Southland Equity Partners LLC Takes $197,000 Position in AvePoint, Inc. (NASDAQ:AVPT)

Southland Equity Partners LLC purchased a new position in AvePoint, Inc. (NASDAQ:AVPT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,961 shares of the company’s stock, valued at approximately $197,000.

Other institutional investors have also added to or reduced their stakes in the company. National Bank of Canada FI bought a new position in shares of AvePoint in the 3rd quarter worth about $29,000. Canada Pension Plan Investment Board bought a new position in shares of AvePoint during the second quarter valued at approximately $83,000. Algert Global LLC purchased a new position in shares of AvePoint during the second quarter valued at approximately $116,000. Balboa Wealth Partners bought a new stake in shares of AvePoint in the 3rd quarter worth approximately $125,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of AvePoint in the 3rd quarter worth approximately $171,000. Institutional investors own 44.49% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on AVPT. Citigroup boosted their target price on AvePoint from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. The Goldman Sachs Group boosted their target price on shares of AvePoint from $7.50 to $15.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

AvePoint Price Performance

Shares of NASDAQ:AVPT opened at $18.04 on Friday. The company has a market capitalization of $3.37 billion, a P/E ratio of -360.73 and a beta of 1.01. AvePoint, Inc. has a 1-year low of $7.08 and a 1-year high of $19.16. The firm’s 50 day simple moving average is $17.58 and its two-hundred day simple moving average is $13.72.

Insider Activity

In related news, major shareholder Zhijian Lu sold 10,000 shares of AvePoint stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $15.66, for a total transaction of $156,600.00. Following the sale, the insider now owns 18,290,673 shares of the company’s stock, valued at approximately $286,431,939.18. This trade represents a 0.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James Caci sold 20,215 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $17.12, for a total transaction of $346,080.80. Following the sale, the chief financial officer now directly owns 591,890 shares of the company’s stock, valued at approximately $10,133,156.80. This trade represents a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,215 shares of company stock worth $831,581 in the last three months. Company insiders own 27.78% of the company’s stock.

About AvePoint

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.