Raymond James Financial Inc. purchased a new stake in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,094,317 shares of the company's stock, valued at approximately $18,067,000. Raymond James Financial Inc. owned 0.59% of AvePoint at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in AVPT. Global Retirement Partners LLC bought a new position in shares of AvePoint during the 4th quarter valued at approximately $25,000. National Bank of Canada FI bought a new position in shares of AvePoint in the third quarter worth approximately $29,000. Heck Capital Advisors LLC purchased a new stake in shares of AvePoint in the fourth quarter worth $29,000. R Squared Ltd bought a new stake in shares of AvePoint during the 4th quarter valued at $45,000. Finally, Principal Securities Inc. lifted its stake in shares of AvePoint by 12,961.9% during the 4th quarter. Principal Securities Inc. now owns 2,743 shares of the company's stock valued at $45,000 after buying an additional 2,722 shares in the last quarter. Hedge funds and other institutional investors own 44.49% of the company's stock.
AvePoint Trading Down 0.1 %
Shares of AVPT traded down $0.02 during midday trading on Friday, reaching $15.05. 1,729,334 shares of the stock were exchanged, compared to its average volume of 1,145,241. The company's 50 day moving average is $17.13 and its two-hundred day moving average is $15.47. The company has a market capitalization of $3.04 billion, a P/E ratio of -300.94 and a beta of 1.11. AvePoint, Inc. has a 52 week low of $7.52 and a 52 week high of $19.90.
Analyst Upgrades and Downgrades
Several research firms have recently commented on AVPT. William Blair restated an "outperform" rating on shares of AvePoint in a research report on Tuesday, March 4th. Citigroup reduced 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $15.75.
Check Out Our Latest Research Report on AVPT
About AvePoint
(
Free Report)
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.
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