Southland Equity Partners LLC Makes New $197,000 Investment in AvePoint, Inc. (NASDAQ:AVPT)

Southland Equity Partners LLC acquired a new stake in shares of AvePoint, Inc. (NASDAQ:AVPT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,961 shares of the company’s stock, valued at approximately $197,000.

Several other institutional investors have also modified their holdings of the stock. US Bancorp DE increased its position in shares of AvePoint by 8.0% during the 3rd quarter. US Bancorp DE now owns 18,706 shares of the company’s stock valued at $220,000 after purchasing an additional 1,391 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in AvePoint by 1.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 121,358 shares of the company’s stock worth $2,004,000 after buying an additional 2,112 shares during the period. National Bank of Canada FI bought a new position in AvePoint during the third quarter valued at $29,000. Cerity Partners LLC raised its stake in shares of AvePoint by 6.6% in the third quarter. Cerity Partners LLC now owns 41,499 shares of the company’s stock valued at $488,000 after acquiring an additional 2,571 shares during the period. Finally, Creative Planning raised its position in AvePoint by 19.1% in the 3rd quarter. Creative Planning now owns 29,345 shares of the company’s stock worth $345,000 after purchasing an additional 4,698 shares during the period. 44.49% of the stock is owned by institutional investors.

Insider Buying and Selling

In other AvePoint news, CFO James Caci sold 20,215 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $17.12, for a total transaction of $346,080.80. Following the sale, the chief financial officer now owns 591,890 shares of the company’s stock, valued at approximately $10,133,156.80. This trade represents a 3.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Zhijian Lu sold 10,000 shares of AvePoint stock in a transaction on Monday, November 18th. The shares were sold at an average price of $15.66, for a total value of $156,600.00. Following the completion of the transaction, the insider now owns 18,290,673 shares in the company, valued at $286,431,939.18. This represents a 0.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,215 shares of company stock valued at $831,581 over the last three months. 27.78% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AVPT has been the topic of several recent analyst reports. The Goldman Sachs Group increased their price target on AvePoint from $7.50 to $15.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Citigroup lifted their target price on AvePoint from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, AvePoint has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

AvePoint Stock Down 1.5 %

Shares of NASDAQ AVPT opened at $18.04 on Friday. AvePoint, Inc. has a twelve month low of $7.08 and a twelve month high of $19.16. The business has a fifty day simple moving average of $17.58 and a two-hundred day simple moving average of $13.72. The firm has a market cap of $3.37 billion, a PE ratio of -360.73 and a beta of 1.01.

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.