Prudential Financial Inc. Has $816,000 Holdings in AvePoint, Inc. (NASDAQ:AVPT)

Prudential Financial Inc. decreased its position in AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 56.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,415 shares of the company's stock after selling 65,000 shares during the quarter. Prudential Financial Inc.'s holdings in AvePoint were worth $816,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Pacer Advisors Inc. raised its holdings in AvePoint by 29.7% in the 4th quarter. Pacer Advisors Inc. now owns 4,409 shares of the company's stock worth $73,000 after acquiring an additional 1,010 shares during the period. Moran Wealth Management LLC grew its position in shares of AvePoint by 2.2% in the fourth quarter. Moran Wealth Management LLC now owns 49,571 shares of the company's stock valued at $818,000 after purchasing an additional 1,083 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of AvePoint in the fourth quarter worth about $25,000. Heck Capital Advisors LLC acquired a new position in shares of AvePoint during the 4th quarter worth about $29,000. Finally, Balboa Wealth Partners boosted its stake in AvePoint by 19.1% during the 4th quarter. Balboa Wealth Partners now owns 12,641 shares of the company's stock valued at $209,000 after purchasing an additional 2,027 shares during the period. 44.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AVPT. William Blair reaffirmed an "outperform" rating on shares of AvePoint in a research report on Tuesday, March 4th. Citigroup dropped their target price on shares of AvePoint from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $15.75.

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Insider Transactions at AvePoint

In other news, insider Brian Michael Brown sold 35,000 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $15.40, for a total value of $539,000.00. Following the completion of the transaction, the insider now 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 filing with the SEC, which can be accessed through the SEC website. 26.19% of the stock is owned by insiders.

AvePoint Trading Up 0.9 %

AVPT traded up $0.13 on Friday, hitting $14.53. 690,799 shares of the stock traded hands, compared to its average volume of 1,202,283. The business has a fifty day moving average price of $15.95 and a two-hundred day moving average price of $15.81. AvePoint, Inc. has a 52 week low of $7.62 and a 52 week high of $19.90. The firm has a market capitalization of $2.93 billion, a PE ratio of -290.54 and a beta of 1.20.

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.