Teacher Retirement System of Texas Acquires 121,576 Shares of AvePoint, Inc. (NASDAQ:AVPT)

Teacher Retirement System of Texas increased its position in shares of AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 390.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 152,728 shares of the company's stock after purchasing an additional 121,576 shares during the quarter. Teacher Retirement System of Texas owned 0.08% of AvePoint worth $2,522,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Intech Investment Management LLC bought a new stake in shares of AvePoint during the 3rd quarter worth approximately $348,000. Charles Schwab Investment Management Inc. raised its position in AvePoint by 7.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 897,584 shares of the company's stock valued at $10,565,000 after purchasing an additional 63,323 shares in the last quarter. Cerity Partners LLC lifted its stake in AvePoint by 6.6% during the third quarter. Cerity Partners LLC now owns 41,499 shares of the company's stock worth $488,000 after purchasing an additional 2,571 shares during the last quarter. Algert Global LLC lifted its stake in AvePoint by 1,041.8% during the third quarter. Algert Global LLC now owns 126,817 shares of the company's stock worth $1,493,000 after purchasing an additional 115,710 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of AvePoint by 8.3% in the 3rd 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. 44.49% of the stock is currently owned by institutional investors and hedge funds.

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AvePoint Stock Performance

Shares of NASDAQ:AVPT traded down $0.16 during trading on Friday, reaching $14.62. The stock had a trading volume of 1,486,636 shares, compared to its average volume of 1,196,059. AvePoint, Inc. has a 52 week low of $7.52 and a 52 week high of $19.90. The firm's fifty day moving average is $16.90 and its 200 day moving average is $15.66. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of -292.34 and a beta of 1.11.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Citigroup dropped their price objective on AvePoint from $18.00 to $16.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. William Blair restated an "outperform" rating on shares of AvePoint in a research note on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $15.75.

Insider Buying and Selling at AvePoint

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of AvePoint 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 sale, the insider now directly owns 1,347,145 shares of the company's stock, valued at approximately $20,746,033. The trade was a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.