Quantbot Technologies LP Acquires 90,413 Shares of AvePoint, Inc. (NASDAQ:AVPT)

Quantbot Technologies LP lifted its position in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 142.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,747 shares of the company's stock after purchasing an additional 90,413 shares during the period. Quantbot Technologies LP owned about 0.08% of AvePoint worth $1,810,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AVPT. Vanguard Group Inc. grew its position in shares of AvePoint by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 15,050,278 shares of the company's stock worth $119,198,000 after acquiring an additional 532,371 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of AvePoint by 14.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,464 shares of the company's stock worth $337,000 after acquiring an additional 5,316 shares during the period. Bayesian Capital Management LP bought a new position in AvePoint during the 1st quarter valued at $130,000. SG Americas Securities LLC boosted its stake in AvePoint by 43.2% during the second quarter. SG Americas Securities LLC now owns 23,949 shares of the company's stock valued at $250,000 after buying an additional 7,222 shares in the last quarter. Finally, Calamos Advisors LLC grew its stake in shares of AvePoint by 349.9% in the 2nd quarter. Calamos Advisors LLC now owns 204,359 shares of the company's stock worth $2,129,000 after purchasing an additional 158,940 shares during the last quarter. 44.49% of the stock is owned by hedge funds and other institutional investors.

AvePoint Price Performance

Shares of AVPT stock traded down $0.17 during trading hours on Friday, reaching $17.65. 666,970 shares of the company were exchanged, compared to its average volume of 1,016,724. The stock's fifty day moving average is $13.64 and its two-hundred day moving average is $11.48. The company has a market cap of $3.30 billion, a price-to-earnings ratio of -352.93 and a beta of 0.88. AvePoint, Inc. has a fifty-two week low of $7.08 and a fifty-two week high of $18.75.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, CFO James Caci sold 20,215 shares of the business's stock in a transaction dated 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 $10,133,156.80. The trade was a 3.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Zhijian Lu sold 10,000 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $11.73, for a total value of $117,300.00. Following the completion of the sale, the insider now owns 18,410,673 shares in the company, valued at approximately $215,957,194.29. This trade represents a 0.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 130,215 shares of company stock valued at $1,795,881 over the last ninety days. Insiders own 27.78% of the company's stock.

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.