Quest Partners LLC Buys 30,968 Shares of AvePoint, Inc. (NASDAQ:AVPT)

Quest Partners LLC raised its stake in AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 74.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,586 shares of the company's stock after acquiring an additional 30,968 shares during the period. Quest Partners LLC's holdings in AvePoint were worth $854,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC lifted its stake in shares of AvePoint by 44.2% during the first 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 period. ProShare Advisors LLC grew its holdings in shares of AvePoint by 12.5% during the first quarter. ProShare Advisors LLC now owns 33,857 shares of the company's stock worth $268,000 after buying an additional 3,749 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of AvePoint by 3.7% during the first quarter. Vanguard Group Inc. now owns 15,050,278 shares of the company's stock worth $119,198,000 after buying an additional 532,371 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of AvePoint by 14.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 42,464 shares of the company's stock worth $337,000 after buying an additional 5,316 shares in the last quarter. Finally, Bayesian Capital Management LP bought a new position in shares of AvePoint during the first quarter worth about $130,000. 44.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

AvePoint Stock Performance

Shares of AVPT stock traded up $0.27 on Friday, hitting $18.57. The company had a trading volume of 2,256,965 shares, compared to its average volume of 1,010,486. The firm has a market cap of $3.47 billion, a P/E ratio of -371.33 and a beta of 0.88. The stock's 50-day moving average is $13.04 and its two-hundred day moving average is $11.14. AvePoint, Inc. has a twelve month low of $7.08 and a twelve month high of $18.75.

Insider Activity

In other AvePoint news, CFO James Caci sold 20,215 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $17.12, for a total value of $346,080.80. Following the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Zhijian Lu sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $11.91, for a total value of $119,100.00. Following the completion of the transaction, the insider now owns 18,430,673 shares in the company, valued at $219,509,315.43. This represents a 0.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 140,215 shares of company stock valued at $1,903,881. Company 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.