Los Angeles Capital Management LLC purchased a new position in AvePoint, Inc. (NASDAQ:AVPT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 59,864 shares of the company's stock, valued at approximately $988,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning boosted its position in shares of AvePoint by 19.1% during the 3rd quarter. Creative Planning now owns 29,345 shares of the company's stock worth $345,000 after acquiring an additional 4,698 shares in the last quarter. US Bancorp DE boosted its holdings in AvePoint by 8.0% in the third quarter. US Bancorp DE now owns 18,706 shares of the company's stock valued at $220,000 after purchasing an additional 1,391 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in AvePoint in the third quarter valued at approximately $1,404,000. Sheets Smith Wealth Management increased its stake in AvePoint by 64.8% in the third quarter. Sheets Smith Wealth Management now owns 37,152 shares of the company's stock valued at $437,000 after purchasing an additional 14,614 shares during the last quarter. Finally, Lisanti Capital Growth LLC acquired a new position in shares of AvePoint in the 3rd quarter valued at $1,424,000. Institutional investors and hedge funds own 44.49% of the company's stock.
AvePoint Stock Performance
NASDAQ AVPT traded up $0.46 during trading on Wednesday, reaching $15.30. The company's stock had a trading volume of 1,513,582 shares, compared to its average volume of 1,438,609. The business's fifty day moving average price is $17.64 and its 200-day moving average price is $15.24. AvePoint, Inc. has a twelve month low of $7.44 and a twelve month high of $19.90. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of -305.94 and a beta of 1.02.
Analyst Upgrades and Downgrades
AVPT has been the topic of several research analyst reports. Citigroup lifted their price target on shares of AvePoint from $17.00 to $18.00 and gave the stock a "neutral" rating in a research note on Friday, January 17th. The Goldman Sachs Group lifted their target price on AvePoint from $7.50 to $15.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 12th. Finally, William Blair restated an "outperform" rating on shares of AvePoint in a research note on Tuesday. 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 data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $16.25.
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AvePoint Company Profile
(
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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