Integrated Quantitative Investments LLC bought a new position in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,394 shares of the company's stock, valued at approximately $337,000.
A number of other large investors have also recently made changes to their positions in AVPT. The Manufacturers Life Insurance Company lifted its holdings in AvePoint by 8.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 70,013 shares of the company's stock worth $824,000 after purchasing an additional 5,352 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of AvePoint by 7.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 897,584 shares of the company's stock valued at $10,565,000 after acquiring an additional 63,323 shares during the period. JPMorgan Chase & Co. grew its stake in AvePoint by 13.6% during the third quarter. JPMorgan Chase & Co. now owns 1,536,660 shares of the company's stock valued at $18,086,000 after acquiring an additional 184,361 shares in the last quarter. Ashford Capital Management Inc. increased its holdings in AvePoint by 10.0% during the 3rd quarter. Ashford Capital Management Inc. now owns 1,091,230 shares of the company's stock worth $12,844,000 after acquiring an additional 99,505 shares during the period. Finally, Barclays PLC lifted its stake in AvePoint by 358.5% in the 3rd quarter. Barclays PLC now owns 206,358 shares of the company's stock worth $2,428,000 after purchasing an additional 161,354 shares in the last quarter. 44.49% of the stock is owned by institutional investors.
AvePoint Trading Down 3.6 %
Shares of AVPT traded down $0.54 during midday trading on Thursday, reaching $14.32. The stock had a trading volume of 235,434 shares, compared to its average volume of 1,196,642. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of -286.74 and a beta of 1.20. The company's 50-day moving average is $16.13 and its 200 day moving average is $15.78. AvePoint, Inc. has a 12-month low of $7.62 and a 12-month high of $19.90.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the company. Citigroup lowered their price objective on AvePoint from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. William Blair reiterated an "outperform" rating on shares of AvePoint in a research report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, AvePoint currently has an average rating of "Moderate Buy" and an average price target of $15.75.
Check Out Our Latest Research Report on AVPT
Insider Buying and Selling at AvePoint
In other news, insider Brian Michael Brown sold 35,000 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $15.40, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 26.19% of the company's stock.
AvePoint Company Profile
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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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