SVB Capital Management LLC Buys Shares of 29,102 AvePoint, Inc. (NASDAQ:AVPT)

SVB Capital Management LLC purchased a new position in AvePoint, Inc. (NASDAQ:AVPT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 29,102 shares of the company’s stock, valued at approximately $480,000. AvePoint comprises about 0.7% of SVB Capital Management LLC’s holdings, making the stock its 7th largest holding.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wellington Management Group LLP bought a new stake in AvePoint during the third quarter worth about $48,226,000. Raymond James Financial Inc. purchased a new position in AvePoint in the 4th quarter worth $18,067,000. Walleye Capital LLC bought a new stake in AvePoint in the third quarter worth $2,970,000. JPMorgan Chase & Co. boosted its position in AvePoint by 13.6% during the third quarter. JPMorgan Chase & Co. now owns 1,536,660 shares of the company’s stock valued at $18,086,000 after buying an additional 184,361 shares during the period. Finally, Barclays PLC grew its stake in shares of AvePoint by 358.5% during the third quarter. Barclays PLC now owns 206,358 shares of the company’s stock valued at $2,428,000 after buying an additional 161,354 shares during the last quarter. Hedge funds and other institutional investors own 44.49% of the company’s stock.

Wall Street Analysts Forecast Growth

AVPT has been the subject of several analyst reports. Citigroup increased their target price on AvePoint from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, January 17th. William Blair reissued an “outperform” rating on shares of AvePoint in a research note on Tuesday, March 4th. Finally, 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 stock. According to data from MarketBeat.com, AvePoint presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.25.

AvePoint Price Performance

Shares of NASDAQ:AVPT opened at $14.36 on Monday. AvePoint, Inc. has a 1 year low of $7.44 and a 1 year high of $19.90. The stock’s 50-day moving average is $17.53 and its 200 day moving average is $15.32. The company has a market cap of $2.68 billion, a PE ratio of -287.14 and a beta of 1.11.

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.