Counterpoint Mutual Funds LLC bought a new stake in AvePoint, Inc. (NASDAQ:AVPT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 26,840 shares of the company's stock, valued at approximately $443,000.
Other hedge funds have also recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new position in shares of AvePoint in the third quarter valued at approximately $394,000. Quest Partners LLC increased its position in AvePoint by 74.4% in the 3rd quarter. Quest Partners LLC now owns 72,586 shares of the company's stock valued at $854,000 after acquiring an additional 30,968 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of AvePoint by 2.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 328,012 shares of the company's stock worth $3,861,000 after purchasing an additional 8,620 shares during the period. Moran Wealth Management LLC grew its stake in shares of AvePoint by 35.2% in the third quarter. Moran Wealth Management LLC now owns 48,488 shares of the company's stock worth $571,000 after purchasing an additional 12,618 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in AvePoint in the third quarter valued at $348,000. 44.49% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
AVPT has been the topic of a number of analyst reports. William Blair reiterated an "outperform" rating on shares of AvePoint in a research report on Tuesday, March 4th. Citigroup reduced their target price on AvePoint from $18.00 to $16.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $15.75.
View Our Latest Report on AVPT
AvePoint Price Performance
Shares of AvePoint stock traded down $0.02 on Friday, hitting $15.05. 1,729,546 shares of the company's stock traded hands, compared to its average volume of 1,145,241. The company has a fifty day moving average of $17.13 and a two-hundred day moving average of $15.47. AvePoint, Inc. has a one year low of $7.52 and a one year high of $19.90. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of -300.94 and a beta of 1.11.
AvePoint Profile
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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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