Quantbot Technologies LP Buys 49,329 Shares of AvePoint, Inc. (NASDAQ:AVPT)

Quantbot Technologies LP lifted its stake in AvePoint, Inc. (NASDAQ:AVPT) by 32.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 203,076 shares of the company’s stock after acquiring an additional 49,329 shares during the period. Quantbot Technologies LP owned 0.11% of AvePoint worth $3,353,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Global Retirement Partners LLC bought a new position in shares of AvePoint in the 4th quarter worth $25,000. National Bank of Canada FI bought a new position in shares of AvePoint in the 3rd quarter worth $29,000. Heck Capital Advisors LLC bought a new position in shares of AvePoint in the 4th quarter worth $29,000. R Squared Ltd bought a new position in shares of AvePoint in the 4th quarter worth $45,000. Finally, Principal Securities Inc. raised its position in shares of AvePoint by 12,961.9% in the 4th quarter. Principal Securities Inc. now owns 2,743 shares of the company’s stock worth $45,000 after acquiring an additional 2,722 shares in the last quarter. 44.49% of the stock is owned by institutional investors.

AvePoint Price Performance

Shares of AVPT stock opened at $15.05 on Friday. AvePoint, Inc. has a 1-year low of $7.52 and a 1-year high of $19.90. The stock’s fifty day moving average price is $17.10 and its 200 day moving average price is $15.52. The company has a market cap of $3.04 billion, a price-to-earnings ratio of -300.94 and a beta of 1.11.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AVPT. William Blair restated an “outperform” rating on shares of AvePoint in a research note on Tuesday, March 4th. Citigroup dropped their target price on AvePoint from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.75.

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.