Canada Pension Plan Investment Board Makes New Investment in AvePoint, Inc. (NASDAQ:AVPT)

Canada Pension Plan Investment Board purchased a new position in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 99,600 shares of the company's stock, valued at approximately $1,644,000. Canada Pension Plan Investment Board owned 0.05% of AvePoint as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of AVPT. Marshall Wace LLP acquired a new position in AvePoint in the 4th quarter worth about $11,342,000. EAM Global Investors LLC purchased a new position in shares of AvePoint during the 4th quarter valued at approximately $4,820,000. Jump Financial LLC grew its stake in AvePoint by 72.1% in the 4th quarter. Jump Financial LLC now owns 224,472 shares of the company's stock valued at $3,706,000 after acquiring an additional 94,009 shares during the period. Mariner LLC purchased a new stake in AvePoint in the 4th quarter worth $183,000. Finally, Barclays PLC raised its position in AvePoint by 11.6% during the fourth quarter. Barclays PLC now owns 230,341 shares of the company's stock worth $3,803,000 after acquiring an additional 23,983 shares during the period. 44.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at AvePoint

In related news, insider Brian Michael Brown sold 35,000 shares of AvePoint stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $15.11, for a total transaction of $528,850.00. Following the transaction, the insider now owns 1,312,145 shares in the company, valued at approximately $19,826,510.95. This trade represents a 2.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 26.19% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AVPT. Citigroup dropped their target price on shares of AvePoint from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. William Blair reiterated an "outperform" rating on shares of AvePoint in a research note on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $15.75.

AvePoint Price Performance

AVPT traded up $0.13 on Tuesday, reaching $16.25. 105,750 shares of the company's stock were exchanged, compared to its average volume of 1,310,266. The stock has a market cap of $3.28 billion, a PE ratio of -324.96 and a beta of 1.20. AvePoint, Inc. has a twelve month low of $7.76 and a twelve month high of $19.90. The stock's fifty day moving average price is $14.96 and its 200-day moving average price is $16.07.

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.