Walleye Capital LLC Lowers Stock Position in AvePoint, Inc. (NASDAQ:AVPT)

Walleye Capital LLC reduced its stake in AvePoint, Inc. (NASDAQ:AVPT - Free Report) by 61.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,807 shares of the company's stock after selling 155,538 shares during the quarter. Walleye Capital LLC owned approximately 0.05% of AvePoint worth $1,598,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Global Retirement Partners LLC acquired a new stake in shares of AvePoint during the fourth quarter valued at about $25,000. Heck Capital Advisors LLC acquired a new stake in shares of AvePoint during the fourth quarter worth about $29,000. R Squared Ltd purchased a new position in shares of AvePoint in the fourth quarter valued at approximately $45,000. Principal Securities Inc. increased its stake 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 buying an additional 2,722 shares during the period. Finally, Pacer Advisors Inc. raised its position in shares of AvePoint by 29.7% during the 4th quarter. Pacer Advisors Inc. now owns 4,409 shares of the company's stock worth $73,000 after acquiring an additional 1,010 shares in the last quarter. 44.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AVPT shares. Citigroup reduced their price objective on shares of 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 reaffirmed an "outperform" rating on shares of AvePoint in a report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.75.

AvePoint Trading Up 0.9 %

AVPT stock traded up $0.15 on Friday, hitting $15.91. The company's stock had a trading volume of 145,990 shares, compared to its average volume of 1,208,264. AvePoint, Inc. has a 1 year low of $7.74 and a 1 year high of $19.90. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of -317.34 and a beta of 1.20. The firm has a 50 day moving average of $15.09 and a two-hundred day moving average of $15.97.

Insider Transactions at AvePoint

In related news, insider Brian Michael Brown sold 35,000 shares of the stock in a transaction 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 directly owns 1,347,145 shares of the company's stock, valued at $20,746,033. This trade represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 26.19% 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.