of the company's stock valued at $824,000 after buying an additional 5,352 shares during the last quarter. Walleye Capital LLC acquired a new stake in shares of AvePoint in the 3rd quarter worth $2,970,000. Charles Schwab Investment Management Inc. raised its holdings in shares of AvePoint by 7.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 897,584 shares of the company's stock worth $10,565,000 after buying an additional 63,323 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of AvePoint by 13.6% during the third 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 during the period. 44.49% of the stock is currently owned by institutional investors.

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AvePoint Stock Performance

NASDAQ AVPT traded up $0.57 during trading hours on Wednesday, reaching $15.11. The company's stock had a trading volume of 1,280,783 shares, compared to its average volume of 1,138,300. AvePoint, Inc. has a fifty-two week low of $7.50 and a fifty-two week high of $19.90. The company's 50-day moving average is $17.19 and its two-hundred day moving average is $15.47. The stock has a market cap of $3.05 billion, a PE ratio of -302.18 and a beta of 1.11.

Analysts Set New Price Targets

AVPT has been the topic of several research analyst reports. Citigroup dropped their target price 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. William Blair restated an "outperform" rating on shares of AvePoint in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, AvePoint currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.75.

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.