AvePoint, Inc. (NASDAQ:AVPT) Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC reduced its stake in AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 8.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 181,110 shares of the company's stock after selling 15,985 shares during the quarter. Ingalls & Snyder LLC owned 0.10% of AvePoint worth $2,990,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Entropy Technologies LP grew its holdings in AvePoint by 32.3% during the fourth quarter. Entropy Technologies LP now owns 17,616 shares of the company's stock worth $291,000 after acquiring an additional 4,300 shares during the period. Longboard Asset Management LP acquired a new position in shares of AvePoint during the 4th quarter worth $188,000. Heck Capital Advisors LLC purchased a new position in shares of AvePoint in the 4th quarter valued at about $29,000. Baader Bank Aktiengesellschaft acquired a new stake in shares of AvePoint in the fourth quarter valued at about $190,000. Finally, R Squared Ltd acquired a new stake in shares of AvePoint in the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 44.49% of the company's stock.

AvePoint Stock Down 1.8 %

AVPT stock traded down $0.36 during midday trading on Friday, hitting $19.44. The stock had a trading volume of 1,539,069 shares, compared to its average volume of 1,051,556. The company's 50-day moving average price is $17.92 and its 200 day moving average price is $14.63. AvePoint, Inc. has a 12-month low of $7.08 and a 12-month high of $19.90.

Wall Street Analysts Forecast Growth

AVPT has been the topic of a number of research reports. Citigroup upped their price target on AvePoint from $17.00 to $18.00 and gave the stock a "neutral" rating in a report on Friday, January 17th. 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 report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, AvePoint currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.00.

Insider Transactions at AvePoint

In other AvePoint news, major shareholder Zhijian Lu sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $17.12, for a total value of $171,200.00. Following the completion of the transaction, the insider now owns 18,270,673 shares in the company, valued at $312,793,921.76. This represents a 0.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James Caci sold 20,215 shares of AvePoint stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $17.12, for a total transaction of $346,080.80. Following the sale, the chief financial officer now owns 591,890 shares in the company, valued at $10,133,156.80. This represents a 3.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,215 shares of company stock worth $673,881 in 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.