Moran Wealth Management LLC Buys 1,083 Shares of AvePoint, Inc. (NASDAQ:AVPT)

Moran Wealth Management LLC boosted its stake in AvePoint, Inc. (NASDAQ:AVPT) by 2.2% in the 4th quarter, Holdings Channel reports. The firm owned 49,571 shares of the company’s stock after acquiring an additional 1,083 shares during the quarter. Moran Wealth Management LLC’s holdings in AvePoint were worth $818,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AVPT. Global Retirement Partners LLC bought a new position in shares of AvePoint in the fourth quarter valued at approximately $25,000. Heck Capital Advisors LLC purchased a new stake in AvePoint in the 4th quarter worth approximately $29,000. National Bank of Canada FI bought a new position in AvePoint in the 3rd quarter valued at $29,000. R Squared Ltd purchased a new position in shares of AvePoint during the 4th quarter valued at $45,000. Finally, Principal Securities Inc. increased its holdings in shares of AvePoint by 12,961.9% in the fourth quarter. Principal Securities Inc. now owns 2,743 shares of the company’s stock worth $45,000 after purchasing an additional 2,722 shares during the period. Hedge funds and other institutional investors own 44.49% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on AVPT. The Goldman Sachs Group lifted their price objective on AvePoint from $7.50 to $15.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Citigroup dropped their price target on AvePoint from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, William Blair restated an “outperform” rating on shares of AvePoint in a research report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.75.

AvePoint Stock Up 0.9 %

NASDAQ AVPT opened at $13.62 on Wednesday. The stock’s 50-day simple moving average is $17.42 and its two-hundred day simple moving average is $15.36. AvePoint, Inc. has a twelve month low of $7.44 and a twelve month high of $19.90. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of -272.35 and a beta of 1.11.

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.