Point72 DIFC Ltd Sells 27,378 Shares of AvePoint, Inc. (NASDAQ:AVPT)

Point72 DIFC Ltd decreased its position in AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 89.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,248 shares of the company's stock after selling 27,378 shares during the period. Point72 DIFC Ltd's holdings in AvePoint were worth $38,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of AVPT. Dimensional Fund Advisors LP increased its position in AvePoint by 13.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,932,248 shares of the company's stock worth $20,133,000 after purchasing an additional 227,324 shares during the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of AvePoint in the second quarter worth $17,305,000. Federated Hermes Inc. lifted its holdings in shares of AvePoint by 3.6% during the 2nd quarter. Federated Hermes Inc. now owns 934,670 shares of the company's stock valued at $9,739,000 after acquiring an additional 32,821 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in AvePoint by 7.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 897,584 shares of the company's stock worth $10,565,000 after purchasing an additional 63,323 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of AvePoint by 16.4% during the second quarter. Renaissance Technologies LLC now owns 861,900 shares of the company's stock worth $8,981,000 after purchasing an additional 121,200 shares in the last quarter. Hedge funds and other institutional investors own 44.49% of the company's stock.

AvePoint Stock Up 0.9 %

Shares of AVPT traded up $0.16 during mid-day trading on Tuesday, reaching $18.69. The company's stock had a trading volume of 736,546 shares, compared to its average volume of 1,031,161. The company has a market cap of $3.49 billion, a price-to-earnings ratio of -370.53 and a beta of 0.99. AvePoint, Inc. has a 1 year low of $7.08 and a 1 year high of $19.16. The business has a fifty day moving average of $14.45 and a 200 day moving average of $11.91.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised their price objective on AvePoint from $7.50 to $15.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $13.20.

Insider Buying and Selling

In other AvePoint news, major shareholder Zhijian Lu sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $11.73, for a total value of $117,300.00. Following the sale, the insider now owns 18,410,673 shares of the company's stock, valued at $215,957,194.29. This trade represents a 0.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO James Caci sold 20,215 shares of the business's stock in a transaction that occurred 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 represents a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 130,215 shares of company stock worth $1,795,881. Insiders own 27.78% of the company's stock.

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.