M&T Bank Corp Makes New $354,000 Investment in AvePoint, Inc. (NASDAQ:AVPT)

M&T Bank Corp bought a new stake in AvePoint, Inc. (NASDAQ:AVPT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 21,424 shares of the company's stock, valued at approximately $354,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cornerstone Investment Partners LLC acquired a new stake in shares of AvePoint in the 4th quarter valued at $181,000. Charles Schwab Investment Management Inc. grew its stake in shares of AvePoint by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 918,345 shares of the company's stock worth $15,162,000 after purchasing an additional 20,761 shares during the period. Versor Investments LP grew its stake in AvePoint by 75.7% in the fourth quarter. Versor Investments LP now owns 31,800 shares of the company's stock valued at $525,000 after acquiring an additional 13,700 shares during the period. Los Angeles Capital Management LLC acquired a new position in AvePoint in the fourth quarter valued at about $988,000. Finally, Olympiad Research LP acquired a new position in AvePoint in the fourth quarter valued at about $451,000. 44.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. William Blair reissued an "outperform" rating on shares of AvePoint in a research note on Tuesday, March 4th. Citigroup cut their price target on AvePoint from $18.00 to $16.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, AvePoint presently has an average rating of "Moderate Buy" and a consensus target price of $15.75.

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AvePoint Stock Performance

AVPT traded down $0.21 on Tuesday, hitting $14.54. 1,413,506 shares of the company were exchanged, compared to its average volume of 1,133,669. AvePoint, Inc. has a 12 month low of $7.44 and a 12 month high of $19.90. The company has a market cap of $2.93 billion, a PE ratio of -290.74 and a beta of 1.11. The stock's fifty day moving average is $17.23 and its 200-day moving average is $15.45.

AvePoint Company 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.