Centiva Capital LP Decreases Stock Holdings in AvePoint, Inc. (NASDAQ:AVPT)

Centiva Capital LP trimmed its position in AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 80.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,999 shares of the company's stock after selling 48,208 shares during the quarter. Centiva Capital LP's holdings in AvePoint were worth $141,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Canada Pension Plan Investment Board bought a new stake in shares of AvePoint in the 2nd quarter worth about $83,000. Algert Global LLC bought a new stake in AvePoint during the second quarter worth approximately $116,000. Balboa Wealth Partners purchased a new stake in AvePoint during the third quarter valued at approximately $125,000. nVerses Capital LLC bought a new stake in shares of AvePoint in the 2nd quarter valued at approximately $173,000. Finally, US Bancorp DE boosted its holdings in shares of AvePoint by 8.0% in the 3rd quarter. US Bancorp DE now owns 18,706 shares of the company's stock worth $220,000 after purchasing an additional 1,391 shares during the period. 44.49% of the stock is owned by institutional investors.

Insider Activity at AvePoint

In other AvePoint news, CFO James Caci sold 20,215 shares of AvePoint stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $17.12, for a total transaction of $346,080.80. Following the completion of the sale, the chief financial officer now directly owns 591,890 shares of the company's stock, valued at $10,133,156.80. The trade was a 3.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Zhijian Lu sold 10,000 shares of the firm's stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $11.73, for a total value of $117,300.00. Following the transaction, the insider now owns 18,410,673 shares in the company, valued at approximately $215,957,194.29. This represents a 0.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 130,215 shares of company stock worth $1,795,881 in the last quarter. 27.78% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group increased their price target on AvePoint from $7.50 to $15.00 and gave the company a "neutral" rating in a report on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $13.20.

AvePoint Price Performance

Shares of AVPT traded down $0.21 during mid-day trading on Friday, reaching $18.37. 1,070,218 shares of the company's stock traded hands, compared to its average volume of 1,038,972. The stock's 50-day moving average is $15.00 and its two-hundred day moving average is $12.16. AvePoint, Inc. has a 12 month low of $7.08 and a 12 month high of $19.16. The stock has a market cap of $3.43 billion, a P/E ratio of -367.30 and a beta of 1.00.

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.