Trexquant Investment LP boosted its position in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 78.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 588,859 shares of the company's stock after buying an additional 258,029 shares during the quarter. Trexquant Investment LP owned approximately 0.32% of AvePoint worth $9,722,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of AvePoint by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,850,268 shares of the company's stock valued at $47,067,000 after acquiring an additional 20,720 shares during the period. Scalar Gauge Management LLC purchased a new position in AvePoint during the 4th quarter valued at about $9,985,000. Wellington Management Group LLP increased its holdings in AvePoint by 56.9% during the 4th quarter. Wellington Management Group LLP now owns 6,430,203 shares of the company's stock valued at $106,163,000 after purchasing an additional 2,332,813 shares during the period. Arrowstreet Capital Limited Partnership raised its position in AvePoint by 566.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,678,403 shares of the company's stock valued at $44,220,000 after purchasing an additional 2,276,258 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in shares of AvePoint by 16.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 15,183 shares of the company's stock valued at $251,000 after acquiring an additional 2,089 shares in the last quarter. Hedge funds and other institutional investors own 44.49% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the stock. William Blair reiterated an "outperform" rating on shares of AvePoint in a research report on Tuesday, March 4th. Citigroup lowered their price objective on AvePoint from $18.00 to $16.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, AvePoint currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.75.
Read Our Latest Report on AvePoint
Insider Activity
In other news, insider Brian Michael Brown sold 35,000 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $15.40, for a total value of $539,000.00. Following the completion of the transaction, the insider now owns 1,347,145 shares in the company, valued at $20,746,033. The trade was a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 26.19% of the company's stock.
AvePoint Trading Up 0.7 %
NASDAQ:AVPT traded up $0.09 on Monday, reaching $13.42. 501,184 shares of the stock traded hands, compared to its average volume of 1,192,609. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of -267.75 and a beta of 1.20. AvePoint, Inc. has a 12 month low of $7.62 and a 12 month high of $19.90. The company's fifty day simple moving average is $16.57 and its 200 day simple moving average is $15.75.
AvePoint Profile
(
Free Report)
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.
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