Federated Hermes Inc. Has $15.77 Million Position in AvePoint, Inc. (NASDAQ:AVPT)

Federated Hermes Inc. raised its stake in AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 955,089 shares of the company's stock after acquiring an additional 18,589 shares during the period. Federated Hermes Inc. owned 0.51% of AvePoint worth $15,769,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC acquired a new stake in AvePoint in the fourth quarter worth $25,000. Heck Capital Advisors LLC acquired a new stake in shares of AvePoint in the fourth quarter valued at approximately $29,000. National Bank of Canada FI bought a new stake in shares of AvePoint during the third quarter valued at approximately $29,000. R Squared Ltd acquired a new position in shares of AvePoint during the fourth quarter worth approximately $45,000. Finally, Principal Securities Inc. grew its holdings 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 buying an additional 2,722 shares in the last quarter. 44.49% of the stock is currently owned by institutional investors and hedge funds.

AvePoint Stock Up 1.7 %

AvePoint stock traded up $0.24 during mid-day trading on Tuesday, hitting $14.74. The company's stock had a trading volume of 131,029 shares, compared to its average volume of 1,379,757. AvePoint, Inc. has a twelve month low of $7.62 and a twelve month high of $19.90. The stock's fifty day moving average price is $15.85 and its two-hundred day moving average price is $15.86. The stock has a market capitalization of $2.97 billion, a P/E ratio of -294.74 and a beta of 1.20.

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Insider Transactions at AvePoint

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $15.40, for a total value of $539,000.00. Following the completion of the transaction, the insider now directly owns 1,347,145 shares in the company, valued at $20,746,033. This trade represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 26.19% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Citigroup decreased their target price on shares of AvePoint from $18.00 to $16.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. William Blair reissued an "outperform" rating on shares of AvePoint in a 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $15.75.

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.