Intech Investment Management LLC Acquires 35,706 Shares of AvePoint, Inc. (NASDAQ:AVPT)

Intech Investment Management LLC boosted its stake in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 120.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,256 shares of the company's stock after purchasing an additional 35,706 shares during the quarter. Intech Investment Management LLC's holdings in AvePoint were worth $1,077,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AVPT. Global Retirement Partners LLC bought a new position in AvePoint in the 4th quarter worth approximately $25,000. National Bank of Canada FI acquired a new position in shares of AvePoint during the third quarter valued at approximately $29,000. Heck Capital Advisors LLC bought a new position in AvePoint during the fourth quarter valued at about $29,000. R Squared Ltd acquired a new position in AvePoint in the fourth quarter worth approximately $45,000. Finally, Principal Securities Inc. increased its holdings in shares of AvePoint by 12,961.9% in the fourth quarter. Principal Securities Inc. now owns 2,743 shares of the company's stock valued at $45,000 after buying an additional 2,722 shares in the last quarter. 44.49% of the stock is owned by institutional investors and hedge funds.

AvePoint Stock Performance

Shares of NASDAQ AVPT traded down $0.17 during mid-day trading on Wednesday, reaching $15.06. The company had a trading volume of 1,150,535 shares, compared to its average volume of 1,148,449. AvePoint, Inc. has a twelve month low of $7.52 and a twelve month high of $19.90. The stock's 50 day moving average is $17.06 and its 200-day moving average is $15.60. The stock has a market capitalization of $3.04 billion, a PE ratio of -301.14 and a beta of 1.11.

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Insider Activity at AvePoint

In related news, insider Brian Michael Brown sold 35,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $15.40, for a total value 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. The trade was a 2.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 27.78% of the company's stock.

Wall Street Analysts Forecast Growth

AVPT has been the topic of a number of recent research reports. William Blair restated an "outperform" rating on shares of AvePoint in a report on Tuesday, March 4th. Citigroup reduced their price objective on shares of AvePoint from $18.00 to $16.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, AvePoint presently has an average rating of "Moderate Buy" and a consensus target price 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.