AvePoint, Inc. (NASDAQ:AVPT) Insider Sells $539,000.00 in Stock

AvePoint, Inc. (NASDAQ:AVPT) insider Brian Michael Brown sold 35,000 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $15.40, for a total value of $539,000.00. Following the sale, the insider now owns 1,347,145 shares of the company’s stock, valued at approximately $20,746,033. This represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

AvePoint Trading Down 1.9 %

Shares of AVPT stock opened at $14.78 on Friday. The business’s 50-day moving average price is $16.95 and its 200-day moving average price is $15.59. AvePoint, Inc. has a 12 month low of $7.52 and a 12 month high of $19.90. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of -295.54 and a beta of 1.11.

Institutional Investors Weigh In On AvePoint

A number of institutional investors have recently added to or reduced their stakes in AVPT. Vanguard Group Inc. raised its stake in shares of AvePoint by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 15,280,202 shares of the company’s stock valued at $252,276,000 after acquiring an additional 150,885 shares during the last quarter. Wellington Management Group LLP raised its position in AvePoint by 56.9% during the 4th quarter. Wellington Management Group LLP now owns 6,430,203 shares of the company’s stock worth $106,163,000 after purchasing an additional 2,332,813 shares during the last quarter. Geode Capital Management LLC lifted its holdings in AvePoint by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,850,268 shares of the company’s stock worth $47,067,000 after buying an additional 20,720 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of AvePoint by 566.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,678,403 shares of the company’s stock valued at $44,220,000 after buying an additional 2,276,258 shares during the last quarter. Finally, Parsifal Capital Management LP acquired a new stake in shares of AvePoint in the fourth quarter valued at about $36,419,000. 44.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AVPT. Citigroup dropped their target price on shares of AvePoint from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. William Blair reissued an “outperform” rating on shares of AvePoint in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, AvePoint has an average rating of “Moderate Buy” and an average target price of $15.75.

AvePoint Company 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.