AvePoint, Inc. (NASDAQ:AVPT) Short Interest Update

AvePoint, Inc. (NASDAQ:AVPT) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 7,670,000 shares, an increase of 17.6% from the January 15th total of 6,520,000 shares. Based on an average daily volume of 1,390,000 shares, the short-interest ratio is currently 5.5 days. Approximately 7.8% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Citigroup upped their target price on shares of 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 lifted their target price on shares of AvePoint from $7.50 to $15.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $15.00.

Insider Buying and Selling at AvePoint

In related news, major shareholder Zhijian Lu sold 10,000 shares of AvePoint stock in a transaction on Monday, November 18th. The shares were sold at an average price of $15.66, for a total transaction of $156,600.00. Following the completion of the transaction, the insider now owns 18,290,673 shares of the company’s stock, valued at $286,431,939.18. This trade represents a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James Caci sold 20,215 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was 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 position. The disclosure for this sale can be found here. Insiders sold a total of 40,215 shares of company stock worth $673,881 over the last three months. Corporate insiders own 27.78% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. boosted its holdings in AvePoint by 29.7% during the 4th quarter. Pacer Advisors Inc. now owns 4,409 shares of the company’s stock valued at $73,000 after acquiring an additional 1,010 shares during the period. Ameritas Investment Partners Inc. boosted its position in shares of AvePoint by 8.4% during the fourth quarter. Ameritas Investment Partners Inc. now owns 13,475 shares of the company’s stock valued at $222,000 after purchasing an additional 1,042 shares in the last quarter. Moran Wealth Management LLC grew its stake in AvePoint by 2.2% in the fourth quarter. Moran Wealth Management LLC now owns 49,571 shares of the company’s stock worth $818,000 after purchasing an additional 1,083 shares during the period. US Bancorp DE increased its stake in shares of AvePoint by 8.0% in the 3rd quarter. US Bancorp DE now owns 18,706 shares of the company’s stock worth $220,000 after acquiring an additional 1,391 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in shares of AvePoint during the fourth quarter valued at approximately $25,000. 44.49% of the stock is currently owned by institutional investors.

AvePoint Stock Performance

Shares of AvePoint stock traded down $0.36 on Friday, hitting $19.44. 1,539,069 shares of the company traded hands, compared to its average volume of 1,051,556. AvePoint has a 12-month low of $7.08 and a 12-month high of $19.90. The firm’s 50-day simple moving average is $17.92 and its 200 day simple moving average is $14.63.

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.