Fmr LLC Buys 35,446 Shares of AvePoint, Inc. (NASDAQ:AVPT)

FMR LLC increased its position in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 1,253.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,275 shares of the company's stock after acquiring an additional 35,446 shares during the quarter. FMR LLC's holdings in AvePoint were worth $450,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Quantbot Technologies LP lifted its holdings in shares of AvePoint by 142.8% in the third quarter. Quantbot Technologies LP now owns 153,747 shares of the company's stock valued at $1,810,000 after purchasing an additional 90,413 shares in the last quarter. D.A. Davidson & CO. bought a new stake in AvePoint in the 3rd quarter valued at approximately $899,000. The Manufacturers Life Insurance Company boosted its position in AvePoint by 8.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 70,013 shares of the company's stock worth $824,000 after acquiring an additional 5,352 shares during the last quarter. Algert Global LLC grew its stake in shares of AvePoint by 1,041.8% during the 3rd quarter. Algert Global LLC now owns 126,817 shares of the company's stock worth $1,493,000 after acquiring an additional 115,710 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of AvePoint by 6.6% in the third quarter. Cerity Partners LLC now owns 41,499 shares of the company's stock valued at $488,000 after purchasing an additional 2,571 shares during the last quarter. Institutional investors own 44.49% of the company's stock.

Insider Buying and Selling at AvePoint

In related news, major shareholder Zhijian Lu sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $17.12, for a total transaction of $171,200.00. Following the transaction, the insider now directly owns 18,270,673 shares of the company's stock, valued at approximately $312,793,921.76. The trade was a 0.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James Caci sold 20,215 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $17.12, for a total value of $346,080.80. Following the completion of the sale, the chief financial officer now owns 591,890 shares in the company, valued at approximately $10,133,156.80. This trade represents a 3.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 100,215 shares of company stock worth $1,440,081 over the last quarter. 27.78% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group increased their target price on shares of AvePoint from $7.50 to $15.00 and gave the stock a "neutral" rating in a report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.20.

AvePoint Trading Up 0.8 %

Shares of NASDAQ:AVPT traded up $0.15 during trading on Friday, hitting $17.89. 1,392,949 shares of the company were exchanged, compared to its average volume of 1,043,798. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of -357.73 and a beta of 1.00. AvePoint, Inc. has a fifty-two week low of $7.08 and a fifty-two week high of $19.16. The firm has a fifty day moving average price of $15.59 and a two-hundred day moving average price of $12.45.

AvePoint 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.