Harvest Investment Services LLC Takes $856,000 Position in AvePoint, Inc. (NASDAQ:AVPT)

Harvest Investment Services LLC purchased a new position in AvePoint, Inc. (NASDAQ:AVPT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 51,818 shares of the company's stock, valued at approximately $856,000.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in AvePoint by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 15,280,202 shares of the company's stock worth $252,276,000 after buying an additional 150,885 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of AvePoint by 56.9% during the fourth quarter. Wellington Management Group LLP now owns 6,430,203 shares of the company's stock valued at $106,163,000 after purchasing an additional 2,332,813 shares during the last quarter. Geode Capital Management LLC lifted its position in AvePoint by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 2,850,268 shares of the company's stock valued at $47,067,000 after purchasing an additional 20,720 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in AvePoint by 566.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,678,403 shares of the company's stock worth $44,220,000 after purchasing an additional 2,276,258 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in AvePoint by 7.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,657,804 shares of the company's stock worth $27,370,000 after purchasing an additional 121,144 shares during the period. 44.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. William Blair reissued an "outperform" rating on shares of AvePoint in a report on Tuesday, March 4th. Citigroup dropped their target price on AvePoint from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. 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 data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $15.75.

Insider Activity

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $15.40, for a total transaction of $539,000.00. Following the sale, the insider now owns 1,347,145 shares in the company, valued at approximately $20,746,033. This trade represents a 2.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 26.19% of the company's stock.

AvePoint Stock Performance

Shares of AvePoint stock opened at $14.32 on Wednesday. The stock has a market cap of $2.89 billion, a P/E ratio of -286.34 and a beta of 1.20. The stock's fifty day moving average is $15.25 and its 200 day moving average is $15.95. AvePoint, Inc. has a one year low of $7.74 and a one year high of $19.90.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.