GSA Capital Partners LLP acquired a new stake in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 33,502 shares of the company's stock, valued at approximately $394,000.
Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in AvePoint by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 15,050,278 shares of the company's stock worth $119,198,000 after acquiring an additional 532,371 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of AvePoint by 13.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,932,248 shares of the company's stock worth $20,133,000 after purchasing an additional 227,324 shares in the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of AvePoint during the second quarter worth approximately $17,305,000. Federated Hermes Inc. grew its position in AvePoint by 3.6% during the second quarter. Federated Hermes Inc. now owns 934,670 shares of the company's stock valued at $9,739,000 after purchasing an additional 32,821 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in AvePoint by 16.4% in the 2nd quarter. Renaissance Technologies LLC now owns 861,900 shares of the company's stock valued at $8,981,000 after buying an additional 121,200 shares during the period. 44.49% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group lifted their target price on shares of AvePoint from $7.50 to $15.00 and gave the company a "neutral" rating in a research note on Tuesday, November 12th. Northland Securities boosted their target price on AvePoint from $18.00 to $19.00 and gave the company an "outperform" rating in a research note on Friday, August 9th. Finally, Cantor Fitzgerald raised their price target on AvePoint from $11.00 to $13.00 and gave the stock an "overweight" rating in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, AvePoint currently has an average rating of "Moderate Buy" and an average target price of $13.20.
Get Our Latest Stock Report on AVPT
Insider Buying and Selling at AvePoint
In other news, major shareholder Zhijian Lu sold 10,000 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $11.91, for a total transaction of $119,100.00. Following the completion of the transaction, the insider now owns 18,430,673 shares of the company's stock, valued at approximately $219,509,315.43. This represents a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James Caci sold 20,215 shares of the firm'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 value of $346,080.80. Following the completion of the sale, the chief financial officer now owns 591,890 shares of the company's stock, valued at $10,133,156.80. This represents a 3.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,215 shares of company stock worth $1,903,881 over the last ninety days. Company insiders own 27.78% of the company's stock.
AvePoint Price Performance
Shares of AVPT stock traded up $0.27 during trading on Friday, reaching $18.57. The company had a trading volume of 2,256,965 shares, compared to its average volume of 1,010,486. AvePoint, Inc. has a one year low of $7.08 and a one year high of $18.75. The company has a market capitalization of $3.47 billion, a PE ratio of -371.33 and a beta of 0.88. The firm's 50 day simple moving average is $13.04 and its two-hundred day simple moving average is $11.14.
About AvePoint
(
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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