AvePoint, Inc. (NASDAQ:AVPT) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP lifted its holdings in AvePoint, Inc. (NASDAQ:AVPT) by 142.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,747 shares of the company’s stock after acquiring an additional 90,413 shares during the period. Quantbot Technologies LP owned approximately 0.08% of AvePoint worth $1,810,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Driehaus Capital Management LLC acquired a new position in shares of AvePoint during the second quarter worth $17,305,000. Vanguard Group Inc. increased its stake in AvePoint by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 15,050,278 shares of the company’s stock worth $119,198,000 after buying an additional 532,371 shares during the period. Cubist Systematic Strategies LLC lifted its holdings in AvePoint by 2,948.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 550,350 shares of the company’s stock worth $5,735,000 after buying an additional 532,294 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in AvePoint by 198.2% in the 2nd quarter. Squarepoint Ops LLC now owns 519,642 shares of the company’s stock worth $5,415,000 after buying an additional 345,370 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in AvePoint in the 2nd quarter valued at about $2,881,000. Hedge funds and other institutional investors own 44.49% of the company’s stock.

AvePoint Trading Down 1.0 %

Shares of NASDAQ AVPT opened at $17.65 on Friday. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of -352.93 and a beta of 0.88. AvePoint, Inc. has a twelve month low of $7.08 and a twelve month high of $18.75. The business has a 50 day simple moving average of $13.53 and a 200-day simple moving average of $11.41.

Analyst Ratings Changes

Several research firms have issued reports on AVPT. Northland Securities lifted their price objective on AvePoint from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. The Goldman Sachs Group upped their price target on shares of AvePoint from $7.50 to $15.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th. Finally, Cantor Fitzgerald raised their price objective on shares of AvePoint from $11.00 to $13.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $13.20.

Insiders Place Their Bets

In other AvePoint news, major shareholder Zhijian Lu sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $11.73, for a total value of $117,300.00. Following the transaction, the insider now owns 18,410,673 shares of the company’s stock, valued at $215,957,194.29. This trade represents a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO James Caci sold 20,215 shares of AvePoint stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $17.12, for a total value of $346,080.80. Following the completion of the transaction, the chief financial officer now owns 591,890 shares of the company’s stock, valued at approximately $10,133,156.80. The trade was a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 130,215 shares of company stock valued at $1,795,881 over the last 90 days. 27.78% of the stock is owned by company insiders.

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.