Barclays PLC Purchases 161,354 Shares of AvePoint, Inc. (NASDAQ:AVPT)

Barclays PLC increased its stake in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 358.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 206,358 shares of the company's stock after purchasing an additional 161,354 shares during the quarter. Barclays PLC owned approximately 0.11% of AvePoint worth $2,428,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AVPT. US Bancorp DE boosted its stake in shares of AvePoint by 8.0% during the 3rd quarter. US Bancorp DE now owns 18,706 shares of the company's stock valued at $220,000 after buying an additional 1,391 shares during the period. National Bank of Canada FI acquired a new stake in AvePoint during the third quarter valued at $29,000. Cerity Partners LLC increased its position in AvePoint by 6.6% in the 3rd quarter. Cerity Partners LLC now owns 41,499 shares of the company's stock worth $488,000 after purchasing an additional 2,571 shares during the last quarter. Creative Planning raised its stake in shares of AvePoint by 19.1% during the 3rd quarter. Creative Planning now owns 29,345 shares of the company's stock worth $345,000 after purchasing an additional 4,698 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of AvePoint by 8.3% during the 3rd 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. 44.49% of the stock is owned by hedge funds and other institutional investors.

AvePoint Stock Performance

Shares of NASDAQ AVPT traded down $0.37 during mid-day trading on Thursday, reaching $17.43. 617,930 shares of the company traded hands, compared to its average volume of 1,041,370. The company's fifty day moving average is $16.02 and its two-hundred day moving average is $12.69. AvePoint, Inc. has a fifty-two week low of $7.08 and a fifty-two week high of $19.16. The stock has a market cap of $3.25 billion, a PE ratio of -348.53 and a beta of 1.00.

Insider Buying and Selling at AvePoint

In related news, major shareholder Zhijian Lu sold 10,000 shares of the business's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $12.37, for a total transaction of $123,700.00. Following the completion of the transaction, the insider now owns 18,370,673 shares of the company's stock, valued at approximately $227,245,225.01. The trade was a 0.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James Caci sold 20,215 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $17.12, for a total value of $346,080.80. Following the sale, the chief financial officer now owns 591,890 shares of the company's stock, valued at approximately $10,133,156.80. The trade was a 3.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 90,215 shares of company stock worth $1,321,081 over the last 90 days. Insiders own 27.78% of the company's stock.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group increased their price objective on AvePoint from $7.50 to $15.00 and gave the stock a "neutral" rating in a 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. According to MarketBeat.com, AvePoint presently has a consensus rating of "Moderate Buy" and an average price target of $13.20.

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.