AvePoint, Inc. (NASDAQ:AVPT) Holdings Lifted by Quantbot Technologies LP

Quantbot Technologies LP raised its position in AvePoint, Inc. (NASDAQ:AVPT) by 142.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 153,747 shares of the company’s stock after acquiring an additional 90,413 shares during the quarter. Quantbot Technologies LP’s holdings in AvePoint were worth $1,810,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in AvePoint by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 15,050,278 shares of the company’s stock worth $119,198,000 after buying an additional 532,371 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of AvePoint by 13.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,932,248 shares of the company’s stock worth $20,133,000 after purchasing an additional 227,324 shares in the last quarter. Driehaus Capital Management LLC acquired a new position in shares of AvePoint during the second quarter valued at $17,305,000. Federated Hermes Inc. raised its position in shares of AvePoint by 3.6% during the 2nd quarter. Federated Hermes Inc. now owns 934,670 shares of the company’s stock worth $9,739,000 after buying an additional 32,821 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in AvePoint by 7.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 897,584 shares of the company’s stock worth $10,565,000 after purchasing an additional 63,323 shares during the period. Institutional investors own 44.49% of the company’s stock.

AvePoint Trading Down 1.0 %

AVPT stock opened at $17.65 on Friday. AvePoint, Inc. has a one year low of $7.08 and a one year high of $18.75. The firm has a 50-day moving average of $13.53 and a two-hundred day moving average of $11.41. The firm has a market capitalization of $3.30 billion, a PE ratio of -352.93 and a beta of 0.88.

Insider Activity

In related news, CFO James Caci sold 20,215 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $17.12, for a total transaction of $346,080.80. Following the transaction, the chief financial officer now directly owns 591,890 shares of the company’s stock, valued at approximately $10,133,156.80. The trade was a 3.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Zhijian Lu sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $11.73, for a total transaction of $117,300.00. Following the completion of the transaction, the insider now owns 18,410,673 shares in the company, valued at approximately $215,957,194.29. This represents a 0.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 130,215 shares of company stock worth $1,795,881 over the last 90 days. 27.78% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AVPT. Northland Securities lifted their target price on AvePoint from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Cantor Fitzgerald boosted their target price on shares of AvePoint from $11.00 to $13.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Finally, The Goldman Sachs Group lifted their price target on shares of AvePoint from $7.50 to $15.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, AvePoint has a consensus rating of “Moderate Buy” and an average target price of $13.20.

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.