AvePoint, Inc. (NASDAQ:AVPT) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 918,345 shares of the company's stock after buying an additional 20,761 shares during the period. Charles Schwab Investment Management Inc. owned about 0.49% of AvePoint worth $15,162,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AVPT. Pacer Advisors Inc. increased its position in shares of AvePoint by 29.7% in the 4th quarter. Pacer Advisors Inc. now owns 4,409 shares of the company's stock worth $73,000 after purchasing an additional 1,010 shares during the last quarter. Global Retirement Partners LLC bought a new stake in AvePoint in the fourth quarter valued at about $25,000. Heck Capital Advisors LLC bought a new stake in AvePoint in the fourth quarter valued at about $29,000. Harbor Capital Advisors Inc. raised its stake in AvePoint by 1.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 121,358 shares of the company's stock valued at $2,004,000 after buying an additional 2,112 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in AvePoint by 1.3% during the 4th quarter. Rhumbline Advisers now owns 182,990 shares of the company's stock worth $3,021,000 after buying an additional 2,330 shares during the last quarter. 44.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Citigroup lowered their price target on AvePoint from $18.00 to $16.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. William Blair reiterated an "outperform" rating on shares of AvePoint in a research note on Tuesday, March 4th. Two 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.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $15.75.

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AvePoint Price Performance

Shares of AVPT stock traded up $0.39 during trading hours on Monday, reaching $15.44. The stock had a trading volume of 962,885 shares, compared to its average volume of 1,146,459. The firm has a market capitalization of $3.12 billion, a PE ratio of -308.74 and a beta of 1.11. The firm has a 50-day simple moving average of $17.10 and a 200-day simple moving average of $15.55. AvePoint, Inc. has a twelve month low of $7.52 and a twelve month high of $19.90.

AvePoint Company 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.