Consolidated Portfolio Review Corp Invests $611,000 in AvePoint, Inc. (NASDAQ:AVPT)

Consolidated Portfolio Review Corp acquired a new stake in AvePoint, Inc. (NASDAQ:AVPT - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 51,942 shares of the company's stock, valued at approximately $611,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in AvePoint by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 14,517,907 shares of the company's stock worth $119,192,000 after purchasing an additional 89,564 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of AvePoint by 370.3% during the 1st quarter. Principal Financial Group Inc. now owns 80,697 shares of the company's stock worth $639,000 after buying an additional 63,538 shares during the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of AvePoint in the 1st quarter worth about $1,844,000. SG Americas Securities LLC grew its stake in AvePoint by 44.2% in the 1st quarter. SG Americas Securities LLC now owns 16,727 shares of the company's stock valued at $132,000 after acquiring an additional 5,125 shares during the last quarter. Finally, ProShare Advisors LLC grew its stake in AvePoint by 12.5% in the 1st quarter. ProShare Advisors LLC now owns 33,857 shares of the company's stock valued at $268,000 after acquiring an additional 3,749 shares during the last quarter. Hedge funds and other institutional investors own 44.49% of the company's stock.

AvePoint Trading Down 1.0 %

Shares of NASDAQ AVPT traded down $0.12 during midday trading on Friday, reaching $11.96. 349,267 shares of the stock were exchanged, compared to its average volume of 980,986. The stock has a 50 day moving average price of $11.71 and a 200-day moving average price of $10.23. The company has a market capitalization of $2.22 billion, a P/E ratio of -149.50 and a beta of 0.89. AvePoint, Inc. has a 52-week low of $7.08 and a 52-week high of $12.66.

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

Insider Activity at AvePoint

In other news, major shareholder Zhijian Lu sold 10,000 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $12.37, for a total transaction of $123,700.00. Following the transaction, the insider now directly owns 18,370,673 shares in the company, valued at $227,245,225.01. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, major shareholder Zhijian Lu sold 10,000 shares of the business's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $12.37, for a total transaction of $123,700.00. Following the completion of the sale, the insider now directly owns 18,370,673 shares of the company's stock, valued at $227,245,225.01. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brian Michael Brown sold 20,000 shares of the company's stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $10.78, for a total value of $215,600.00. Following the sale, the insider now owns 1,277,373 shares of the company's stock, valued at approximately $13,770,080.94. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 170,000 shares of company stock worth $1,940,100. 27.78% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Cantor Fitzgerald upped their price target on shares of AvePoint from $11.00 to $13.00 and gave the company an "overweight" rating in a report on Friday, August 9th. Northland Securities upped their target price on AvePoint from $18.00 to $19.00 and gave the company an "outperform" rating in a research note on Friday, August 9th.

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.