Connor Clark & Lunn Investment Management Ltd. decreased its position in AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 14.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 280,114 shares of the company's stock after selling 47,898 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.15% of AvePoint worth $4,625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently made changes to their positions in the business. Global Retirement Partners LLC purchased a new position in AvePoint in the fourth quarter worth about $25,000. National Bank of Canada FI purchased a new stake in shares of AvePoint in the third quarter valued at $29,000. Heck Capital Advisors LLC bought a new stake in shares of AvePoint in the 4th quarter worth about $29,000. R Squared Ltd bought a new position in AvePoint during the 4th quarter valued at about $45,000. Finally, Principal Securities Inc. raised its position in AvePoint by 12,961.9% in the 4th quarter. Principal Securities Inc. now owns 2,743 shares of the company's stock worth $45,000 after purchasing an additional 2,722 shares during the period. 44.49% of the stock is currently owned by institutional investors.
AvePoint Stock Performance
AVPT stock traded down $0.04 during trading on Thursday, reaching $15.07. 1,347,163 shares of the company traded hands, compared to its average volume of 1,141,230. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of -301.34 and a beta of 1.11. The business has a 50 day simple moving average of $17.16 and a 200 day simple moving average of $15.47. AvePoint, Inc. has a 12 month low of $7.52 and a 12 month high of $19.90.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the company. Citigroup cut 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. William Blair restated 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 assigned a buy rating to the stock. According to MarketBeat, AvePoint currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.75.
View Our Latest Stock Report on AvePoint
AvePoint Company Profile
(
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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