Legato Capital Management LLC Sells 17,538 Shares of AvePoint, Inc. (NASDAQ:AVPT)

Legato Capital Management LLC lessened its stake in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 13.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 110,687 shares of the company's stock after selling 17,538 shares during the quarter. Legato Capital Management LLC owned about 0.06% of AvePoint worth $1,827,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new stake in shares of AvePoint during the 4th quarter worth about $29,000. National Bank of Canada FI bought a new stake in AvePoint during the 3rd quarter valued at approximately $29,000. R Squared Ltd bought a new stake in AvePoint during the 4th quarter valued at approximately $45,000. Pacer Advisors Inc. boosted its stake in AvePoint by 29.7% during the 4th quarter. Pacer Advisors Inc. now owns 4,409 shares of the company's stock valued at $73,000 after purchasing an additional 1,010 shares during the period. Finally, Balboa Wealth Partners bought a new stake in AvePoint during the 3rd quarter valued at approximately $125,000. Institutional investors own 44.49% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on AVPT shares. The Goldman Sachs Group increased their target price on AvePoint from $7.50 to $15.00 and gave the company a "neutral" rating in a research note on Tuesday, November 12th. Citigroup increased their target price on AvePoint from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, AvePoint presently has a consensus rating of "Moderate Buy" and an average target price of $15.00.

Insider Transactions at AvePoint

In related news, CFO James Caci sold 20,215 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $17.12, for a total transaction of $346,080.80. Following the sale, the chief financial officer now directly owns 591,890 shares in the company, valued at $10,133,156.80. This represents a 3.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Zhijian Lu sold 10,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $15.66, for a total value of $156,600.00. Following the sale, the insider now owns 18,290,673 shares in the company, valued at approximately $286,431,939.18. This trade represents a 0.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,215 shares of company stock valued at $673,881. Corporate insiders own 27.78% of the company's stock.

AvePoint Price Performance

Shares of AVPT traded down $0.36 during mid-day trading on Friday, reaching $19.44. The company had a trading volume of 1,539,069 shares, compared to its average volume of 1,051,556. AvePoint, Inc. has a twelve month low of $7.08 and a twelve month high of $19.90. The company's 50-day moving average is $17.92 and its 200-day moving average is $14.60. The company has a market capitalization of $3.63 billion, a P/E ratio of -388.72 and a beta of 1.02.

AvePoint 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.