Marshall Wace LLP Buys Shares of 686,976 AvePoint, Inc. (NASDAQ:AVPT)

Marshall Wace LLP purchased a new stake in AvePoint, Inc. (NASDAQ:AVPT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 686,976 shares of the company's stock, valued at approximately $11,342,000. Marshall Wace LLP owned 0.37% of AvePoint as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AVPT. EAM Global Investors LLC acquired a new stake in shares of AvePoint in the fourth quarter valued at about $4,820,000. Jump Financial LLC lifted its stake in shares of AvePoint by 72.1% in the fourth quarter. Jump Financial LLC now owns 224,472 shares of the company's stock worth $3,706,000 after acquiring an additional 94,009 shares in the last quarter. Mariner LLC acquired a new position in shares of AvePoint in the fourth quarter worth about $183,000. Barclays PLC boosted its holdings in AvePoint by 11.6% in the fourth quarter. Barclays PLC now owns 230,341 shares of the company's stock valued at $3,803,000 after purchasing an additional 23,983 shares during the last quarter. Finally, Summit Investment Advisors Inc. grew its stake in AvePoint by 8.4% during the 4th quarter. Summit Investment Advisors Inc. now owns 13,475 shares of the company's stock valued at $222,000 after purchasing an additional 1,042 shares in the last quarter. 44.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AVPT shares. Citigroup reduced their target price on AvePoint from $18.00 to $16.00 and set a "neutral" rating for the company 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $15.75.

AvePoint Stock Up 2.0 %

Shares of AVPT traded up $0.31 during mid-day trading on Friday, hitting $16.07. The stock had a trading volume of 563,720 shares, compared to its average volume of 1,209,853. The company's fifty day simple moving average is $15.09 and its two-hundred day simple moving average is $15.97. AvePoint, Inc. has a fifty-two week low of $7.74 and a fifty-two week high of $19.90. The company has a market cap of $3.24 billion, a PE ratio of -321.34 and a beta of 1.20.

Insiders Place Their Bets

In other news, insider Brian Michael Brown sold 35,000 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $15.40, for a total transaction of $539,000.00. Following the sale, the insider now directly owns 1,347,145 shares in the company, valued at approximately $20,746,033. This represents a 2.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 26.19% of the stock is owned by corporate insiders.

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.