Lisanti Capital Growth LLC Makes New Investment in AvePoint, Inc. (NASDAQ:AVPT)

Lisanti Capital Growth LLC acquired a new stake in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 121,000 shares of the company's stock, valued at approximately $1,424,000. Lisanti Capital Growth LLC owned 0.06% of AvePoint at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sheets Smith Wealth Management boosted its holdings in shares of AvePoint by 64.8% in the third quarter. Sheets Smith Wealth Management now owns 37,152 shares of the company's stock worth $437,000 after acquiring an additional 14,614 shares during the period. Harbor Capital Advisors Inc. bought a new position in shares of AvePoint in the third quarter worth $1,404,000. US Bancorp DE boosted its holdings in shares of AvePoint by 8.0% in the third quarter. US Bancorp DE now owns 18,706 shares of the company's stock worth $220,000 after acquiring an additional 1,391 shares during the period. Smith Group Asset Management LLC boosted its holdings in shares of AvePoint by 24.9% in the third quarter. Smith Group Asset Management LLC now owns 53,304 shares of the company's stock worth $627,000 after acquiring an additional 10,614 shares during the period. Finally, Consolidated Portfolio Review Corp bought a new position in shares of AvePoint in the third quarter worth $611,000. 44.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on AVPT. Northland Securities raised their price target on AvePoint from $18.00 to $19.00 and gave the stock an "outperform" rating in a report on Friday, August 9th. Cantor Fitzgerald raised their price target on AvePoint from $11.00 to $13.00 and gave the stock an "overweight" rating in a report on Friday, August 9th.

AvePoint Stock Up 5.4 %

NASDAQ:AVPT traded up $0.81 during trading hours on Monday, hitting $15.70. 1,558,448 shares of the company's stock traded hands, compared to its average volume of 980,222. The firm has a market cap of $2.93 billion, a P/E ratio of -305.60 and a beta of 0.88. AvePoint, Inc. has a 52 week low of $7.08 and a 52 week high of $15.77. The business's fifty day simple moving average is $12.06 and its two-hundred day simple moving average is $10.58.

AvePoint (NASDAQ:AVPT - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.09). AvePoint had a negative net margin of 4.77% and a negative return on equity of 6.66%. The business had revenue of $77.96 million for the quarter, compared to the consensus estimate of $75.17 million. During the same period in the prior year, the business posted ($0.07) EPS. AvePoint's quarterly revenue was up 20.2% on a year-over-year basis. On average, analysts expect that AvePoint, Inc. will post -0.09 EPS for the current year.

Insider Buying and Selling at AvePoint

In other AvePoint news, major shareholder Zhijian Lu sold 10,000 shares of the firm's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $10.89, for a total transaction of $108,900.00. Following the sale, the insider now owns 18,440,673 shares in the company, valued at $200,818,928.97. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, major shareholder Zhijian Lu sold 10,000 shares of AvePoint stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $10.89, for a total value of $108,900.00. Following the transaction, the insider now owns 18,440,673 shares in the company, valued at approximately $200,818,928.97. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James Caci sold 30,000 shares of AvePoint stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $10.91, for a total value of $327,300.00. Following the completion of the transaction, the chief financial officer now owns 630,084 shares in the company, valued at approximately $6,874,216.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 150,000 shares of company stock worth $1,724,500 over the last 90 days. Corporate insiders own 27.78% of the company's stock.

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.