AvePoint, Inc. (NASDAQ:AVPT – Get Free Report) major shareholder Zhijian Lu sold 10,000 shares of AvePoint stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $12.10, for a total transaction of $121,000.00. Following the sale, the insider now owns 18,320,673 shares in the company, valued at $221,680,143.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Zhijian Lu also recently made the following trade(s):
- On Friday, October 18th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $12.24, for a total transaction of $122,400.00.
- On Wednesday, October 16th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $12.24, for a total transaction of $122,400.00.
- On Monday, October 14th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $12.37, for a total transaction of $123,700.00.
- On Monday, September 23rd, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $11.90, for a total value of $119,000.00.
- On Friday, September 20th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $11.94, for a total value of $119,400.00.
- On Wednesday, September 18th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $11.73, for a total value of $117,300.00.
- On Monday, September 16th, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $11.91, for a total transaction of $119,100.00.
- On Monday, August 26th, Zhijian Lu sold 10,000 shares of AvePoint stock. The shares were sold at an average price of $10.80, for a total transaction of $108,000.00.
- On Friday, August 23rd, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $10.83, for a total transaction of $108,300.00.
- On Wednesday, August 21st, Zhijian Lu sold 10,000 shares of AvePoint stock. The stock was sold at an average price of $10.89, for a total transaction of $108,900.00.
AvePoint Stock Down 0.7 %
AVPT opened at $12.06 on Tuesday. The company’s 50-day moving average price is $11.62 and its 200 day moving average price is $10.13. AvePoint, Inc. has a fifty-two week low of $6.96 and a fifty-two week high of $12.66. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of -150.75 and a beta of 0.89.
Analysts Set New Price Targets
Several analysts recently weighed in on the company. Northland Securities boosted their price objective on AvePoint from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Cantor Fitzgerald boosted their price target on AvePoint from $11.00 to $13.00 and gave the company an “overweight” rating in a report on Friday, August 9th.
View Our Latest Report on AvePoint
Institutional Investors Weigh In On AvePoint
A number of hedge funds have recently added to or reduced their stakes in AVPT. Canada Pension Plan Investment Board bought a new position in shares of AvePoint during the second quarter worth about $83,000. Algert Global LLC acquired a new position in AvePoint during the 2nd quarter valued at about $116,000. Bayesian Capital Management LP bought a new position in AvePoint in the 1st quarter worth about $130,000. SG Americas Securities LLC increased its stake in shares of AvePoint by 44.2% in the first quarter. SG Americas Securities LLC now owns 16,727 shares of the company’s stock valued at $132,000 after purchasing an additional 5,125 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in shares of AvePoint during the fourth quarter valued at approximately $148,000. 44.49% of the stock is currently owned by institutional investors.
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.
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