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

Fox Run Management L.L.C. acquired a new stake in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 48,093 shares of the company's stock, valued at approximately $794,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Global Retirement Partners LLC bought a new stake in AvePoint during the fourth quarter valued at about $25,000. Heck Capital Advisors LLC purchased a new position in shares of AvePoint during the 4th quarter valued at about $29,000. National Bank of Canada FI bought a new position in shares of AvePoint during the 3rd quarter valued at approximately $29,000. R Squared Ltd purchased a new stake in AvePoint in the 4th quarter worth approximately $45,000. Finally, Principal Securities Inc. raised its stake in AvePoint by 12,961.9% during 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 currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AVPT has been the subject of a number of analyst reports. William Blair reissued an "outperform" rating on shares of AvePoint in a research note on Tuesday, March 4th. Citigroup decreased their price target on AvePoint from $18.00 to $16.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $15.75.

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Insider Buying and Selling at AvePoint

In other news, insider Brian Michael Brown sold 35,000 shares of AvePoint stock in a transaction on Monday, March 24th. The stock was sold at an average price of $15.40, for a total transaction of $539,000.00. Following the completion of the sale, the insider now directly owns 1,347,145 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 26.19% of the company's stock.

AvePoint Price Performance

Shares of AVPT stock traded down $0.16 during trading hours on Friday, hitting $14.62. The stock had a trading volume of 1,486,636 shares, compared to its average volume of 1,196,059. AvePoint, Inc. has a one year low of $7.52 and a one year high of $19.90. The stock's 50-day moving average price is $16.90 and its two-hundred day moving average price is $15.61. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of -292.34 and a beta of 1.11.

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.