EAM Investors LLC cut its stake in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 31.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 276,929 shares of the company's stock after selling 128,951 shares during the period. EAM Investors LLC owned approximately 0.15% of AvePoint worth $4,572,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Global Retirement Partners LLC acquired a new stake in AvePoint during the fourth quarter worth approximately $25,000. National Bank of Canada FI acquired a new stake in shares of AvePoint during the third quarter worth $29,000. Heck Capital Advisors LLC acquired a new position in AvePoint in the 4th quarter valued at $29,000. R Squared Ltd purchased a new position in AvePoint during the 4th quarter worth $45,000. Finally, Principal Securities Inc. lifted its stake in shares of 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 acquiring an additional 2,722 shares during the period. 44.49% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, insider Brian Michael Brown sold 35,000 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $15.40, for a total value of $539,000.00. Following the transaction, the insider now owns 1,347,145 shares in the company, valued at approximately $20,746,033. The trade was a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 26.19% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
AVPT has been the subject of a number of analyst reports. Citigroup cut their target price on AvePoint from $18.00 to $16.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. William Blair reiterated an "outperform" rating on shares of AvePoint in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.75.
Read Our Latest Stock Report on AVPT
AvePoint Stock Performance
Shares of NASDAQ:AVPT traded down $0.50 during trading on Monday, reaching $13.93. 107,543 shares of the stock were exchanged, compared to its average volume of 1,205,528. AvePoint, Inc. has a 12-month low of $7.65 and a 12-month high of $19.90. The firm's 50-day moving average price is $15.47 and its 200 day moving average price is $15.94. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of -278.54 and a beta of 1.20.
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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