Sheaff Brock Investment Advisors LLC Invests $377,000 in AvePoint, Inc. (NASDAQ:AVPT)

Sheaff Brock Investment Advisors LLC acquired a new stake in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 22,844 shares of the company's stock, valued at approximately $377,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new position in shares of AvePoint during the third quarter valued at approximately $1,404,000. Quantbot Technologies LP grew its holdings in shares of AvePoint by 142.8% during the third quarter. Quantbot Technologies LP now owns 153,747 shares of the company's stock valued at $1,810,000 after purchasing an additional 90,413 shares during the last quarter. Lisanti Capital Growth LLC bought a new position in shares of AvePoint during the third quarter valued at approximately $1,424,000. The Manufacturers Life Insurance Company grew its holdings in shares of AvePoint by 8.3% during the third quarter. The Manufacturers Life Insurance Company now owns 70,013 shares of the company's stock valued at $824,000 after purchasing an additional 5,352 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in shares of AvePoint during the third quarter valued at approximately $2,970,000. Institutional investors and hedge funds own 44.49% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on AvePoint from $7.50 to $15.00 and gave the stock a "neutral" rating in a report on Tuesday, November 12th. Citigroup increased their price objective on AvePoint from $17.00 to $18.00 and gave the stock a "neutral" rating in a report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, AvePoint has a consensus rating of "Moderate Buy" and an average price target of $15.00.

AvePoint Price Performance

Shares of NASDAQ:AVPT traded down $1.26 on Thursday, reaching $18.04. 2,329,572 shares of the company traded hands, compared to its average volume of 1,211,296. AvePoint, Inc. has a fifty-two week low of $7.08 and a fifty-two week high of $19.90. The company's 50 day moving average is $17.97 and its 200-day moving average is $14.82. The stock has a market capitalization of $3.37 billion, a PE ratio of -360.63 and a beta of 1.02.

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.