Martingale Asset Management L P Purchases 53,801 Shares of AvePoint, Inc. (NASDAQ:AVPT)

Martingale Asset Management L P raised its holdings in AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 288.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,442 shares of the company's stock after acquiring an additional 53,801 shares during the quarter. Martingale Asset Management L P's holdings in AvePoint were worth $853,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new stake in AvePoint during the second quarter valued at about $83,000. Balboa Wealth Partners purchased a new stake in AvePoint during the third quarter valued at about $125,000. Algert Global LLC purchased a new stake in AvePoint during the second quarter valued at about $116,000. nVerses Capital LLC purchased a new stake in AvePoint during the second quarter valued at about $173,000. Finally, US Bancorp DE lifted its stake in AvePoint by 8.0% during the third quarter. US Bancorp DE now owns 18,706 shares of the company's stock valued at $220,000 after buying an additional 1,391 shares in the last quarter. 44.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AVPT shares. The Goldman Sachs Group increased their price target on shares of AvePoint from $7.50 to $15.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 12th. Cantor Fitzgerald increased their price target on shares of AvePoint from $11.00 to $13.00 and gave the stock an "overweight" rating in a research report on Friday, August 9th. Finally, Northland Securities increased their price target on shares of AvePoint from $18.00 to $19.00 and gave the stock an "outperform" rating in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $13.20.

Insider Buying and Selling at AvePoint

In other news, CFO James Caci sold 20,215 shares of the firm's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $17.12, for a total value of $346,080.80. Following the sale, the chief financial officer now owns 591,890 shares in the company, valued at approximately $10,133,156.80. This trade represents a 3.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Zhijian Lu sold 10,000 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $11.91, for a total transaction of $119,100.00. Following the completion of the sale, the insider now owns 18,430,673 shares in the company, valued at approximately $219,509,315.43. The trade was a 0.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 130,215 shares of company stock worth $1,795,881 over the last 90 days. Insiders own 27.78% of the company's stock.

AvePoint Trading Up 1.7 %

AVPT stock traded up $0.31 during midday trading on Tuesday, hitting $18.22. 1,027,026 shares of the company traded hands, compared to its average volume of 1,495,012. AvePoint, Inc. has a twelve month low of $7.08 and a twelve month high of $18.75. The business has a 50 day simple moving average of $13.77 and a 200-day simple moving average of $11.59.

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.