Jump Financial LLC Has $3.71 Million Holdings in AvePoint, Inc. (NASDAQ:AVPT)

Jump Financial LLC boosted its stake in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 72.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 224,472 shares of the company's stock after acquiring an additional 94,009 shares during the period. Jump Financial LLC owned 0.12% of AvePoint worth $3,706,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new position in AvePoint during the 4th quarter worth $25,000. National Bank of Canada FI bought a new position in shares of AvePoint in the 3rd quarter valued at $29,000. Heck Capital Advisors LLC bought a new position in shares of AvePoint in the 4th quarter valued at $29,000. R Squared Ltd bought a new position in shares of AvePoint in the 4th quarter valued at $45,000. Finally, Principal Securities Inc. increased its stake in shares of AvePoint by 12,961.9% in the 4th quarter. Principal Securities Inc. now owns 2,743 shares of the company's stock valued at $45,000 after purchasing an additional 2,722 shares during the last quarter. Institutional investors own 44.49% of the company's stock.

Analyst Upgrades and Downgrades

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

AvePoint Stock Up 4.8 %

AVPT traded up $0.69 during midday trading on Wednesday, hitting $15.01. 244,767 shares of the company were exchanged, compared to its average volume of 1,203,901. The firm has a market capitalization of $3.03 billion, a P/E ratio of -300.14 and a beta of 1.20. The firm's 50 day moving average price is $15.25 and its 200-day moving average price is $15.95. AvePoint, Inc. has a 1-year low of $7.74 and a 1-year high of $19.90.

Insider Buying and Selling

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of the 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 owns 1,347,145 shares of the company's stock, valued at approximately $20,746,033. This represents a 2.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 26.19% of the stock is owned by insiders.

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.