AvePoint, Inc. (NASDAQ:AVPT) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its stake in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 22.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 159,521 shares of the company's stock after selling 46,612 shares during the period. Sei Investments Co. owned 0.09% of AvePoint worth $2,634,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in AvePoint in the fourth quarter valued at $25,000. National Bank of Canada FI acquired a new position in shares of AvePoint in the 3rd quarter valued at about $29,000. Heck Capital Advisors LLC acquired a new position in shares of AvePoint in the 4th quarter valued at about $29,000. R Squared Ltd purchased a new stake in shares of AvePoint during the 4th quarter worth about $45,000. Finally, Principal Securities Inc. increased its position in AvePoint by 12,961.9% during the 4th quarter. Principal Securities Inc. now owns 2,743 shares of the company's stock worth $45,000 after purchasing an additional 2,722 shares in the last quarter. 44.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AVPT. Citigroup reduced their price target 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. William Blair restated an "outperform" rating on shares of AvePoint in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, AvePoint presently has an average rating of "Moderate Buy" and a consensus price target of $15.75.

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AvePoint Trading Up 10.5 %

NASDAQ:AVPT traded up $1.41 during trading hours on Wednesday, hitting $14.86. The stock had a trading volume of 1,464,064 shares, compared to its average volume of 1,200,383. The business has a 50 day simple moving average of $16.13 and a two-hundred day simple moving average of $15.78. AvePoint, Inc. has a 1-year low of $7.62 and a 1-year high of $19.90. The company has a market cap of $3.00 billion, a PE ratio of -297.14 and a beta of 1.20.

Insider Activity at AvePoint

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $15.40, for a total transaction of $539,000.00. Following the completion of the sale, the insider now owns 1,347,145 shares in the company, valued at $20,746,033. This trade represents a 2.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 26.19% of the company's stock.

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.