Fox Run Management L.L.C. Makes New Investment in AvePoint, Inc. (NASDAQ:AVPT)

Fox Run Management L.L.C. bought a new position in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 48,093 shares of the company's stock, valued at approximately $794,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Wellington Management Group LLP bought a new position in shares of AvePoint during the third quarter worth about $48,226,000. Geode Capital Management LLC increased its position in AvePoint by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,829,548 shares of the company's stock valued at $33,309,000 after purchasing an additional 133,156 shares during the period. JPMorgan Chase & Co. raised its holdings in AvePoint by 13.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,536,660 shares of the company's stock worth $18,086,000 after purchasing an additional 184,361 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of AvePoint by 2.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,200,589 shares of the company's stock worth $14,815,000 after purchasing an additional 27,191 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of AvePoint in the 4th quarter worth approximately $18,067,000. Institutional investors own 44.49% of the company's stock.

AvePoint Stock Performance

Shares of NASDAQ AVPT traded down $0.21 during trading on Tuesday, hitting $15.23. 1,197,733 shares of the company traded hands, compared to its average volume of 1,148,406. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of -304.54 and a beta of 1.11. The business's fifty day moving average is $17.06 and its 200 day moving average is $15.60. AvePoint, Inc. has a fifty-two week low of $7.52 and a fifty-two week high of $19.90.

Remove Ads

Insider Activity at AvePoint

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $15.40, for a total value of $539,000.00. Following the transaction, the insider now directly owns 1,347,145 shares of the company's stock, valued at approximately $20,746,033. This trade represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 27.78% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AVPT has been the subject of several recent analyst reports. Citigroup decreased their price objective 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 reiterated an "outperform" rating on shares of AvePoint in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $15.75.

AvePoint Company 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.