Vanguard Group Inc. boosted its stake in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,280,202 shares of the company's stock after buying an additional 150,885 shares during the quarter. Vanguard Group Inc. owned 8.18% of AvePoint worth $252,276,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new position in AvePoint during the third quarter worth $48,226,000. Raymond James Financial Inc. purchased a new position in shares of AvePoint in the fourth quarter valued at $18,067,000. JPMorgan Chase & Co. raised its stake in shares of AvePoint by 13.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,536,660 shares of the company's stock worth $18,086,000 after buying an additional 184,361 shares during the last quarter. Barclays PLC boosted its position in shares of AvePoint by 358.5% in the 3rd quarter. Barclays PLC now owns 206,358 shares of the company's stock worth $2,428,000 after buying an additional 161,354 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in AvePoint by 4.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,829,548 shares of the company's stock valued at $33,309,000 after acquiring an additional 133,156 shares during the last quarter. 44.49% of the stock is owned by hedge funds and other institutional investors.
AvePoint Stock Up 10.5 %
Shares of NASDAQ:AVPT traded up $1.41 during trading on Wednesday, reaching $14.86. The stock had a trading volume of 1,464,064 shares, compared to its average volume of 1,200,383. The stock has a market cap of $3.00 billion, a P/E ratio of -297.14 and a beta of 1.20. The business has a fifty day moving average price of $16.13 and a 200-day moving average price of $15.78. AvePoint, Inc. has a fifty-two week low of $7.62 and a fifty-two week high of $19.90.
Analyst Upgrades and Downgrades
AVPT has been the topic of several recent research reports. William Blair reaffirmed an "outperform" rating on shares of AvePoint in a report on Tuesday, March 4th. Citigroup reduced their target price on AvePoint from $18.00 to $16.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, AvePoint has a consensus rating of "Moderate Buy" and a consensus target price of $15.75.
Check Out Our Latest Stock Report on AVPT
Insider Buying and Selling at AvePoint
In other news, insider Brian Michael Brown sold 35,000 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $15.40, for a total transaction of $539,000.00. Following the transaction, the insider now directly owns 1,347,145 shares in the company, valued at $20,746,033. This represents a 2.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 26.19% of the stock is currently owned by insiders.
About AvePoint
(
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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