AvePoint, Inc. (NASDAQ:AVPT) Shares Sold by Invesco Ltd.

Invesco Ltd. decreased its position in AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 16.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 788,519 shares of the company's stock after selling 150,908 shares during the period. Invesco Ltd. owned about 0.42% of AvePoint worth $13,018,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AVPT. Pacer Advisors Inc. increased its stake in AvePoint by 29.7% in the 4th quarter. Pacer Advisors Inc. now owns 4,409 shares of the company's stock worth $73,000 after purchasing an additional 1,010 shares during the period. Moran Wealth Management LLC increased its position in shares of AvePoint by 2.2% during the fourth quarter. Moran Wealth Management LLC now owns 49,571 shares of the company's stock valued at $818,000 after buying an additional 1,083 shares during the period. Global Retirement Partners LLC purchased a new stake in AvePoint in the fourth quarter worth about $25,000. Blair William & Co. IL boosted its position in AvePoint by 24.7% during the 4th quarter. Blair William & Co. IL now owns 7,563 shares of the company's stock valued at $125,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Heck Capital Advisors LLC bought a new position in shares of AvePoint in the 4th quarter worth approximately $29,000. 44.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on AVPT. Citigroup lowered their target price on shares of AvePoint from $18.00 to $16.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. William Blair reiterated an "outperform" rating on shares of AvePoint in a research note on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.75.

Insiders Place Their Bets

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of AvePoint 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 26.19% of the stock is currently owned by insiders.

AvePoint Price Performance

AvePoint stock traded up $0.66 during mid-day trading on Thursday, reaching $15.76. 849,790 shares of the company traded hands, compared to its average volume of 1,209,041. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of -315.14 and a beta of 1.20. AvePoint, Inc. has a fifty-two week low of $7.74 and a fifty-two week high of $19.90. The firm's fifty day moving average is $15.16 and its two-hundred day moving average is $15.94.

About AvePoint

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.